Free Account Opening + AMC Free Demat
Loading...
Savani Financials Limited Rights Issue 2024 Detail
Issue Open May 2, 2024
Issue Close May 10, 2024
Issue Size (Shares) 2.83 Crores
Issue Size (Amount) ₹49.50 Crores
Issue Price ₹18 per Share
Listing At BSE

Savani Financials Limited Rights Issue 2024 Date & Price FAQs

Savani Financials Limited Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsApril 30, 2024
Last Date for renunciation of Rights EntitlementsMay 7, 2024
Issue Opening DateMay 2, 2024
Issue Closing DateMay 10, 2024
Allotment DateMay 18, 2024
Shares Credit DateMay 22, 2024
Listing DateMay 24, 2024

Savani Financials Limited Rights Issue 2024 price is set at ₹18 per Share. The Savani Financials Limited Rights Issue 2024 opens on May 2, 2024, and closes on May 10, 2024, for the subscription.

The allotment of Savani Financials Limited Rights Issue 2024 is expected to happen on or about May 18, 2024 as per the issue schedule.

Savani Financials Limited Rights Issue 2024 listing date is May 24, 2024.

The credit of Savani Financials Limited Rights Issue 2024 in Demat account is expected on or about May 22, 2024 as per the issue schedule.

The Net Proceeds from the Issue are proposed to be utilised by our Company for the following objects 

  1. To augment the capital base;
  2. Repay the Unsecured loan along with interest of Rs. 1.98 lakhs to the Director post the completion of the Rights issue, a sum estimated at as of Rs. 91.98 Lakhs.
  3. General Corporate Purposes

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

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about Savani Financials Limited Rights Issue 2024 which could help you with questions like Savani Financials Limited Rights Issue 2024 buy or not? Consider reading Savani Financials Limited Rights Issue 2024 reviews and analysis from experts posted on rights issue detail page.