Rajath Finance Rights Issue dates 4 – 18 March 2025.
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 provides 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 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.
Promoters of Rajath Finance – 9Anium Tech LLP
Table of Contents
Rajath Finance Rights Issue Details
| Rajath Finance Rights Issue Date | 4 – 18 March 2025 |
| Rajath Finance Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 1,60,00,000 shares |
| Issue Size (in INR) | INR 16 crore |
| Issue Entitlement | 4 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Rajath Finance Rights Issue Record Date | 21 February 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Fynx Capital Rights Issue Calculation
| Rajath Finance Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 27.79 per share |
| Dilution Factor (X) | 5 |
| Fair Value After Dilution at Prevailing Price | INR 13.56 per share |
Rajath Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 0.34 | 0.33 | 0.09 |
| Expenses | 0.01 | 0.34 | 1.51 |
| Operating Margin (%) | 97.06 | (3.03) | (1,577.78) |
| Net Income | 0.24 | (0.11) | (1.25) |
| ROCE (%) | 4.70 | (1.39) | (22.66) |
All Standalone Data
Rajath Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the capital base and increase operational scale concerning the NBFC activities
- General corporate purposes
Rajath Finance Rights Offer Documents
- Rajath Finance Rights Issue Application Form
- Rajath Finance Letter of Offer
- Board Meeting Outcome
- Rajath Finance Draft Letter of Offer
- Rights Issue in 2024
Rajath Finance Rights Issue Dates
| Rights Issue Approval Date | 14 February 2025 |
| Rights Issue Record Date | 21 February 2025 |
| Credit of Rights Entitlement | 3 March 2025 |
| Rights Issue Opening Date | 4 March 2025 |
| Last Date for Market Renunciation | 11 March 2025 |
| Rights Issue Closing Date | 18 March 2025 |
| Finalization of Basis of Allotment | 25 March 2025 |
| Rights Allotment Date | 25 March 2025 |
| Credit Date | 1 April 2025 |
| Listing Date | 3 April 2025 |
Rajath Finance Rights Offer Lead Manager
BONANZA PORTFOLIO LIMITED
Bonanza House, Plot No. M-2 Cama Industrial Estate, Walbhat Road,
Behind The Hub, Goregaon (East), Mumbai – 400 063
Phone: +91 022 68363773/+91 022 68363728
Email: [email protected] /[email protected]
Website: www.bonanzaonline.com
Rajath Finance Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 81 0811 4949
Email: [email protected]
Website: www.linkintime.com
Rajath Finance Contact Details
RAJATH FINANCE LIMITED
Office No.1001, Tenth Floor, K.P. Aurum Building, CTS No.426A, Marol
Maroshi Road, Andheri (E), Mumbai, Maharashtra, 400059
Phone: 8655900272
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 21 February 2025.
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.