Enbee Trade & Finance Rights Issue will open for subscription from 18 May 2023. the company aims for an issue size of ₹48 Crores through this rights Issue.
About the company
Incorporated in 1985, Enbee Trade & Finance Limited is a Non-Deposit Accepting Non-Banking Financial Company (NBFC). The company is registered with RBI to carry on the NBFC activities under Section 45IA of the Reserve Bank of India Act, 1934 bearing Registration no. 13.00691. The company’s main activities are centered on Loan activities i.e. granting of unsecured loans to body corporates and individuals. They have been offering their services for over three decades.
Enbee Trade assesses and caters to people in need of financial resources. This way they fuel the growing demand for finance and their customers can seize the opportunities presented to them by the market from time to time. The company’s standalone revenues from operations for the financial years 2022, 2021, and 2020 were Rs. 363.71 lakhs, Rs. 195.39 lakhs, and Rs. 85.95 lakhs, respectively.
Objectives of the Issue
- Repayment of unsecured loans availed by the Company from Promoter and Promoter Group of the Company;
- Augmentation of Capital Base of the Company;
Enbee Trade & Finance Rights Issue Timetable
| Last Date to buy shares | 09 May 2023 |
| Record Date | 10 May 2023 |
| Credit of Rights Entitlements | 01 June 2023 |
| Bid/Offer Opens On | 18 May 2023 |
| Renunciation of Rights Entitlements | 26 May 2023 |
| Bid/Offer Closes On | 01 June 2023 |
| Deemed Date of Allotment | 09 June 2023 |
| Credit Date | 13 June 2023 |
| Listing Date | 15 June 2023 |
Enbee Trade & Finance Rights Issue Details
| Issue Open | May 18, 2023 – Jun 1, 2023 |
| Security Name | Enbee Trade & Finance Limited |
| Issue Size (Shares) | 32,001,000 |
| Issue Size (Amount) | ₹48.00 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of Rs. 15 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 20 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 10.11 | 1.96 | 0.07 | 9.02 |
| 31-Mar-22 | 22.29 | 3.64 | 0.94 | 9.97 |
Rights Issue Documents
Lead Manager(s)
- Saffron Capital Advisors Private Limited
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Enbee Trade & Finance Limited
B4 /C5, God’s Gift Chs Ltd,
N M Joshi Marg, Lower Parel,
Mumbai – 400 013
Phone: +91 22 7969 2512
Email: enbeetrade@gmail.com
Website: http://www.enbeetrade.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
