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Asit C. Mehta Financial Services Limited Rights Issue (Asit C. Mehta Rights Issue 2023) Detail

December 22, 2023 - January 4, 2024
Asit C. Mehta Financial Services Limited Logo

Incorporated in 1984, Asit C Mehta provides advisory and consultancy services for fund mobilization, company restructuring and property rentals.

The Company is divided into four segments - Advisory and Consultancy, Investment Activities, Information Technology, and Stock Broking and Allied Services.

The services provided by the Company include retail services, institutional services, investment banking, digital marketing services, and ITeS services. The retail services consist of investment advisory and execution, financial planning, NRI Solutions, high net-worth individual solutions, and trade execution platform. The institutional services include equities, debt, and forex.

The Company also offers valuation services, such as employee stock ownership plan (ESOP) and asset valuations. Additionally, it helps companies in the banking, financial services, and insurance sectors to execute various business processes. The Company offers a variety of digital marketing campaigns.

Asit C. Mehta Rights Issue 2023 Detail

Issue Open December 22, 2023 - January 4, 2024
Security Name Asit C. Mehta Financial Services Limited
Issue Size (Shares) 3,293,452
Issue Size (Amount) ₹49.88 Crores
Issue Price ₹137.4 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Full amount of ₹ 151.44 per Unit shall be payable on Application

Entitlement 133 Rights Equity Share(s) for every 200 fully paid-up Equity Shares held on Record Date

Asit C. Mehta Rights Issue 2023 Issue Timetable

Last Date to buy sharesDecember 14, 2023
Record Date December 15, 2023
Credit of Rights Entitlements December 20, 2023
Bid/Offer Opens On December 22, 2023
Renunciation of Rights Entitlements January 1, 2024
Bid/Offer Closes On January 4, 2024
Deemed Date of Allotment January 10, 2024
Credit Date December 15, 2023
Listing Date December 17, 2023

Company Financials

Asit C. Mehta Financial Services Limited Financial Information (Restated Consolidated)

Asit C. Mehta Financial Services Limited's revenue decreased by -18.56% and profit after tax (PAT) dropped by -736.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,929.1817,033.6215,963.42
Revenue3,383.244,154.083,923.65
Profit After Tax-931.25146.33225.69
Net Worth
Reserves and Surplus1,647.922,220.963,991.65
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding the following Objects:

  1. Conversion of loan of Cliqtrade Stock Brokers Private Limited.
  2. Repayment of outstanding loans of existing promoters Mrs. Deena Mehta and Mr. Asit Mehta.
  3. Repayment of Inter-corporate loans (Phase Holdings Private Limited, Midland Leisure and Entertainments Private Limited and Natural Hut Private Limited).
  4. Acquisition of shares of Omniscience Capital Advisors Private Limited.
  5. Acquisition of 2,48,350 Equity Shares of ACMIIL from Mr. Kirit Vora 6. General corporate expenses.

Asit C. Mehta Rights Issue 2023 Subscription Status

Asit C. Mehta Rights Issue 2023 got subscribed by 0.58 times by the end of the bidding period with total bid quantity received by BSE of 1,896,077 shares.

Asit C. Mehta Rights Issue 2023 Documents

Asit C. Mehta Rights Issue 2023 Rating

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Asit C. Mehta Rights Issue 2023 Reviews

Company Contact Information

Asit C. Mehta Financial Services Limited
Pantomath Nucleus House
Saki Vihar Road
Andheri (East), Mumbai 400072.

Phone: 022 - 61325757
Email: investorgrievance@acmfsl.co.in
Website: https://www.acmfsl.com/

Asit C. Mehta Rights Issue 2023 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: asitcmehta.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Asit C. Mehta Rights Issue 2023 Lead Manager(s)

Asit C. Mehta Rights Issue 2023 FAQs

The Asit C. Mehta Rights Issue 2023 opens on December 22, 2023, and closes on January 4, 2024.

Asit C. Mehta Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsDecember 20, 2023
Last Date for renunciation of Rights EntitlementsJanuary 1, 2024
Issue Opening DateDecember 22, 2023
Issue Closing DateJanuary 4, 2024
Date of Allotment (on or about)January 10, 2024
Date of Credit (on or about)December 15, 2023
Date of Listing (on or about)December 17, 2023

Asit C. Mehta Rights Issue 2023 price is set at ₹137.4 per share per equity share.

The eligible shareholders are being offered 133 Rights Equity Share(s) for every 200 fully paid-up Equity Shares held on Record Date (December 15, 2023).

The record date for the Asit C. Mehta Rights Issue 2023 is December 15, 2023.

The issue size of Asit C. Mehta Rights Issue 2023 is of 3,293,452 equity shares at ₹137.4 per share aggregating upto ₹49.88 Crores.

The Letter of Offer for Asit C. Mehta Rights Issue 2023 can be download here.

You can apply for Asit C. Mehta Rights Issue 2023 in two ways:

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

Steps to apply for Asit C. Mehta Rights Issue 2023 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 Asit C. Mehta Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Asit C. Mehta Rights Issue 2023.
  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 Asit C. Mehta Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Asit C. Mehta Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. R.A.     Link|December 29, 2023 6:42:24 PM
@admin could you please update all financial data for this company.
1. Ajay Patel     Link|December 15, 2023 11:00:13 AM
Totally wrong information for financial data above compared to screener.in , current share price not updated

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