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Banas Finance Rights Issue 2022 Date, Price, Allotment & Ratio

Written by on June 30, 2022

Banas Finance Rights issue date is to open on July 05 and will close on July 19. The Banas Finance Rights issue record date is June 24, 2022. The company is to offer 2.46 crores equity shares at a price of ₹20 per share. The Banas Finance Rights issue size will be ₹49.25 Crores. The entitlement ratio is 24:25, 24 right shares for every 25 fully-paid equity shares held on the record date. Check out Banas Finance rights issue details.

Banas Finance Limited (formerly known as Pioneer Leasing Company Limited) is a Non-Banking Finance Company. Banas Finance is doing business of purchase, leasing, factoring, financing of hire-purchase, lease of all kinds of plants and machinery, motor vehicles, motor boats, trawlers, launches, ships, vessels, helicopters, aircraft, automobiles, computers, and more.

Banas Finance Rights Issue 2022 Dates & Time Table

 Rights Issue Open:  July 05, 2022
 Rights Issue Close:  July 19, 2022
 Rights Record Date:  June 24, 2022
 Deemed Date of Allotment  2022
 Renunciation of Rights Entitlements  2022

Banas Finance Rights Issue 2022 Offer Details

 Rights Issue Size:  Approx ₹49.25 Crores
 Price Band:  ₹20 Per Equity Share
 Face Value:  ₹10 Per Equity Share
 Listing on:  BSE
 Entitlement Ratio:   24:25 (24 rights share for every 25 shares)
 Equity:  2.46 Crores Equity Share
 Letter of Offer:  Click Here
 Application Form:  Click Here
 Live Share Price:  Click Here

Banas Finance Rights Issue 2022 Form & How to Apply

How to apply the Banas Finance Rights issue? You can check Banas Finance Rights issue details on click here. You can apply the Banas Finance Rights issue via form download on NSE & BSE website where you can download blank forms & submit them to your bank or broker. You can apply online via ASBA or UPI via your Demat account details.

Banas Finance Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2020 ₹- ₹- ₹-
2021 ₹14.47 ₹4.92 ₹1.12
2022 ₹10.08 ₹9.18 ₹6.94

Banas Finance Rights Issue 2022 Allotment Status

To be updated soon

Check Banas Finance Rights issue on – website allotment URL. Click Here

Banas Finance Rights Issue 2022 Lead Managers

Company Address:

Banas Finance Limited

E-109, Crystal Plaza,

New Link Road, Opp. Infinity Mall,

Andheri (West), Mumbai – 400053

Phone: 9152096140/41

Email: [email protected]

Website: https://banasfinance.wordpress.com/

Banas Finance Rights Issue 2022 FAQs:

When is Banas Finance Rights Issue 2022 Record Date?

Banas Finance Rights Issue 2022 record date is June 24, 2022.

What is Banas Finance Rights Issue 2022 Price?

The company has fixed the price at ₹20 per equity share.

What is the Banas Finance Rights Issue 2022 Ratio?

The company has fixed the ratio (24:25), 24 Rights Equity Share for every 25 Equity Shares as on record date.

How to apply for Banas Finance Rights Rights Issue 2022?

As per the record date you need to have Banas Finance Rights shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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