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Banas Finance Ltd Right Issue

₹48.05 Cr BSE 13 May 2024 – 30 May 2024

Closed Ratio: 1 : 1 BSE
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Issue Price
₹10.00
Face Value
₹10.00
Issue Size (Shares)
48,046,232
Issue Size (₹ Cr.)
₹48.05
📅 Right Issue Timetable
Last Date to Buy SharesThu, Apr 25, 2024
Record DateFri, Apr 26, 2024
Credit of Rights EntitlementsMon, May 6, 2024
Bid/Offer Opens OnMon, May 13, 2024
Issue Open DateMon, May 13, 2024
Renunciation Last DateFri, May 17, 2024
Bid/Offer Closes OnThu, May 30, 2024
Issue Close DateThu, May 30, 2024
Deemed Date of AllotmentTue, Jun 11, 2024
Credit DateThu, Jun 13, 2024
Listing DateFri, Jun 14, 2024
📋 Right Issue Details
Issue Size (Shares)48,046,232
Issue Size (Amount)₹48.05 Cr.
Issue Price₹10.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 1
Listing AtBSE
Terms of PaymentThe Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income20.88100.8214.47
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
2General corporate purpose; and
3To meet Issue related expenses.
🏢 About the Company
Banas Finance Ltd. was founded in 1983 and is a non-banking finance company.

The company is engaged in the purchase, leasing, factoring, installment financing and leasing of all types of machinery and equipment, motor vehicles, motorboats, trawlers, launches, ships, vessels, helicopters, aircraft, motor vehicles, computers and other equipment.
📞 Company Contact
CompanyBanas Finance Ltd
AddressE-109, Crystal Plaza,
New Link Road,
Opp. Infinity Mall, Andheri (W) - 400 053
Andheri, Maharashtra, 400053
Phone+9152096140/41
Emailbanasfin@gmail.com
WebsiteVisit ↗
📝 Registrar
NamePurva Sharegistry (India) Pvt.Ltd.
Phone022-41343255
Emailnewissue@purvashare.com
WebsiteVisit ↗