Emerald Leasing Finance Rights Issue

Emerald Leasing Finance Rights Issue

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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 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 OnMar 22, 2021
Bid/Offer Closes OnApr 5, 2021
Record DateJan 28, 2021
Deemed Date of AllotmentApr 20, 2021
Renunciation of Rights EntitlementsApr 1, 2021

Emerald Leasing Finance Rights Issue Details

Issue OpenMar 22, 2021 – Apr 5, 2021
Security NameEmerald 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 Lot1 per share
Listing AtBSE
Terms of PaymentThe full amount of ₹10/- per Equity Share is payable on application.
Entitlement42 Rights Equity Shares for every 19 fully paid-up Equity Shares held on the Record Date

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
Total Assets1,956.551,609.27
Total Income786.78671.93
Profit After Tax129.04118.48

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

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

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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