Asit C. Mehta Financial Services Limited Right Issue

₹49.88 Cr BSE 22 Dec 2023 – 4 Jan 2024

Closed Ratio: 133 : 200 BSE
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Issue Price
₹137.40
Face Value
₹10.00
Issue Size (Shares)
3,293,452
Issue Size (₹ Cr.)
₹49.88
📅 Right Issue Timetable
Last Date to Buy SharesThu, Dec 14, 2023
Record DateFri, Dec 15, 2023
Credit of Rights EntitlementsWed, Dec 20, 2023
Bid/Offer Opens OnFri, Dec 22, 2023
Issue Open DateFri, Dec 22, 2023
Renunciation Last DateMon, Jan 1, 2024
Bid/Offer Closes OnThu, Jan 4, 2024
Issue Close DateThu, Jan 4, 2024
Deemed Date of AllotmentWed, Jan 10, 2024
Credit DateFri, Dec 15, 2023
Listing DateSun, Dec 17, 2023
📋 Right Issue Details
Issue Size (Shares)3,293,452
Issue Size (Amount)₹49.88 Cr.
Issue Price₹137.40 per share
Face Value₹10.00 per share
Entitlement Ratio133 : 200
Listing AtBSE
Terms of PaymentFull amount of ₹ 151.44 per Unit shall be payable on Application
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income3,383.244,154.083,923.65
EBITDA
Net Worth
Reserves & Surplus1,647.922,220.963,991.65

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Conversion of loan of Cliqtrade Stock Brokers Private Limited.
2Repayment of outstanding loans of existing promoters Mrs. Deena Mehta and Mr. Asit Mehta.
3Repayment of Inter-corporate loans (Phase Holdings Private Limited, Midland Leisure and Entertainments Private Limited and Natural Hut Private Limited).
4Acquisition of shares of Omniscience Capital Advisors Private Limited.
5Acquisition of 2,48,350 Equity Shares of ACMIIL from Mr. Kirit Vora 6. General corporate expenses.
🏢 About the Company
Incorporated in 1984, Asit C Mehta provides advisory and consultancy services for fund mobilization, company restructuring and property rentals.

The Company is divided into four segments - Advisory and Consultancy, Investment Activities, Information Technology, and Stock Broking and Allied Services.

The services provided by the Company include retail services, institutional services, investment banking, digital marketing services, and ITeS services. The retail services consist of investment advisory and execution, financial planning, NRI Solutions, high net-worth individual solutions, and trade execution platform. The institutional services include equities, debt, and forex.

The Company also offers valuation services, such as employee stock ownership plan (ESOP) and asset valuations. Additionally, it helps companies in the banking, financial services, and insurance sectors to execute various business processes. The Company offers a variety of digital marketing campaigns.
📞 Company Contact
CompanyAsit C. Mehta Financial Services Limited
AddressPantomath Nucleus House
Saki Vihar Road
Andheri (East), Mumbai 400072.
Andheri, Maharashtra, 400072
Phone022 - 61325757
Emailinvestorgrievance@acmfsl.co.in
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd.
Phone022-49186000
Emailasitcmehta.rights@linkintime.co.in
WebsiteVisit ↗