Mega Corporation Rights Issue Details, Record Date, Issue Price, Subscription

Mega Corporation Rights Issue details released, and Mega Corporation plans to issue 10,00,00,000 equity shares amounting to Rs 10 crores. Mega Corporation Rights issue price is Re 1 per share, and the face value is Re 1 per share.

Mega Corporation Rights Issue open date is January 7, 2025 and closes on January 17, 2025. Mega Corporation rights issue entitlement ratio is 1:1, which is 1 Rights equity Shares for every 1 fully paid-up equity shares.

The Mega Corporation Rights Issue record date is December 20, 2024. The last date to buy shares of Mega Corporation is December 19, 2024. Rights Issue subscription status will be available after the issue goes live.

Mega Corporation Rights Issue Allotment date, Credit date and Listing date have not yet been announced. However, the register for the Mega Corporation Rights Issue is Link Intime India Private.

Gujrat Natural Resources Rights Issue book-running lead manager is Narnolia Financial Services Limited. The listing will be at NSE.

Also Read | Dhanlaxmi Bank Rights Issue Details, Record Date, Issue Price, Subscription

Mega Corporation Rights Issue Details

Mega Corporation Rights Issue details: the company plans to issue 10,00,00,000 equity shares amounting to Rs 10 crores. Mega Corporation Rights issue price is Re 1 per share, and the face value is Re 1 per share. The rights issue entitlement ratio is 1:1, which is 1 Rights Equity Share for every 1 fully paid-up equity share.

Mega Corporation Rights Issue Dates

Mega Corporation Rights Issue open date is January 7, 2025 and closes on January 17, 2025. The Mega Corporation Rights Issue record date is December 20, 2024. The last date to buy shares of Mega Corporation is December 19, 2024.

Mega Corporation Rights Issue Objectives

Mega Corporation Rights Issue's objective is to utilise the net proceeds from the issue to augment the capital base and provide for the fund requirements for increasing the operational scale concerning the NBFC activities, and further funds will be utilised for general corporate purposes.

Mega Corporation Rights Issue Subscription

Mega Corporation rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement are 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date. The offer price is Re 1 per share.

Mega Corporation Limited: About the Company

Mega Corporation Limited, incorporated in 1985, is a non-banking financial company (NBFC) based in New Delhi, India. The company primarily engages in investment activities, providing loans, leasing, and financial services to various sectors.

Despite facing challenges such as low sales growth and return on equity, Mega Corporation has maintained its operations as a public entity under the classification of a non-government company.

With an authorised capital of Rs 40 crores and a paid-up capital of Rs 10 crores, it remains active in the financial market. The company's focus includes supporting urban and rural financing needs, contributing to its role in India's financial ecosystem. For more information, visit their corporate profile.

Mega Corporation Limited Financials (in crore)

Mega Corporation Limited reported a revenue of Rs 4.24 crore and a profit after tax of Rs 0.26 crore. The company's revenue increased by 33.90%, and Profit After Tax increased by 14.21% between the FY ending with March 31, 2024, and March 31, 2023.

Mega Corporation Rights Issue Registrar

Mega Corporation Limited registrar is Link Intime India Private. The book-running lead manager(s) on this rights issue is Narnolia Financial Services Limited.

Mega Corporation Rights Issue FAQs

1. What are the details of the Mega Corporation Rights Issue?

Mega Corporation Rights Issue details: Mega Corporation plans to issue 10,00,00,000 equity shares amounting to Rs 10 crores. Mega Corporation Rights issue price is Re 1 per share, and the face value is Re 1 per share. The rights issue entitlement ratio is 1:1, which is 1 Rights Equity Share for every 1 fully paid-up equity share.

2. Mega Corporation Rights Issue open date and close date?

Mega Corporation Rights Issue open date is January 7, 2024 and closes on January 17, 2024. The Mega Corporation Rights Issue record date is December 20, 2024. The last date to buy shares of Mega Corporation is December 19, 2024.

3. How can I apply for the Mega Corporation Rights Issue?

You can apply for Mega Corporation in two ways: one is Net Banking (ASBA), and the other is by visiting the Registrar's Website (R-WAP Facility).

4. What is the entitlement ratio for the Mega Corporation Rights Issue?

Mega Corporation' rights issue entitlement ratio is 1:1, which is 1 Rights Equity Shares for every 1 fully paid-up equity shares.

5. How can I check the Mega Corporation Issue Allotment Status?

The registrar for this upcoming rights issue is Link Intime India Private. Investors can check out the allotment by visiting the registrar's website.

6. From where can I get the Letter of Offer Mega Corporation Rights issue?

You can download the Mega Corporation Rights issue Letter of Offer by visiting here.

7. What is the listing date of the Mega Corporation Rights Issue?

The Mega Corporation Rights Issue listing date has not yet been announced. However, the listing will be at NSE.

8. Who is the registrar and lead managers of Mega Corporation Rights Issue?

Mega Corporation Limited registrar is Link Intime India Private. However, the book-running lead manager(s) on this rights issue is Narnolia Financial Services Limited.

Also Read | What is a Rights Issue?