SMC Credits Rights Issue will open for subscription from 12 December 2022. the company aims for an issue size of ₹15.03 Crores through this rights Issue.
SMC Credits Limited
Incorporated In 1992, SMC Credits Limited is engaged in the business of Non-banking financial activities, duly registered with the Reserve Bank of India. The Company is not accepting public deposits. Besides this, the Company also has rental income on its Fixed Assets/Building. The Company further has an operation in renting immovable properties as another objective. The company business broadly involves following processes of Customer Origination, Customer Evaluation, Credit Appraisal and approval, Loan Disbursement, and Loan administration and monitoring.
Objectives of the Issue
- Augment of our capital base.
- General corporate purpose.
SMC Credits Rights Issue 2022 Issue Timetable
| Record Date | 25 November 2022 |
| Credit of Rights Entitlements | 28 November 2022 |
| Bid/Offer Opens On | 12 December 2022 |
| Renunciation of Rights Entitlements | 14 December 2022 |
| Bid/Offer Closes On | 19 December 2022 |
| Deemed Date of Allotment | 23 December 2022 |
| Credit Date | 28 December 2022 |
| Listing Date | 27 December 2022 |
SMC Credits Rights Issue Details
| Issue Open | Dec 12, 2022 – Dec 19, 2022 |
| Security Name | SMC Credits Ltd |
| Issue Size (Shares) | 15,033,300 |
| Issue Size (Amount) | ₹15.03 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of the Issue Price of Rs 10 per Equity Share On application. |
| Entitlement | 3 Equity Shares for every 2 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 512.33 | 5.16 | 4.5 |
| 31-Mar-22 | 522.51 | 5.24 | 2.59 |
Rights Issue Lead Manager(s)
- Sundae Capital Advisors
SMC Credits Rights Issue Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetalrta@gmail.com
Website: http://www.beetalfinancial.com
Company Contact Information
SMC Credits Ltd
24, Ashoka Chambers,
5-B Rajindra Park, Pusa Road,
New Delhi – 110060
Phone: 011-45012880
Email: smccorp011@gmail.com
Website: http://www.smccredits.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
