SMC Credits Limited started non-banking financial activities founded in 1992 and is fully registered with the Reserve Bank of India. The Corporation does not take public deposits.
Aside from this, the company obtains rental income from its Fixed Assets/Building. As another goal, the company operates in the rental of immovable properties.
The following processes are involved in the company’s activity in general: customer origination, customer evaluation, credit appraisal and approval, loan disbursement, and loan administration and monitoring.
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:
- Augment of our capital base; and
- General corporate purpose
SMC Credits Rights Issue 2022 Detail
| Issue Open | Dec 12, 2022 – Dec 26, 2022 |
| Security Name | SMC Credits Ltd |
| Issue Size (Shares) | 15,033,300 |
| Issue Size (Amount) | ₹15.03 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of the Issue Price of Rs 10 per Equity Share On application. |
| Entitlement | 3 Equity Shares for every 2 Equity Shares held on the Record Date |
SMC Credits Rights Issue 2022 Issue Timetable
| Record Date | Nov 25, 2022 |
| Credit of Rights Entitlements | Nov 28, 2022 |
| Bid/Offer Opens On | Dec 12, 2022 |
| Renunciation of Rights Entitlements | Dec 14, 2022 |
| Bid/Offer Closes On | Dec 26, 2022 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
SMC Credits Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 512.33 | 5.16 | 4.5 |
| 31-Mar-22 | 522.51 | 5.24 | 2.59 |
Company Contact Information
SMC Credits Ltd
24, Ashoka Chambers,
5-B Rajindra Park, Pusa Road,
New Delhi – 110060
Phone: 011-45012880
Email: [email protected]
Website: http://www.smccredits.com
SMC Credits Rights Issue 2022 Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalfinancial.com
SMC Credits Rights Issue 2022 Lead Manager(s)
- Sundae Capital Advisors
SMC Credits Rights Issue 2022 FAQs
Q1. When is SMC Credits Rights Issue 2022 coming?
Ans. The SMC Credits Rights Issue 2022 opens on Dec 12, 2022, and closes on Dec 26, 2022
Q2. What is the schedule for SMC Credits Rights Issue 2022?
Ans. SMC Credits Rights Issue 2022 Schedule : Last Date for credit of Rights Entitlements Nov 28, 2022 Last Date for renunciation of Rights Entitlements Dec 14, 2022 Issue Opening Date Dec 12, 2022 Issue Closing Date Dec 26, 2022 Date of Allotment (on or about) Date of Credit (on or about) Date of Listing (on or about)
Q3. What is the issue price for SMC Credits Rights Issue 2022?
Ans. SMC Credits Rights Issue 2022 price is set at ₹10 per share per equity share.
Q4. In what ratio is the SMC Credits Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 3 Equity Shares for every 2 Equity Shares held on the Record Date (Nov 25, 2022).
Q5. What is the record date for SMC Credits Rights Issue 2022?
Ans. The record date for the SMC Credits Rights Issue 2022 is Nov 25, 2022.
Q6. What is the issue size of SMC Credits Rights Issue 2022?
Ans. The issue size of SMC Credits Rights Issue 2022 is of 15,033,300 equity shares at ₹10 per share aggregating upto ₹15.03 Crores.
Q7. How to apply for SMC Credits Rights Issue 2022?
Ans. You can apply for SMC Credits Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for SMC Credits Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the SMC Credits Rights Issue 2022 available on the list.
- Click the Apply button next to the SMC Credits Rights Issue 2022.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for SMC Credits Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select SMC Credits Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
