Rajath Finance Rights Issue Date, Price, Allotment, Entitlement

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Rajath Finance Rights Issue

Rajath Finance Rights Issue is scheduled on 2024

Rajath Finance is a non-banking financial institution (NBFC) based in India that was incorporated in 1984. The company primarily engages in financial services including leasing, hire purchase, and loan provision.

  • Microfinance Services: Rajath Finance specializes in providing microfinance solutions, catering to individuals and small businesses that require financial assistance but may not qualify for traditional bank loans.
  • Loans: The company offers various types of loans, including personal loans and business loans, aimed at helping customers meet their financial needs.
  • Leasing: Rajath Finance engages in leasing services, allowing clients to lease equipment or vehicles instead of purchasing them outright.
  • Hire Purchase: This service enables customers to acquire goods through a hire purchase agreement, where they can pay in installments while using the product.

Rajath Finance has been experiencing significant financial challenges, as evidenced by its recent performance metrics. For the fiscal year 2024, the company reported a total revenue of INR 0.09 crores, reflecting a drastic decline of 71.73% compared to the previous year, where revenue stood at INR 0.33 crores.

Fynx Capital Rights Issue entitlement ratio

Promoters of Rajath Finance –


Rajath Finance Rights Issue Details

Rajath Finance Rights Issue DateComing soon
Rajath Finance Rights Issue PriceINR 10 per share
Issue Size (in Shares)1,60,00,000 shares
Issue Size (in INR)INR 16 crore
Issue Entitlement4 equity shares for every 1 equity shares held on record date
Terms of PaymentFully payable at the time of application
Rajath Finance Rights Issue Record DateComing soon
Face ValueINR 10 per share
Listing OnBSE

Fynx Capital Rights Issue Calculation

Rajath Finance Rights Issue PriceINR 10 per share
Market Price on Rights Issue ApprovalINR 27.79 per share
Dilution Factor (X)5
Fair Value After Dilution at Prevailing PriceINR 13.56 per share

Rajath Finance Financial Performance

 FY 2022FY 2023FY 2024
Revenue0.340.330.09
Expenses0.010.341.51
Operating Margin (%)97.06(3.03)(1,577.78)
Net Income0.24(0.11)(1.25)
ROCE (%)4.70(1.39)(22.66)
Figures in INR Crores unless specified otherwise
All Standalone Data

Rajath Finance Rights Offer Objectives

The net proceeds from the offer are proposed to be used for


Rajath Finance Rights Offer Documents


Rajath Finance Rights Issue Dates

Rights Issue Approval Date13 November 2024
Rights Issue Record DateComing soon
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Rajath Finance Rights Offer Lead Manager

Coming soon


Rajath Finance Rights Offer Registrar

Coming soon


Rajath Finance Contact Details

RAJATH FINANCE LIMITED
1001, 10â„¢ Floor, K. P. Aurum, Marol Maroshi Road,
Andheri (E), Mumbai, 400059, Maharastra
Phone: 022 29200027
Email: 
[email protected]
Website:
www.fynxcapital.com


Rajath Finance Rights Offer FAQs

What is the Rajath Finance Rights Issue Price?

The issue price is INR 10 per share.

What is the Fynx Capital Rights Issue entitlement ratio?

The eligible shareholders are offered 4 Equity Shares for every 1 Equity Shares held on the record date.

What is the Rajath Finance Rights Issue Record Date?

The Record date is Coming soon.

How to Apply for Rajath Finance Rights Offer?

The best way to apply for Rajath Finance Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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