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Banas Finance Limited is a Non-Banking Finance Company. The company is engaged in the business of purchasing, leasing, factoring, financing hire-purchase, and leasing all kinds of plants and machinery, motor vehicles, motor boats, trawlers, launches, ships, vessels, helicopters, aircraft, automobiles and computers.
| Issue Open | July 5, 2022 - July 19, 2022 |
| Security Name | Banas Finance Limited |
| Issue Size (Shares) | 24,622,781 |
| Issue Size (Amount) | ₹49.25 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of Rs 20 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 24 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the Record Date |
| Record Date | June 24, 2022 |
| Credit of Rights Entitlements | July 4, 2022 |
| Bid/Offer Opens On | July 5, 2022 |
| Renunciation of Rights Entitlements | July 14, 2022 |
| Bid/Offer Closes On | July 19, 2022 |
| Deemed Date of Allotment | July 28, 2022 |
| Credit Date | August 1, 2022 |
| Listing Date | August 2, 2022 |
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | ||
| Total Assets | 18,808.10 | 10,426.92 | |
| Total Income | 10,094.86 | 1,446.99 | |
| Profit After Tax | 6,917.79 | 1,165.91 | |
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.
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Banas Finance Limited
E-109, Crystal Plaza,
New Link Road, Opp. Infinity Mall,
Andheri (West), Mumbai – 400053
Phone: 9152096140/41
Email: banasfin@gmail.com
Website: https://banasfinance.wordpress.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Banas Finance Rights Issue 2022 opens on July 5, 2022, and closes on July 19, 2022.
Banas Finance Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | July 4, 2022 |
| Last Date for renunciation of Rights Entitlements | July 14, 2022 |
| Issue Opening Date | July 5, 2022 |
| Issue Closing Date | July 19, 2022 |
| Date of Allotment (on or about) | July 28, 2022 |
| Date of Credit (on or about) | August 1, 2022 |
| Date of Listing (on or about) | August 2, 2022 |
Banas Finance Rights Issue 2022 price is set at ₹20 per share per equity share.
The eligible shareholders are being offered 24 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the Record Date (June 24, 2022).
The record date for the Banas Finance Rights Issue 2022 is June 24, 2022.
The issue size of Banas Finance Rights Issue 2022 is of 24,622,781 equity shares at ₹20 per share aggregating upto ₹49.25 Crores.
The Letter of Offer for Banas Finance Rights Issue 2022 can be download here.
You can apply for Banas Finance Rights Issue 2022 in two ways:
Steps to apply for Banas Finance Rights Issue 2022 using Net Banking (ASBA)
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 Banas Finance Rights Issue 2022 using Registrar's website (R-WAP)
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