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Arc Finance Ltd Rights Issue (ARC Finance Rights Issue 2024) Detail

October 21, 2024 - November 18, 2024
Arc Finance Ltd Logo

ARC Finance Limited was founded in 1982. The company was initially incorporated as ARC Modellors & Services Limited.

The company offers loans to individuals and organizations, focusing on credit risk assessment and repayment management. They also invest in securities to generate returns while effectively managing market risks and optimizing portfolios.

The company's main purpose is trading and distributing various products, including agricultural goods, industrial items, and consumer goods. They provide hire purchase, finance, and leasing services for industrial and office equipment and investment in financial instruments. It also acquires, manages, and deals in real and personal property, including land and various assets, and develops resources for commercial and residential projects.

ARC Finance Rights Issue 2024 Detail

Issue Open October 21, 2024 - November 18, 2024
Security Name Arc Finance Ltd
Issue Size (Shares) 403,960,000
Issue Size (Amount) ₹48.48 Crores
Issue Price ₹1.2 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 1.20/- per Equity Share shall be payable at the time of Application

Entitlement 4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

ARC Finance Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 9, 2024
Record Date October 10, 2024
Credit of Rights Entitlements
Bid/Offer Opens On October 21, 2024
Renunciation of Rights Entitlements
Bid/Offer Closes On November 18, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Arc Finance Ltd Financial Information (Restated Consolidated)

Arc Finance Ltd's revenue increased by 34% and profit after tax (PAT) dropped by -17% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets71.570.9479.27
Revenue9.246.9232.59
Profit After Tax0.270.330.28
Reserves and Surplus0.630.560.47
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Repayment of unsecured loans availed by the Company;
  2. Augmentation of Capital Base of the Company; and
  3. General Corporate Purposes.

ARC Finance Rights Issue 2024 Documents

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Company Contact Information

Arc Finance Ltd
18, Rabindra Sarani
Poddar Court Gate No.4,
4th Floor, Room No. 3, Kolkata, 700001

Phone: 8910637014
Email: arcrightissue24.25@gmail.com
Website: http://www.arcfinance.in/index.html

ARC Finance Rights Issue 2024 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: info@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

ARC Finance Rights Issue 2024 Lead Manager(s)

Find ARC Finance Rights Issue 2024 Latest Update

ARC Finance Rights Issue 2024 FAQs

The ARC Finance Rights Issue 2024 opens on October 21, 2024, and closes on November 18, 2024.

ARC Finance Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateOctober 21, 2024
Issue Closing DateNovember 18, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

ARC Finance Rights Issue 2024 price is set at ₹1.2 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (October 10, 2024).

The record date for the ARC Finance Rights Issue 2024 is October 10, 2024.

The issue size of ARC Finance Rights Issue 2024 is of 403,960,000 equity shares at ₹1.2 per share aggregating upto ₹48.48 Crores.

The Letter of Offer for ARC Finance Rights Issue 2024 can be download here.

You can apply for ARC Finance Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for ARC Finance Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the ARC Finance Rights Issue 2024 available on the list.
  4. Click the Apply button next to the ARC Finance Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for ARC Finance Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select ARC Finance Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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