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Banas Finance Rights Issue 2022 Detail
Issue Open July 5, 2022
Issue Close July 19, 2022
Issue Size (Shares) 2.46 Crores
Issue Size (Amount) ₹49.25 Crores
Issue Price ₹20 per Share
Listing At BSE

Banas Finance Rights Issue 2022 Date & Price FAQs

Banas Finance Rights Issue 2022 Timetable

Last Date for credit of Rights EntitlementsJuly 4, 2022
Last Date for renunciation of Rights EntitlementsJuly 14, 2022
Issue Opening DateJuly 5, 2022
Issue Closing DateJuly 19, 2022
Allotment DateJuly 28, 2022
Shares Credit DateAugust 1, 2022
Listing DateAugust 2, 2022

Banas Finance Rights Issue 2022 price is set at ₹20 per Share. The Banas Finance Rights Issue 2022 opens on July 5, 2022, and closes on July 19, 2022, for the subscription.

The allotment of Banas Finance Rights Issue 2022 is expected to happen on or about July 28, 2022 as per the issue schedule.

Banas Finance Rights Issue 2022 listing date is August 2, 2022.

The credit of Banas Finance Rights Issue 2022 in Demat account is expected on or about August 1, 2022 as per the issue schedule.

The intended use of the Net Proceeds of the Issue by the company is set forth below:

1. Towards working capital requirements.

2. Investment in the Associate, Tilak Ventures Limited for augmentation of funding requirements for its business activities.

3. General Corporate Purposes.

It is difficult to say at what price Banas Finance Rights Issue 2022 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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