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Banas Finance Rights Issue 2024 vs Sobhagya Merchantile Rights Issue 2024

Comparision between Banas Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for Banas Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024. Banas Finance Rights Issue 2024 is listed on BSE while Sobhagya Merchantile Rights Issue 2024 is listed on BSE.

  Banas Finance Ltd. Sobhagya Merchantile Ltd.
Logo Sobhagya Merchantile Rights Issue 2024 Logo
Listing At BSE BSE
Terms of Payment

The Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.

100% of the Issue Price is payable on Application

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date 34 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date
Application Form Application Form Application Form
Letter of Offer Letter of Offer Letter of Offer
Registrar Purva Sharegistry India Pvt Ltd Purva Sharegistry India Pvt Ltd
Lead Managers Mark Corporate Advisors Private Limited

Rights Issue Size and Price

The issue size of Banas Finance Rights Issue 2024 rights issue is ₹48.05 Crores, whereas Sobhagya Merchantile Rights Issue 2024 rights issue size is ₹17.14 Crores.

  Banas Finance Ltd. Sobhagya Merchantile Ltd.
Issue Size 4,80,46,232 shares 81,60,000 shares
Issue Size (Amount) ₹48.05 Crores ₹17.14 Crores
Issue Price ₹10 per share ₹21 per share
Face Value ₹10 per share ₹10 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of Banas Finance Rights Issue 2024 is Apr 26, 2024 while record date of Sobhagya Merchantile Rights Issue 2024 is Apr 23, 2024.

  Banas Finance Ltd. Sobhagya Merchantile Ltd.
Record Date Apr 26, 2024 Apr 23, 2024
Credit of Rights Entitlements May 06, 2024 May 03, 2024
Bid/Offer Opens On May 13, 2024 May 06, 2024
Renunciation of Rights Entitlements May 17, 2024 May 16, 2024
Bid/Offer Closes On May 30, 2024 May 21, 2024
Deemed Date of Allotment Jun 11, 2024 May 28, 2024
Credit Date Jun 13, 2024 May 29, 2024
Listing Date Jun 14, 2024 Jun 03, 2024

Financials details

Comparison of Banas Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

  Banas Finance Ltd. Sobhagya Merchantile Ltd.
Financial

Banas Finance Ltd. Financial Information (Restated Consolidated)

Banas Finance Ltd.'s revenue decreased by -79.29% and profit after tax (PAT) dropped by -178.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets159.35188.08
Revenue20.88100.8214.47
Profit After Tax-54.7669.3711.22
Amount in ₹ Crore

Sobhagya Merchantile Ltd. Financial Information (Restated Standalone)

Sobhagya Merchantile Ltd.'s revenue increased by 56.5% and profit after tax (PAT) dropped by -2.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets87.7851.8734.97
Revenue112.0871.6242.37
Profit After Tax10.7310.967.91
Reserves and Surplus35.3424.6213.64
Amount in ₹ Crore

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