SMC Credits Rights Issue

SMC Credits Rights Issue

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 Date25 November 2022
Credit of Rights Entitlements28 November 2022
Bid/Offer Opens On12 December 2022
Renunciation of Rights Entitlements14 December 2022
Bid/Offer Closes On19 December 2022
Deemed Date of Allotment23 December 2022
Credit Date28 December 2022
Listing Date27 December 2022

SMC Credits Rights Issue Details

Issue OpenDec 12, 2022 – Dec 19, 2022
Security NameSMC 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 AtBSE
Terms of PaymentFull amount of the Issue Price of Rs 10 per Equity Share On application.
Entitlement3 Equity Shares for every 2 Equity Shares held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Lead Manager(s)

  • Sundae Capital Advisors

SMC Credits Rights Issue Registrar

Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281

Company Contact Information

SMC Credits Ltd
24, Ashoka Chambers,
5-B Rajindra Park, Pusa Road,
New Delhi – 110060
Phone: 011-45012880

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

Leave a Comment

Your email address will not be published. Required fields are marked *