Authum Investment Rights Issue will open on 01 March 2021. the company aims for an issue size of ₹37.35 Crores through this rights issue.
Authum Investment & Infrastructure Limited
Incorporated in 1982, Authum Investment & Infrastructure Limited (formerly known as Pentium Investments and Infrastructures Ltd.) is a registered NBFC carrying on the business of investment in shares and securities and financing activities to achieve the goal of enhancing the value for its stakeholders. The Company is also involved in activities like structured financing, fixed return portfolio, secured lending, equity investment in emerging companies. Authum Investment & Infrastructure mainly focuses on Equities in India through investments in public listed and unlisted companies, private equity investments, real estate investment & debt investment for the long-term horizon.
Authum Investment & Infrastructure is managed by a team of professionals with enormous experience in the field of financial markets, capital markets, and investment banking activities. The company has an in-house research team headed by experienced and expert professionals.
Objectives of the Issue
- Partial repayment or prepayment of working capital loans availed by the Company.
- General corporate purposes.
Rights Issue Timetable
| Bid/Offer Opens On | Mar 1, 2021 |
| Bid/Offer Closes On | Mar 15, 2021 |
| Record Date | Feb 19, 2021 |
| Deemed Date of Allotment | Mar 25, 2021 |
| Renunciation of Rights Entitlements | Mar 9, 2021 |
Authum Investment & Infrastructure Rights Issue Details
| Security Name | Authum Investment & Infrastructure Limited |
| Issue Size (Shares) | 0.46 Crores |
| Issue Size (Amount) | ₹37.35 Crores |
| Issue Price | ₹81 per share |
| Face Value | ₹10 per share |
| Market Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs 81 per Rights Equity Share is payable on Application. |
| Entitlement | 2 Rights Equity Share for every 5 Fully Paid up Equity Shares held on the Record Date |
Rights Issue Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Authum Investment & Infrastructure Limited
707, Raheja Centre,
Free Press Journal Marg,
Nariman Point, Mumbai – 400 021
Phone: +91 22 67472117
Email: secretarial@authum.com
Website: https://authum.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