B.N. Rathi Securities Rights Issue Details
- About B.N. Rathi Securities
- Important Details – B.N. Rathi Securities
- Objects of the Issue
- B.N. Rathi Securities Rights Issue Detail
- B.N. Rathi Securities Rights Issue Lead Managers
- B.N. Rathi Securities Rights Issue Registrar
- B.N. Rathi Securities Rights Issue Importat Dates
- Company Registered Office
- Company Promoters
- B.N. Rathi Securities Rights Issue – FAQS
About B.N. Rathi Securities
B.N. Rathi Securities Limited is a financial services company based in South India that offers financial products and services. Over the years, from being primarily a Telangana / Andhra Pradesh centric broking firm, B.N. Rathi Securities Limited has transformed ourselves by establishing presence into other states in India.
As on September 30, 2021, B.N. Rathi Securities Limited had 4 branches and 400 business associates across the states of Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Rajasthan and Gujarat having over 45,803 retail clients.
Important Details – B.N. Rathi Securities
| Date | Details |
|---|---|
| 30th September 1985 | The company was incorporated as Lark Leasing Limited in the State of Andhra Pradesh. |
| 15th September 1994 | The name of the company was changed to B.N. Rathi Securities Limited |
Objects of the Issue
- To Enhance the margin money maintained with the exchanges;
- Meet expenses of the Issue, and
- General corporate purposes
B.N. Rathi Securities Rights Issue Detail
| Description | BNRSEC Rights Issue Details |
|---|---|
| Right Issue | Issue of up to 33,60,000 fully paid-up equity shares of face value of Rs. 10/- each (the “rights equity shares”) for cash at a price of Rs. 22/- per rights equity share (including a premium of Rs. 12/- per rights equity share) aggregating upto Rs. 739.20 Lakhs |
| Issue Open Date | 03-Jan-22 |
| Issue Close Date | 17-Jan-22 |
| Issue Size – No.of Shares | 33,60,000 |
| Issue Size – Amount | ₹ 739.20 Lakhs |
| Issue Price | ₹ 22 |
| Face Value | ₹ 10 |
| Market Lot | 1 per share |
| LTP | ₹ 34.35 |
| Listing | BSE |
| Entitlement | The Ratio of 2 Rights equity shares for every 3 fully paid-up equity shares held by the eligible equity shareholders on the record date, that is on Friday, December 17, 2021 |
| BSE Symbol | BNRSEC |
B.N. Rathi Securities Rights Issue Lead Managers
- Bajaj Capital Limited
B.N. Rathi Securities Rights Issue Registrar
B.N. Rathi Securities Rights Issue Importat Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | Jan 3, 2022 |
| Bid / Offer Closes on | Jan 17, 2022 |
| Record Date | Dec 17, 2021 |
| Finalisation of Basis of Allotment | Jan 20, 2022 |
| Date of Allotments | Jan 21, 2022 |
| Date of Credit | Jan 24, 2022 |
| Date of listing | Jan 25, 2022 |
Company Registered Office
6-3-652, Fourth Floor,
Kautilya Amrutha Estates,
Somajiguda, Hyderabad
Telengana, 500082 India
Company Promoters
- MR. Hari Narayan Rathi
- MR. Chetan Rathi
B.N. Rathi Securities Rights Issue – FAQS
When B.N. Rathi Securities Rights Issue will open?
The B.N. Rathi Securities Rights Issue opens on Jan 03, 2022 and closes on Jan 17, 2022
Who is the Registrar for B.N. Rathi Securities Rights Issue?
The Registrar is KFin Technologies Private Limited
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