Enbee Trade & Finance Rights Issue Details, Record Date, Issue Price, Subscription

  • 28-Nov-2024
  • 2 mins read
Enbee Trade & Finance Rights Issue

Enbee Trade & Finance Rights Issue Details, Record Date, Issue Price, Subscription

Enbee Trade & Finance Rights Issue details are released Enbee. Trade & Finance plans to issue 34,676,061 equity shares amounting to Rs 45.08 crores. Enbee Trade & Finance Rights issue price is Rs 13 per share, and the face value is Rs 10 per share.

Enbee Trade & Finance Rights Issue open date is December 10, 2024 and closes on December 30, 2024. Enbee Trade & Finance rights issue entitlement ratio is 121: 50, which is 121 Rights equity Shares for every 50 fully paid up equity shares.

The Enbee Trade & Finance Rights Issue record date is November 28, 2024. The last date to buy shares of Enbee Trade & Finance is November 27, 2024. Rights Issue subscription status will be available after the issue goes live.

Enbee Trade & Finance Rights Issue Allotment date is January 03, 2025, Credit date is January 10, 2025 and Listing date is January 14, 2025. The register for the Enbee Trade & Finance Rights Issue is Cameo Corporate Services Limited.

The book-running lead manager(s) are Saffron Capital Advisors Private Limited. The listing will be at BSE, and the terms of payment are the full amount payable on the application.

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Enbee Trade & Finance Rights Issue Details

Enbee Trade & Finance Rights Issue details, Enbee Trade & Finance plans to issue 34,676,061 equity shares amounting to Rs 45.08 crores. Enbee Trade & Finance Rights issue price is Rs 13 per share, and the face value is Rs 10 per share. The rights issue entitlement ratio is 121: 50, which is 121 Rights equity Shares for every 50 fully paid up equity shares.

Issue Open

December 10, 2024 - December 30, 2024

Security Name

Enbee Trade & Finance Ltd

Issue Size (Shares)

34,676,061

Issue Size (Amount)

Rs 45.08 Crores

Issue Price

Rs 13 per share

Face Value

Rs 10 per share

Listing At

BSE

Terms of Payment

Amount payable at the time of Application.

Entitlement

121 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date

Enbee Trade & Finance Rights Issue Dates

Enbee Trade & Finance Rights Issue open date is December 10, 2024 and closes on December 30, 2024. The Enbee Trade & Finance Rights Issue record date is November 28, 2024. The last date to buy shares of Enbee Trade & Finance is November 27, 2024.

Last Date to buy shares

November 27, 2024

Record Date

November 28, 2024

Credit of Rights Entitlements

Yet to be announced

Bid/Offer Opens On

December 10, 2024

Renunciation of Rights Entitlements

December 23, 2024

Bid/Offer Closes On

December 30, 2024

Deemed Date of Allotment

January 3, 2025

Credit Date

January 10, 2025

Listing Date

January 14, 2025

Enbee Trade & Finance Rights Issue Objectives

Enbee Trade & Finance Rights Issue objective is to utilize the net proceeds from the Issue for the following purposes: repayment of unsecured loans availed by the Company from its Promoter and Promoter Group, and augmentation of the Company’s capital base.

Enbee Trade & Finance Rights Issue Subscription

Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement are 121 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date, offer price is Rs 13 per share and terms of payment is amount payable at the time of application.

Enbee Trade & Finance Limited: About Company

Enbee Trade & Finance Limited, established on July 24, 1985, is a non-deposit accepting non-banking financial company (NBFC) based in India.

The company primarily engages in financing and investment activities, catering to various sectors within the financial industry. With a market capitalization of approximately ₹19 crore, Enbee Trade has demonstrated a commitment to conservative investment strategies and financial stability.

Under the leadership of Mr. Amarr Galla, the Managing Director, the firm has navigated economic fluctuations while focusing on sustainable growth. The company's performance metrics include a P/E ratio of 8.34 and a return on equity (ROE) of 6.96%, reflecting its operational efficiency and profitability in a competitive market landscape.

Enbee Trade & Finance Limited Financials (in crore)

Enbee Trade & Finance Limited reported a revenue of Rs 10.26 crore and profit after tax of Rs 1.56 crore. The company’s revenue increased by 110.68% and profit after tax increased by 1014.29% between the FY ending with March 31, 2024 and March 31, 2023.

Period Ended

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

64.21

36.93

22.35

Revenue

10.26

4.87

3.64

Profit After Tax

1.56

0.14

0.90

Net Worth

30.38

10.40

10.25

Reserves and Surplus

16.05

8.80

8.65

Total Borrowing

31.31

24.90

10.65

Enbee Trade & Finance Rights Issue Registrar

Enbee Trade & Finance Limited registrar is Cameo Corporate Services Limited. The book-running lead manager(s) are Saffron Capital Advisors Private Limited.

FAQs

1. What are the details of the Enbee Trade & Finance Rights Issue?

Enbee Trade & Finance Rights Issue details, Enbee Trade & Finance plans to issue 34,676,061 equity shares amounting to Rs 45.08 crores. Enbee Trade & Finance Rights issue price is Rs 13 per share, and the face value is Rs 10 per share. The rights issue entitlement ratio is 121:50, which is 121 Rights equity Shares for every 50 fully paid up equity shares.

2. Enbee Trade & Finance Rights Issue open and close date?

Enbee Trade & Finance Rights Issue open date is December 10, 2024 and closes on December 30, 2024. The Enbee Trade & Finance Rights Issue record date is November 28, 2024. The last date to buy shares of Enbee Trade & Finance is November 27, 2024.

3. How can I apply for the Enbee Trade & Finance Rights Issue?

You can apply for Enbee Trade & Finance in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

4. What is the entitlement ratio for the Enbee Trade & Finance Rights Issue?

Enbee Trade & Finance rights issue entitlement ratio is 121: 50, which is 121 Rights equity Shares for every 50 fully paid up equity shares.

5. How can I check the Enbee Trade & Finance Issue Allotment Status?

The registrar for this upcoming rights issue is Cameo Corporate Services Limited. Investors can check out the allotment by visiting the registrar's website.

6. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7. What is the listing date of the Enbee Trade & Finance Rights Issue?

Enbee Trade & Finance Rights Issue listing date is January 14, 2024 and will be listed on the BSE.

8. Who is the registrar and lead managers of Enbee Trade & Finance Rights Issue?

Enbee Trade & Finance Limited registrar is Cameo Corporate Services Limited. The book-running lead manager(s) are Saffron Capital Advisors Private Limited.

Also Read | What is a Rights Issue?


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