Emerald Leasing Finance Rights Issue is open for subscription from 22 March 2021 to 05 April 2021. the company aims for an issue size of ₹20 Crores through this rights issue.
Emerald Leasing Finance and Investment Company Limited
ELFIC is a Non-Deposit-taking Non-Banking Financial Company (NBFC-ND) registered with RBI to carry on NBFI activities.
As a Non-Banking Financial Company (NBFC) the company provides financial services focussing on micro, small and medium enterprises (“MSMEs”) and retail customers. Their business model revolves around lending activities (granting loans & advances).
The Company also helps in facilitating finance through other banks and NBFCs. Through their Subsidiary Company, they also act as a Direct Selling Agent for various Banks and NBFCs. Emerald Leasing Finance & Investment Company Limited offers the following financial products;
(i) Short-term financing
(ii) MSME Loans
Objectives of the Issue
- Augment the Company’s capital base
- Meet issue-related expenses.
Rights Issue Issue Timetable
| Bid/Offer Opens On | Mar 22, 2021 |
| Bid/Offer Closes On | Apr 5, 2021 |
| Record Date | Jan 28, 2021 |
| Deemed Date of Allotment | Apr 20, 2021 |
| Renunciation of Rights Entitlements | Apr 1, 2021 |
Emerald Leasing Finance Rights Issue Details
| Issue Open | Mar 22, 2021 – Apr 5, 2021 |
| Security Name | Emerald Leasing Finance and Investment Company Limited |
| Issue Size (Shares) | 2.00 Crores |
| Issue Size (Amount) | ₹20.00 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Market Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of ₹10/- per Equity Share is payable on application. |
| Entitlement | 42 Rights Equity Shares for every 19 fully paid-up Equity Shares held on the Record Date |
Company Financials
| Particulars | For the year/period ended (Rs. in Lakhs) | |
|---|---|---|
| 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,956.55 | 1,609.27 |
| Total Income | 786.78 | 671.93 |
| Profit After Tax | 129.04 | 118.48 |
Rights Issue Registrar
MAS Services Limited
T – 34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110 020
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Company Contact Information
Emerald Leasing Finance and Investment Company Limited
SCO 7, Industrial Area, Phase II
Chandigarh – 160002
Phone: 0172 – 4005659
Email: info@emeraldfin.com
Website: https://www.emeraldfin.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