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Banas Finance Rights Issue 2024 Detail
Issue Open May 13, 2024
Issue Close May 30, 2024
Issue Size (Shares) 4.80 Crores
Issue Size (Amount) ₹48.05 Crores
Issue Price ₹10 per Share
Listing At BSE

Banas Finance Rights Issue 2024 Date & Price FAQs

Banas Finance Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsMay 6, 2024
Last Date for renunciation of Rights EntitlementsMay 17, 2024
Issue Opening DateMay 13, 2024
Issue Closing DateMay 30, 2024
Allotment DateJune 11, 2024
Shares Credit DateJune 13, 2024
Listing DateJune 14, 2024

Banas Finance Rights Issue 2024 price is set at ₹10 per Share. The Banas Finance Rights Issue 2024 opens on May 13, 2024, and closes on May 30, 2024, for the subscription.

The allotment of Banas Finance Rights Issue 2024 is expected to happen on or about June 11, 2024 as per the issue schedule.

Banas Finance Rights Issue 2024 expected to list on or around June 14, 2024.

The credit of Banas Finance Rights Issue 2024 in Demat account is expected on or about June 13, 2024 as per the issue schedule.

The company proposes to utilize the Net Proceeds to:

1. Towards working capital requirements including:

  • Short Term and Long Term Unsecured/Secured Loans & Advances to Corporate and Non-Corporate Customers;
  • Investment and dealing in Shares & Securities, Mutual Funds, Debt Funds, Liquid Funds, G-sec, Fixed Deposits, Commodity Markets and Currency Markets.

2. General corporate purpose; and

3. To meet Issue related expenses.

It is difficult to say at what price Banas Finance Rights Issue 2024 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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