HomeRights IssueB.N. Rathi Securities Rights Issue Details

B.N. Rathi Securities Rights Issue Details

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B.N. Rathi Securities Rights Issue Details

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

30th September 1985The company was incorporated as Lark Leasing Limited in the State of Andhra Pradesh.
15th September 1994The 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

DescriptionBNRSEC Rights Issue Details
Right IssueIssue 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  Date03-Jan-22
Issue Close Date17-Jan-22
Issue Size – No.of Shares33,60,000
Issue Size – Amount₹ 739.20 Lakhs
Issue Price₹ 22
Face Value ₹ 10
Market Lot 1 per share
LTP₹ 34.35
Listing BSE
EntitlementThe 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

B.N. Rathi Securities Rights Issue Lead Managers

  • Bajaj Capital Limited

B.N. Rathi Securities Rights Issue Registrar

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B.N. Rathi Securities Rights Issue Importat Dates

Bid / Offer Opens onJan 3, 2022
Bid / Offer Closes onJan 17, 2022
Record DateDec 17, 2021
Finalisation of Basis of AllotmentJan 20, 2022
Date of AllotmentsJan 21, 2022
Date of CreditJan 24, 2022
Date of listingJan 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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