Dhanlaxmi Bank Limited Right Issue

₹297.54 Cr BSE, NSE 8 Jan 2025 – 28 Jan 2025

Closed Ratio: 14 : 25 BSE, NSE
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Issue Price
₹21.00
Face Value
₹10.00
Issue Size (Shares)
141,686,767
Issue Size (₹ Cr.)
₹297.54
📅 Right Issue Timetable
Last Date to Buy SharesThu, Dec 26, 2024
Record DateFri, Dec 27, 2024
Credit of Rights EntitlementsTue, Jan 7, 2025
Bid/Offer Opens OnWed, Jan 8, 2025
Issue Open DateWed, Jan 8, 2025
Renunciation Last DateThu, Jan 23, 2025
Bid/Offer Closes OnTue, Jan 28, 2025
Issue Close DateTue, Jan 28, 2025
Deemed Date of AllotmentTue, Feb 4, 2025
Credit DateWed, Feb 5, 2025
Listing DateMon, Feb 10, 2025
📋 Right Issue Details
Issue Size (Shares)141,686,767
Issue Size (Amount)₹297.54 Cr.
Issue Price₹21.00 per share
Face Value₹10.00 per share
Entitlement Ratio14 : 25
Listing AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being Rs. 21.00 will be payable on application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income1,359.551,145.751,085.76
EBITDA
Net Worth810.90722.82
Reserves & Surplus776.75708.14646.99

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To strengthen its Bank’s Tier-I capital base to meet their capital requirements which are expected to increase out of growth in their assets, primarily loans/advances and investment portfolio
2To ensure compliance with Basel III regulations and/or other RBI guidelines.
🏢 About the Company
Incorporated in 1927, Dhanlaxmi Bank Limited is an Indian bank offering various banking and financial services.

The company offers a wide range of products and services for individuals, non-individuals, and corporate customers, including loans, deposits, working capital finance, and support for priority sectors like agriculture and education.

As of September 30, 2024, the company operates 560 customer outlets, including 17 business correspondents, 261 branches, and 282 ATMs across 14 states and two union territories.

As part of retail banking, the company offers personal loans including home loans, gold loans, vehicle loans, education loans, loan against property, lease rental discounting, and business loans to retail customers.

As of September 30, 2024, the company had a total of 1,724 employees, including 1,719 regular employees and 5 contractual employees.
📞 Company Contact
CompanyDhanlaxmi Bank Limited
AddressDhanlaxmi Building
Naickanal
Thrissur-680001
Thrissur, Kerala, 680001
Phone914872383083
Emailcustomercare@dhanbank.co.in
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd
Phone040-79615565
Emaildhanlaxmi.rights@kfintech.com
WebsiteVisit ↗