Avonmore Capital & Management Services Rights Issue Details, Record Date, Issue Price, Subscription

Avonmore Capital & Management Services Rights Issue details released, Avonmore Capital & Management Services plans to issue 48,656,708 equity shares amounting to Rs 48.66 crores. Avonmore Capital & Management Services Rights issue price is Rs 10 per share, and the face value is Rs 1 per share.

Avonmore Capital & Management Services Rights Issue open date is December 23, 2024 and closes on January 6, 2024. Avonmore Capital & Management Services rights issue entitlement ratio is 5:24, which is 5 Rights equity Shares for every 24 fully paid-up equity shares.

The Avonmore Capital & Management Services Rights Issue record date is December 12, 2024. The last date to buy shares of Avonmore Capital & Management Services is December 11, 2024. Rights Issue subscription status will be available after the issue goes live.

Avonmore Capital & Management Services Rights Issue Allotment date, Credit date and Listing date is not yet announced. However, the register for the Avonmore Capital & Management Services Rights Issue is Beetal Financial & Computer Services Private Limited.

Gujrat Natural Resources Rights Issue book-running lead manager is not yet disclosed. The listing will be at BSE, and the terms of payment are the full Issue Price must be paid at the time of application.

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Avonmore Capital & Management Services Rights Issue Details

Avonmore Capital & Management Services Rights Issue details: the company plan to issue 48,656,708 equity shares amounting to Rs 48.66 crores. Avonmore Capital & Management Services Rights issue price is Rs 10 per share, and the face value is Rs 10 per share. The rights issue entitlement ratio is 5:24, which is 5 Rights Equity Shares for every 24 fully paid-up equity shares.

Avonmore Capital & Management Services Rights Issue Dates

Avonmore Capital & Management Services Rights Issue open date is December 23, 2024 and closes on January 6, 2024. The Avonmore Capital & Management Services Rights Issue record date is December 12, 2024. The last date to buy shares of Avonmore Capital & Management Services is December 11, 2024.

Avonmore Capital & Management Services Rights Issue Objectives

Avonmore Capital & Management Services Rights Issue's objective is to utilize the net proceeds from the issue to make an investment in their subsidiary to meet issue-related expenses and to cover the rest for general corporate purposes.

Avonmore Capital & Management Services Rights Issue Subscription

Avonmore Capital & Management Services rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement are 5 Rights Equity Share(s) for every 24 fully paid-up Equity Shares held on Record Date, the offer price is Rs 10 per share, and terms of payment are the full Issue Price must be paid at the time of application.

Avonmore Capital & Management Services Limited: About the Company

Avonmore Capital & Management Services Limited, established in 1991, is a prominent non-banking financial company based in India. The company specializes in various financial services, including debt and equity market operations, wealth advisory, and consultancy.

Avonmore engages in trading securities and bonds, offering merchant banking, corporate advisory, and loan syndication services. Additionally, it provides real estate broking and healthcare management services, particularly in eye care.

With a market capitalization of approximately Rs 416 crores, Avonmore has shown resilience despite challenges, reporting a net income of Rs 308.76 million. The firm is publicly listed on the Delhi and Bombay Stock Exchanges, reflecting its commitment to transparency and growth in the competitive financial sector.

Avonmore Capital & Management Services Limited Financials (in crore)

Avonmore Capital & Management Services Limited reported a revenue of Rs 126.99 crore and a profit after tax of Rs 20.08 crore. The company's revenue decreased by -40.88% and Profit After Tax fell by -85.52% between the FY ending with March 31, 2024 and March 31, 2023.

Avonmore Capital & Management Services Rights Issue Registrar

Avonmore Capital & Management Services Limited registrar is Beetal Financial & Computer Services Private Limited. The book-running lead manager(s) on this rights issue has also not yet been disclosed.

FAQs

1.       What are the details of the Avonmore Capital & Management Services Rights Issue?

Avonmore Capital & Management Services Rights Issue details: Avonmore Capital & Management Services plans to issue 48,656,708 equity shares amounting to Rs 48.66 crores. Avonmore Capital & Management Services Rights issue price is Rs 10 per share, and the face value is Rs 10 per share. The rights issue entitlement ratio is 5:24, which is 5 Rights Equity Shares for every 24 fully paid-up equity shares.

2.       Avonmore Capital & Management Services Rights Issue open date and close date?

Avonmore Capital & Management Services Rights Issue open date is December 23, 2024 and closes on January 6, 2024. The Avonmore Capital & Management Services Rights Issue record date is December 12, 2024. The last date to buy shares of Avonmore Capital & Management Services is December 11, 2024.

3.       How can I apply for the Avonmore Capital & Management Services Rights Issue?

You can apply for Avonmore Capital & Management Services 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 Avonmore Capital & Management Services Rights Issue?

Avonmore Capital & Management Services' rights issue entitlement ratio is 5:24, which is 5 Rights Equity Shares for every 24 fully paid-up equity shares.

5.       How can I check the Avonmore Capital & Management Services Issue Allotment Status?

The registrar for this upcoming rights issue is Beetal Financial & Computer Services Private Limited. Investors can check out the allotment by visiting the registrar's website.

6.       From where can I get the Letter of Offer Avonmore Capital & Management Services Rights issue?

You can download the Avonmore Capital & Management Services Rights issue Letter of Offer by visiting here.

7.       What is the listing date of the Avonmore Capital & Management Services Rights Issue?

The Avonmore Capital & Management Services Rights Issue listing date has not yet been announced, however the listing will be at BSE.

8.       Who is the registrar and lead managers of Avonmore Capital & Management Services Rights Issue?

Avonmore Capital & Management Services Limited registrar is Beetal Financial & Computer Services Private Limited. Whereas, the book-running lead manager(s) of this rights issue is also not yet disclosed.

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