Savani Financials Ltd Right Issue
Closed
Ratio: 7 : 1 BSE
| Last Date to Buy Shares | Wed, Apr 3, 2024 |
| Record Date | Thu, Apr 4, 2024 |
| Credit of Rights Entitlements | Tue, Apr 30, 2024 |
| Bid/Offer Opens On | Thu, May 2, 2024 |
| Issue Open Date | Thu, May 2, 2024 |
| Renunciation Last Date | Tue, May 7, 2024 |
| Bid/Offer Closes On | Fri, May 10, 2024 |
| Issue Close Date | Sat, May 18, 2024 |
| Deemed Date of Allotment | Sat, May 18, 2024 |
| Credit Date | Wed, May 22, 2024 |
| Listing Date | Fri, May 24, 2024 |
| Issue Size (Shares) | 28,285,714 |
| Issue Size (Amount) | ₹49.50 Cr. |
| Issue Price | ₹17.50 per share |
| Face Value | ₹10.00 per share |
| Entitlement Ratio | 7 : 1 |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.17.50 is to be paid as Rs.14/- per share on Application and Rs.3.50 per share on One or more subsequent Calls |
| Period Ended | 2023-12-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|
| Income | 0.09 | 0.11 | 0.11 |
| EBITDA | — | — | — |
| Net Worth | — | — | — |
| Reserves & Surplus | — | — | — |
Amount in ₹ Crore
| # | Object | Est. Amount (₹ Cr.) |
|---|---|---|
| 1 | To augment the capital base; | — |
| 2 | Repay the Unsecured loan along with interest of Rs. 1.98 lakhs to the Director post the completion of the Rights issue, a sum estimated at as of Rs. 91.98 Lakhs. | — |
| 3 | General Corporate Purposes | — |
| Company | Savani Financials Ltd |
| Address | 602, Samarth Vaibhav Co-op Hsg Society Ltd., , Off Link Road, Lokhandwala Complex, Andheri (W) Mumbai-400 053 Mumbai, Maharashtra, 400053 |
| Phone | 022-69454100 |
| info@savanifinancials.co.in | |
| Website | Visit ↗ |
| Name | Bigshare Services Pvt.Ltd. |
| Phone | 8657578989/8069219065/8069219060 |
| rightsissue@bigshareonline.com | |
| Website | Visit ↗ |