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Founded in 1985, Srestha Finvest Limited, formerly known as M.S. Investments Private Limited, is an India-based non-banking finance company.
The company's primary business is lending money against securities, movable and immovable properties, finance, hire purchase, and leasing. It involves finance, loans, investment, consultancy, and securities transactions.
As of June 2024, the company currently has 5 directors on its Board, one Non-executive Director, and Two Independent Director.
| Issue Open | July 4, 2024 - July 18, 2024 |
| Security Name | Srestha Finvest Ltd |
| Issue Size (Shares) | 240,000,000 |
| Issue Size (Amount) | ₹48.00 Crores |
| Issue Price | ₹2 per share |
| Face Value | ₹2 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.2/- payable on Application. |
| Entitlement | 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | June 21, 2024 |
| Record Date | June 24, 2024 |
| Credit of Rights Entitlements | July 12, 2024 |
| Bid/Offer Opens On | July 4, 2024 |
| Renunciation of Rights Entitlements | July 12, 2024 |
| Bid/Offer Closes On | July 18, 2024 |
| Deemed Date of Allotment | July 25, 2024 |
| Credit Date | August 1, 2024 |
| Listing Date | July 30, 2024 |
Srestha Finvest Ltd's revenue increased by 19.15% and profit after tax (PAT) dropped by -12181.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 91.99 | 25.97 | 46.48 |
| Revenue | 2.75 | 2.31 | 4.73 |
| Profit After Tax | -4.97 | -0.04 | -0.54 |
| Reserves and Surplus | -4.67 | 0.26 | 0.31 |
| Amount in ₹ Crore | |||
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
Srestha Finvest Rights Issue 2024 got oversubscribed by 1.09 times by the end of the bidding period with total bid quantity received by BSE of 262,309,993 shares.
9 2.3 Rating:  Vote Here ... |
Srestha Finvest Ltd
Door No.19&20, General Muthiah Mudali Street
Sowcarpet,
Chennai – 600003
Phone: 044-40057044
Email: srestha.info@gmail.com
Website: https://www.srestha.co.in/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Srestha Finvest Rights Issue 2024 opens on July 4, 2024, and closes on July 18, 2024.
Srestha Finvest Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | July 12, 2024 |
| Last Date for renunciation of Rights Entitlements | July 12, 2024 |
| Issue Opening Date | July 4, 2024 |
| Issue Closing Date | July 18, 2024 |
| Date of Allotment (on or about) | July 25, 2024 |
| Date of Credit (on or about) | August 1, 2024 |
| Date of Listing (on or about) | July 30, 2024 |
Srestha Finvest Rights Issue 2024 price is set at ₹2 per share per equity share.
The eligible shareholders are being offered 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date (June 24, 2024).
The record date for the Srestha Finvest Rights Issue 2024 is June 24, 2024.
The issue size of Srestha Finvest Rights Issue 2024 is of 240,000,000 equity shares at ₹2 per share aggregating upto ₹48.00 Crores.
The Letter of Offer for Srestha Finvest Rights Issue 2024 can be download here.
You can apply for Srestha Finvest Rights Issue 2024 in two ways:
Steps to apply for Srestha Finvest 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 Srestha Finvest Rights Issue 2024 using Registrar's website (R-WAP)
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