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B.N. Rathi Securities Limited Rights Issue (BN Rathi Rights Issue) Detail

January 3, 2022 - January 17, 2022
B.N. Rathi Securities Limited Logo

Based out of Telangana, B.N. Rathi Securities Limited is a financial services company that offers financial products and services to customers. The company provides innovative product offerings including paperless account opening, advanced technological solutions, robo-advisory services, etc. The company's financial services include: (i) Equity Brokerage, (ii) Depository Services, (iii) Currency Trading, (iv) Commodities Brokerage.

As of September 30, 2021, the company had 4 branches and 400 business associates across the states of Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Rajasthan, and Gujarat having over 45,803 retail clients.

BN Rathi Rights Issue Detail

Issue Open January 3, 2022 - January 17, 2022
Security Name B.N. Rathi Securities Limited
Issue Size (Shares) 3,360,000
Issue Size (Amount) ₹7.39 Crores
Issue Price ₹22 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The entire amount of the issue price of Rs 22/- per rights equity share shall be payable at the time of application.
Entitlement 2 rights equity share for every 3 fully paid-up equity shares held on the record date

BN Rathi Rights Issue Issue Timetable

Record Date December 17, 2021
Credit of Rights Entitlements December 30, 2021
Bid/Offer Opens On January 3, 2022
Renunciation of Rights Entitlements January 11, 2022
Bid/Offer Closes On January 17, 2022
Deemed Date of Allotment January 21, 2022
Credit Date January 24, 2022
Listing Date January 25, 2022

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 1,145.07 584.35
Total Income 323.12 255.33
Profit After Tax 34.53 17.45

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:

  • To enhance the margin money maintained with the exchanges
  • Meet expenses of the Issue, and
  • General corporate purpose

BN Rathi Rights Issue Documents

BN Rathi Rights Issue Rating

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BN Rathi Rights Issue Reviews

Company Contact Information

B.N. Rathi Securities Limited
6-3-652, Fourth Floor,
Kautilya Amrutha Estates,
Somajiguda Hyderabad Telengana, 500082 India

Phone: +91 40 4052 7777
Email: investorgrievances@bnrsecurities.com
Website: https://www.bnrsecurities.com/

BN Rathi Rights Issue Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: einward.ris@karvy.com
    Website: https://kosmic.kfintech.com/ipostatus/

BN Rathi Rights Issue Lead Manager(s)

BN Rathi Rights Issue FAQs

The BN Rathi Rights Issue opens on January 3, 2022, and closes on January 17, 2022.

BN Rathi Rights Issue Schedule

Last Date for credit of Rights EntitlementsDecember 30, 2021
Last Date for renunciation of Rights EntitlementsJanuary 11, 2022
Issue Opening DateJanuary 3, 2022
Issue Closing DateJanuary 17, 2022
Date of Allotment (on or about)January 21, 2022
Date of Credit (on or about)January 24, 2022
Date of Listing (on or about)January 25, 2022

BN Rathi Rights Issue price is set at ₹22 per share per equity share.

The eligible shareholders are being offered 2 rights equity share for every 3 fully paid-up equity shares held on the record date (December 17, 2021).

The record date for the BN Rathi Rights Issue is December 17, 2021.

The issue size of BN Rathi Rights Issue is of 3,360,000 equity shares at ₹22 per share aggregating upto ₹7.39 Crores.

The Letter of Offer for BN Rathi Rights Issue can be download here.

You can apply for BN Rathi Rights Issue in two ways:

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

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

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

1 Comments

1. Parag Mane     Link|January 15, 2022 12:42:41 PM
Where to send the form once its filled properly

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