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Incorporated in December 1983, Savani Financials Limited is Non-Banking Financial Services Company that provides financial services.
| Issue Open | May 2, 2024 - May 10, 2024 |
| Security Name | Savani Financials Ltd. |
| Issue Size (Shares) | 28,285,714 |
| Issue Size (Amount) | ₹49.50 Crores |
| Issue Price | ₹17.5 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.17.50 is to be paid as Rs.14/- per share on Application and Rs.3.50 per share on One or more subsequent Calls |
| Entitlement | 7 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | April 3, 2024 |
| Record Date | April 4, 2024 |
| Credit of Rights Entitlements | April 30, 2024 |
| Bid/Offer Opens On | May 2, 2024 |
| Renunciation of Rights Entitlements | May 7, 2024 |
| Bid/Offer Closes On | May 10, 2024 |
| Deemed Date of Allotment | May 18, 2024 |
| Credit Date | May 22, 2024 |
| Listing Date | May 24, 2024 |
Savani Financials Ltd.'s revenue decreased by -2.63% and profit after tax (PAT) dropped by -587.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2.14 | 2.13 | 2.19 | 2.18 |
| Revenue | 0.09 | 0.11 | 0.11 | 0.13 |
| Profit After Tax | -1.12 | -0.07 | 0.02 | 0.05 |
| Amount in ₹ Crore | ||||
The Net Proceeds from the Issue are proposed to be utilised by our Company for the following objects
Savani Financials Limited Rights Issue 2024 got oversubscribed by 1.16 times by the end of the bidding period with total bid quantity received by BSE of 32,722,801 shares.
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Savani Financials Ltd.
602, Samarth Vaibhav Co-op Hsg Society Ltd.,
, Off Link Road, Lokhandwala Complex, Andheri (W)
Mumbai-400 053
Phone: 022-69454100
Email: info@savanifinancials.co.in
Website: http://savanifinancials.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Savani Financials Limited Rights Issue 2024 opens on May 2, 2024, and closes on May 10, 2024.
Savani Financials Limited Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | April 30, 2024 |
| Last Date for renunciation of Rights Entitlements | May 7, 2024 |
| Issue Opening Date | May 2, 2024 |
| Issue Closing Date | May 10, 2024 |
| Date of Allotment (on or about) | May 18, 2024 |
| Date of Credit (on or about) | May 22, 2024 |
| Date of Listing (on or about) | May 24, 2024 |
Savani Financials Limited Rights Issue 2024 price is set at ₹17.5 per share per equity share.
The eligible shareholders are being offered 7 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (April 4, 2024).
The record date for the Savani Financials Limited Rights Issue 2024 is April 4, 2024.
The issue size of Savani Financials Limited Rights Issue 2024 is of 28,285,714 equity shares at ₹17.5 per share aggregating upto ₹49.50 Crores.
The Letter of Offer for Savani Financials Limited Rights Issue 2024 can be download here.
You can apply for Savani Financials Limited Rights Issue 2024 in two ways:
Steps to apply for Savani Financials Limited Rights Issue 2024 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 Savani Financials Limited Rights Issue 2024 using Registrar's website (R-WAP)
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