Srestha Finvest Limited's Rights Issue: Read in Details Before Applying

Srestha Finvest Limited came up with the rights issue. The company issued a total of 240,000,000 Equity shares with a decided issue price of Rs 2 per share, a total amounting to Rs 48 Crores. Meanwhile, the face value is reported as Rs 2 per share. Investors who currently do not hold shares of Srestha Finvest Limited have the opportunity to purchase shares until June 21, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is June 24, 2024. However, the company has not yet disclosed the registrar for this rights issue. If we look at the entitlement ratio, it is reported that 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date.

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About Srestha Finvest Limited

Srestha Finvest Limited, a non-banking financial company (NBFC) based in India, focuses on providing a variety of financial services. The company's core operations revolve around lending money secured against both movable and immovable properties. They also offer financing options such as hire purchase and leasing arrangements. Additionally, Srestha Finvest Limited engages in activities related to loans, investments, and financial consultancy. Their services extend to transactions involving securities, showcasing a comprehensive approach to finance and investment solutions. This diversified portfolio positions the company as a significant player in the Indian financial sector.

Financial Performance of Srestha Finvest Limited (Amt in Rs Crore)

Between March 31, 2022, and March 31, 2023, the company's assets increased from Rs 25.97 Crore to Rs 91.99 Crore. Revenue saw a modest growth from Rs 2.31 Crore to Rs 2.75 Crore during this period. However, the company's financial performance declined, with Profit After Tax dropping from a small loss of Rs 0.04 Crore to a substantial loss of Rs 4.97 Crore.

Important Dates for Srestha Finvest Rights Issue

Timetable of Srestha Finvest Rights Issue

Lead manager(s), Registrar of IPO & Letter of Offer

The lead manager and the registrar for the rights issue have not yet been disclosed by the firm. Once the firm has disclosed its registrar, you can check your allotment status by visiting here. Srestha Finvest hasn’t yet released a Letter of Offer.

FAQs

1.   What are the important dates for Srestha Finvest 's rights issue?

The important dates include the opening & closing dates of the rights issue, which has not yet been announced by the company.

2.  What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Srestha Finvest limited, an investor can buy its shares till June 21, 2024.

3.  What is the record date for the Srestha Finvest Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is June 24, 2024. 

4.  What are Srestha Finvest Limited's recent financials?

Between March 31, 2022, and March 31, 2023, the company's assets increased from Rs 25.97 Crore to Rs 91.99 Crore. Revenue saw a modest growth from Rs 2.31 Crore to Rs 2.75 Crore during this period. However, the company's financial performance declined with Profit After Tax dropping from a small loss of Rs 0.04 Crore to a substantial loss of Rs 4.97 Crore.

5.  How can I apply for the Srestha Finvest Limited Rights Issue?

You can apply for Srestha Finvest Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility), you can check your allotment status by visiting the registrar’s website.

6.  How can I check the allotment status of the Srestha Finvest Issue?

The registrar for this rights issue is not yet disclosed, once it is announced you can check your allotment status by visiting here.

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

You can download the Letter of Offer by visiting here, once it is announced.

8.  Where will the Srestha Finvest Rights Issue be listed?

The Rights Issue will be listed on the BSE.

9.  What is the entitlement ratio for the Srestha Finvest Limited Rights Issue?

The entitlement ratio is set at 12 Rights Equity Shares for every 29 fully paid-up equity shares held on the record date.

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