Rapid Investments Rights Issue is scheduled on 26 Sep – 10 Oct 2024
Established in 1978, Rapid Investments is involved in financial services, including loan granting and investment activities. Services offered by Rapid Investments Ltd include:
- a) Investments in shares, stocks, debentures, bonds, and other securities issued or guaranteed by companies.
- b) Receiving money or deposits and providing loans.
- c) Engaging in general finance, safe deposit, trust, and guaranteeing industrial enterprises.
- d) Offering financial advisory services, including mutual fund investments and loans against property.
Previously, the company also dealt with ferrous and non-ferrous metals, vehicle trading, re-rollers, and agricultural products. The minimum Net Owned Funds (NOF) requirement for NBFC companies to obtain a Certificate of Registration (COR) from the Reserve Bank of India to commence or carry on business as an NBFC is INR 200 lakhs. As of 31 December 2023, the company had 18 full-time employees.
Promoters of Rapid Investments –
Table of Contents
Rapid Investments Rights Issue Details
| Rapid Investments Rights Issue Date | 26 Sep – 10 Oct 2024 |
| Rapid Investments Rights Issue Price | INR 100 per share |
| Issue Size (in Shares) | 8,39,744 shares |
| Issue Size (in INR) | INR 8.40 crore |
| Issue Entitlement | 25 equity shares for every 39 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Rapid Investments Rights Issue Record Date | 18 September 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Rapid Investments Rights Issue Calculation
| Rapid Investments Rights Issue Price | INR 100 per share |
| Market Price on Rights Issue Approval | INR 121.1 per share |
| Dilution Factor (X) | 1.64 |
| Fair Value After Dilution at Prevailing Price | INR 112.92 per share |
Rapid Investments Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 0.48 | 0.31 | 1.93 |
| Expenses | 0.49 | 0.29 | 1.42 |
| OPM (%) | (2.08) | 6.45 | 26.42 |
| Net income | 0.00 | 0.04 | 0.20 |
| ROCE (%) | 0.39 | 3.06 | 23.35 |
Rapid Investments Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- General Corporate Purposes
Rapid Investments Rights Offer Documents
- Rapid Investments Rights Issue Application Form
- Rapid Investments Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Rapid Investments Rights Issue Dates
| Rights Issue Approval Date | 11 September 2024 |
| Rights Issue Record Date | 18 September 2024 |
| Credit of Rights Entitlement | 24 September 2024 |
| Rights Issue Opening Date | 26 September 2024 |
| Last Date for Market Renunciation | 4 October 2024 |
| Rights Issue Closing Date | 10 October 2024 |
| Finalization of Basis of Allotment | 15 October 2024 |
| Rights Allotment Date | 16 October 2024 |
| Credit Date | 18 October 2024 |
| Listing Date | 18 October 2024 |
Rapid Investments Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Rapid Investments Issue Contact Details
RAPID INVESTMENTS LTD.
107, Turf Estate Off Dr E Moses Road,
Shakti Mill Lane Mahalaxmi, Mumbai 400011
Phone:Â 9322687149
E-mail: [email protected]
Website:Â www.rapidinvestments.co.in
Rapid Investments Rights Offer FAQs
What is the Rapid Investments Rights Issue Price?
The issue price is INR 100 per share.
What is the Rapid Investments Rights Issue entitlement ratio?
The eligible shareholders are offered 25 Equity Shares for every 39 Equity Shares held on the record date.
What is the Rapid Investments Rights Issue Record Date?
The Record date is 18 September 2024.
How to Apply in Rapid Investments Rights Offer?
The best way to apply in Rapid Investments 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.
