Transwarranty Finance Rights Issue will open for subscription from 15 November 2022. The company aims for an issue size of ₹24.46 Crores through this rights issue.
Transwarranty Finance Limited
Incorporated in 1994, Transwarranty Finance Limited is a full-service Financial & Capital Market Services Company. The Company is engaged in lending and advisory services. The Company has been engaged in Financial Advisory services for over 25 years. The business model can be broadly classified into Lending Business, Financial Advisory Services (comprising Investment Banking, Trade Finance, and Corporate Finance) Wealth Management, Stock Broking, and Distribution Business. The company subsidiaries are I. Vertex Securities Limited (VSL), II. Vertex Commodities and Finpro Private Limited (VCFPL) and III. Transwarranty Capital Market Services Private Limited (TCMSPL).
Objects of the Issue
- Meeting working capital requirements.
- General corporate purposes.
Transwarranty Finance Rights Issue Timetable
| Record Date | 04 October 2022 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 15 November 2022 |
| Renunciation of Rights Entitlements | 23 November 2022 |
| Bid/Offer Closes On | 29 November 2022 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Transwarranty Finance Rights Issue Details
| Issue Open | Nov 15, 2022 – Nov 29, 2022 |
| Security Name | Transwarranty Finance Limited |
| Issue Size (Shares) | 24,460,568 |
| Issue Size (Amount) | ₹24.46 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Rs. 3 per share on Application Rs. 7 per share on subsequent calls as may be decided by the Board of Directors from time to time. |
| Entitlement | 1 Equity Shares for every 1 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 94.46 | 16.17 | -2.81 | 16.47 | 37.34 |
| 31-Mar-22 | 102.74 | 16.57 | -2.15 | 14.21 | 36.88 |
Transwarranty Finance Rights Issue Lead Manager(s)
- Fedex Securities Limited
Rights Issue Registrar
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: transwarranty.rights@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information
Transwarranty Finance Limited
403, Regent Chambers,
Nariman Point, Mumbai
400021
Phone: +91 22 22047965
Email: companysecretary@transwarranty.com
Website: http://www.transwarranty.com/
Final thoughts
Transwarranty Finance Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
