Credent Global Finance Rights Issue will open for subscription from 25 July 2023. the company aims for an issue size of ₹48.56 Crores through this rights Issue.
About the company
Incorporated in 1991, Credent Global Finance Limited is engaged in offering financial services to customers. They offer a wide array of services including Asset Management, Investment Banking, Real Estate, and investments. Credent Global Finance serves a diverse clientele involving individuals, financial institutions, and corporates. The company is expanding its presence all over India and also extending its operations in the UK market. Credent Global strives at playing a crucial role in offering multiple and easy financial services to customers under one roof. This is so that the customers do not have to rely on multiple entities for each of their financial requirements.
Objectives of the Issue
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities.
- General corporate purposes.
Credent Global Finance Rights Issue Timetable
| Last Date to buy shares | 14 July 2023 |
| Record Date | 17 July 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 25 July 2023 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | 08 August 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Credent Global Finance Rights Issue Details
| Issue Open | Jul 25, 2023 – Aug 8, 2023 |
| Security Name | Credent Global Finance Limited |
| Issue Size (Shares) | 3,468,750 |
| Issue Size (Amount) | ₹48.56 Crores |
| Issue Price | ₹140 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 7.92 | 1.90 | 1.07 |
| 31-Mar-23 | 75.80 | 19.57 | 6.74 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com
Company Contact Information
Credent Global Finance Limited
Unit No. 609-A, 6 th Floor, One BKC,
C-Wing, G Block, Opposite Bank of Baroda,
Bandra Kurla Complex, Bandra(East), Mumbai -400051
Phone: +91 22 6845 2001
Email: compliance@credentglobal.com
Website: https://credentglobal.com/#/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
