Rapid Investments Rights Issue Date, Price, Allotment, Entitlement

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Last updated on September 30, 2024

Rapid Investments Rights Issue

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.

Rapid Investments Rights Issue Record Date

Promoters of Rapid Investments –


Rapid Investments Rights Issue Details

Rapid Investments Rights Issue Date26 Sep – 10 Oct 2024
Rapid Investments Rights Issue PriceINR 100 per share
Issue Size (in Shares)8,39,744 shares
Issue Size (in INR)INR 8.40 crore
Issue Entitlement25 equity shares for every 39 equity shares held on record date
Terms of PaymentFully payable at the time of application
Rapid Investments Rights Issue Record Date18 September 2024
Face ValueINR 10 per share
Listing OnBSE

Rapid Investments Rights Issue Calculation

Rapid Investments Rights Issue PriceINR 100 per share
Market Price on Rights Issue ApprovalINR 121.1 per share
Dilution Factor (X)1.64
Fair Value After Dilution at Prevailing PriceINR 112.92 per share

Rapid Investments Financial Performance

 FY 2022FY 2023FY 2024
Revenue0.480.311.93
Expenses0.490.291.42
OPM (%)(2.08)6.4526.42
Net income0.000.040.20
ROCE (%)0.393.0623.35
Figures in INR Crores unless specified otherwise

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 Dates

Rights Issue Approval Date11 September 2024
Rights Issue Record Date18 September 2024
Credit of Rights Entitlement24 September 2024
Rights Issue Opening Date26 September 2024
Last Date for Market Renunciation4 October 2024
Rights Issue Closing Date10 October 2024
Finalization of Basis of Allotment15 October 2024
Rights Allotment Date16 October 2024
Credit Date 18 October 2024
Listing Date18 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: +91 810 811 4949
Email: [email protected]
Website: 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: 9322687149
E-mail: [email protected]
Website: 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.

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