Maha Rashtra Apex Corporation Limited Right Issue

₹14.09 Cr BSE, NSE 2 Apr 2026 – 30 Apr 2026

Closed Ratio: 1 : 1 BSE, NSE
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Issue Price
₹10.00
Face Value
₹10.00
Issue Size (Shares)
14,091,896
Issue Size (₹ Cr.)
₹14.09
📅 Right Issue Timetable
Last Date to Buy SharesThu, Mar 19, 2026
Record DateFri, Mar 20, 2026
Credit of Rights EntitlementsMon, Mar 23, 2026
Bid/Offer Opens OnThu, Apr 2, 2026
Issue Open DateThu, Apr 2, 2026
Renunciation Last DateWed, Apr 29, 2026
Bid/Offer Closes OnThu, Apr 30, 2026
Issue Close DateThu, Apr 30, 2026
Deemed Date of AllotmentMon, May 4, 2026
Credit DateTue, May 5, 2026
Listing DateWed, May 6, 2026
📋 Right Issue Details
Issue Size (Shares)14,091,896
Issue Size (Amount)₹14.09 Cr.
Issue Price₹10.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 1
Listing AtBSE, NSE
Terms of Payment₹10 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2025-09-302025-03-312024-03-31
Income1.927.9110.83
EBITDA
Net Worth409.72465.84445.94
Reserves & Surplus445.09451.72431.82

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To reduce the other current financial liabilities by repaying part of the advances₹1.16
2To deposit any balance dues under the Scheme of Compromise and Arrangement₹12.25
3General corporate purposes₹0.28
Total₹13.69
🏢 About the Company
Incorporated in 1943 as Maharashtra Apex Bank Ltd by Upendra Anantha Pai, it is an old Non-Banking Financial Company (NBFC) based in Manipal, Karnataka, part of the Manipal Group. Historically engaged in hire purchase, leasing, and automobile financing, it is now primarily focused on asset recovery and repayment of liabilities under a court-sanctioned scheme, while being almost debt-free.

The company is currently focused on recovering assets and repaying liabilities, including outstanding deposits and bonds.

It is a flagship company of the Manipal Group, headquartered in Manipal, Karnataka.
📞 Company Contact
CompanyMaha Rashtra Apex Corporation Limited
Address3 rd Floor, Front Wing North Block,
Manipal Centre, #47
Dickenson Road
Bengaluru, 560001
Phone91820257102
Emailmracl.ho@manipal.com
WebsiteVisit ↗
📝 Registrar
NamePurva Sharegistry (India) Pvt.Ltd
Phone022-41343255
Emailsupport@purvashare.com
WebsiteVisit ↗