29-Jan-2024
2 mins read
Mangalam Industrial Finance Limited is coming up with its right issue which will open on February 12, 2024 and closes on February 26, 2024. However, the record date is set at January 29, 2024. The issue size is of 123,892,721 equity shares and price is set at Rs 3.95 per share. The eligible shareholders are being offered 21 Rights Equity shares for every 163 fully paid up equity shares held on a record date. Through this issue the company is planning to raise Rs 48.94 crores.
About Mangalam Industrial Finance Limited Profile
Mangalam Industrial Finance Limited is a non-banking financial company (NBFC) engaged in a business of providing financial solutions and services. Company is incorporated in 1983 and got registered with RBI. The vision of the company is to become one of the most respected financial services firm through innovative products enabling wealth for all stakeholders. Mangalam Industrial Finance offers loans for land, machinery and sheds. From which it earned revenue from the interest, fees and commissions.
Financial Performance of Mangalam Industrial Finance Limited
Company’s revenue increased by 432.01% but profit after tax dropped by -474.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 28.66 | 34.71 | 32.3 |
| Revenue | 6.22 | 1.17 | 2.05 |
| Profit After Tax | -5.01 | 1.34 | 0.67 |
| Net Worth | |||
| Amt in crores |
Important Dates for Mangalam Industrial Finance Limited Rights Issue
| Issue Open | February 12, 2024 – February 26, 2024 |
| Security Name | Mangalam Industrial Finance Limited |
| Issue Size (Shares) | 123,892,721 |
| Issue Size (Amount) | Rs 48.94 Crores |
| Issue Price | Rs 3.95 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs 3.95 is payable on Application. |
| Entitlement | 21 Rights Equity Shares for every 163 fully paid-up Equity Shares held on Record Date |
Timetable of Mangalam Industrial Finance Limited Rights Issue
| Last Date to buy shares | 25-Jan-24 |
| Record Date | 29-Jan-24 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 12-Feb-24 |
| Renunciation of Rights Entitlements | 20-Feb-24 |
| Bid/Offer Closes On | 26-Feb-24 |
| Deemed Date of Allotment | Not announced yet |
| Credit Date | Not announced yet |
| Listing Date | Not announced yet |
The Objectives of Mangalam Industrial Finance Limited Rights Issue
The main objective of the right issue is to raise funds for the business purposes. Also the right issue will help the existing shareholders to get the extra shares by investing a small amount of money decided by the company. Company is offering shares at a discounting price as compared to the market. However, the other objectives are yet to be announced.
How to Apply for Mangalam Industrial Finance Limited Rights Issue?
Wait for the public issue to open for subscription, then click on this link to apply for the Mangalam Industrial Finance Limited Rights Issue with Bigul https://www.bonanzaonline.com/
How to Check Allotment Status of Mangalam Industrial Finance Limited Rights Issue?
The registrar for Mangalam Industrial Finance Limited Rights Issue is Karvy or Link Intime.
FAQs
- What is the Mangalam Industrial Finance Limited Rights Issue?
Mangalam Industrial Finance Limited is coming up with its right issue which will open on February 12, 2024 and closes on February 26, 2024. The issue size is of 123,892,721 equity shares and price is set at Rs 3.95 per share. However, the record date is set at January 29, 2024. Through this issue the company is planning to raise Rs 48.94 crores.
- When does the Rights Issue open and close?
The Rights Issue opens for subscription on February 12, 2024 and closes on February 26, 2024.
- How can I apply for the Mangalam Industrial Finance Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just visit this link to apply with Bigul: https://www.bonanzaonline.com/.
- How can I check the allotment status of the Mangalam Industrial Finance Limited Issue?
The registrar for this right issue is Karvy or Link Intime. You can check the allotment by visiting their website.
- What is the objective of Mangalam Industrial Finance Limited Rights Issue?
The main objective of the right issue is to raise funds for the business purposes. Also the right issue will help the existing shareholders to get the extra shares by investing a small amount of money decided by the company.
- What is the record date for the Mangalam Industrial Finance Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for January 29, 2024.
- Where will the Mangalam Industrial Finance Limited Right Issue be listed?
The Rights Issue will be listed on the BSE (Bombay Stock Exchange).
- What is the entitlement ratio for the Mangalam Industrial Finance Limited Right Issue?
The entitlement ratio is set at 21 Rights Equity Shares for every 163 fully paid-up Equity Shares held on record date.