Authum Investment Rights Issue

Authum Investment Rights Issue Details

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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 OnMar 1, 2021
Bid/Offer Closes OnMar 15, 2021
Record DateFeb 19, 2021
Deemed Date of AllotmentMar 25, 2021
Renunciation of Rights EntitlementsMar 9, 2021

Authum Investment & Infrastructure Rights Issue Details

Security NameAuthum 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 Lot1 per share
Listing AtBSE
Terms of PaymentThe full amount of Rs 81 per Rights Equity Share is payable on Application.
Entitlement2 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

Company Contact Information

Authum Investment & Infrastructure Limited
707, Raheja Centre,
Free Press Journal Marg,
Nariman Point, Mumbai – 400 021

Phone: +91 22 67472117

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

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