Dhanlaxmi Bank Rights Issue Details, Record Date, Issue Price, Subscription

Dhanlaxmi Bank Rights Issue details are released. The bank plans to issue 14,16,86, 767 equity shares amounting to Rs 297.54 crores. Dhanlaxmi Bank Rights issue price is Rs 21 per share, and the face value is Rs 10 per share.

Dhanlaxmi Bank Rights Issue open date is January 8, 2025 and closes on January 28, 2025. Dhanlaxmi Bank rights issue entitlement ratio is 14: 25, which is 14 Rights equity Shares for every 25 fully paid up equity shares.

The Dhanlaxmi Bank Rights Issue record date is December 27, 2024. The last date to buy shares of Dhanlaxmi Bank is December 26, 2024. Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon. 

Dhanlaxmi Bank Rights Issue Allotment date, Credit Date and Listing Date is yet to be announced. The register for the Dhanlaxmi Bank Rights Issue is yet to be announced. 

The book-running lead managers are yet to be announced. The listing will be at BSE, NSE and the terms of payment are the full amount payable on the application.

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Dhanlaxmi Bank Rights Issue Details 

Dhanlaxmi Bank Rights Issue details, Dhanlaxmi Bank plans to issue 14,16,86, 767 equity shares amounting to Rs 297.54 crores. Dhanlaxmi Bank Rights issue price is Rs 297.54 per share, and the face value is Rs 10 per share. The rights issue entitlement ratio is 14: 25, which is 14 Rights equity Shares for every 25 fully paid up equity shares.

Dhanlaxmi Bank Rights Issue Dates

Dhanlaxmi Bank Rights Issue open date is Jan 8, 2025 and closes on Jan 28, 2025. The Dhanlaxmi Bank Rights Issue record date is December 27, 2024. The last date to buy shares of Dhanlaxmi Bank is December 26, 2024.

Dhanlaxmi Bank Rights Issue Objectives 

Dhanlaxmi Bank Rights Issue objective is to raise funds from the existing shareholders. The funds received from this issue will be utilised for the repayment of the past borrowings taken by the company. The remaining money will be used for general corporate purposes.  

Dhanlaxmi Bank Rights Issue Subscription Status 

Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon. 

Dhanlaxmi Bank Limited: About Company

Dhanlaxmi Bank established in 1927, is an Indian bank offering various banking and financial services. A group of entrepreneurs in Thrissur, Kerala, founded the bank. It has since become a scheduled commercial bank with a presence across India.

The bank offers a diverse range of banking and financial services including personal banking, corporate banking, SME financing and NRI services. Dhanlaxmi Bank is known for its customer centric approach. They provide products such as saving accounts, loans, credit cards and insurance. 

The bank has emphasized digital banking to reach modern customers. Its commitment to innovation and personalised service has positioned it as a trusted name in the banking industry.

Dhanlaxmi Bank Limited Financials (in crore)

Dhanlaxmi Bank Limited reported a revenue of Rs 43, 581 crore and net loss of Rs -1,878 crore. The company’s revenue increased by -19% and profit after tax dropped by -94047% between the FY ending with March 31, 2024 and March 31, 2023.

Dhanlaxmi Bank Rights Issue Registrar  

Dhanlaxmi Bank Limited registrar is yet to be announced. The book-running lead managers are also yet to be announced.  

Dhanlaxmi Bank Rights Issue FAQs

1. What are the details of the Dhanlaxmi Bank Rights Issue?

Dhanlaxmi Bank Rights Issue details are released. The bank plans to issue 14,16,86, 767 equity shares amounting to Rs 297.54 crores. Dhanlaxmi Bank Rights issue price is Rs 21 per share, and the face value is Rs 10 per share.

2. Dhanlaxmi Bank Rights Issue open and close date?

Dhanlaxmi Bank Rights Issue open date is January 8, 2025 and closes on January 28, 2025. Dhanlaxmi Bank rights issue entitlement ratio is 14: 25, which is 14 Rights equity Shares for every 25 fully paid up equity shares. 

3. How can I apply for the Dhanlaxmi Bank Rights Issue? 

You can apply for the Rights Issue once it opens for a subscription. Just visit the registrar's website to apply for the rights issue online.  

4. What is the entitlement ratio for the Dhanlaxmi Bank Right Issue?  

Dhanlaxmi Bank rights issue entitlement ratio is 14: 25, which is 14 Rights equity Shares for every 25 fully paid up equity shares.  

5. How can I check the Dhanlaxmi Bank Issue Allotment Status? 

The registrar for this upcoming rights issue is not yet announced. Investors can check out the allotment by visiting the registrar's website.  

6. What is the Dhanlaxmi Bank Rights Issue record date?

The Dhanlaxmi Bank Rights Issue record date is December 27, 2024. The last date to buy shares of Dhanlaxmi Bank is December 26, 2024. 

7. What is the listing date of the Dhanlaxmi Bank Right Issue ? 

Dhanlaxmi Bank Rights Issue listing date is yet to be announced.

8. Who is the registrar and lead managers of Dhanlaxmi Bank Right Issue?  

Dhanlaxmi Bank Limited registrar and lead managers details are yet to be announced.

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