Credent Global Finance Limited, founded in 1991, provides financial services to customers. They provide a wide range of services such as asset management, investment banking, real
estate, and investments. Credent Global Finance works with a wide range of clients, including individuals, financial institutions, and corporations. The organization is expanding its presence throughout India as well as its operations in the UK market. Credent Global wants to play an important role in providing customers with a variety of simple financial services under one roof. This is done so that clients do not have to rely on different businesses to meet their financial needs.
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue towards the following objects:
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities
- General corporate purposes
Credent Global Finance Rights Issue 2023 Detail
| Issue Open | Jul 25, 2023 – Aug 8, 2023 |
| Security Name | Credent Global Finance Limited |
| Issue Size (Shares) | 3,468,750 |
| Issue Size (Amount) | ₹48.56 Crores |
| Issue Price | ₹140 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Credent Global Finance Rights Issue Terms of Payment Will Be That On Application, Investors will have to pay Rs. 140 per Rights Equity Share constituting 100% of the Issue price. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Credent Global Finance Rights Issue 2023 Issue Timetable
| Last Date to buy shares | Jul 14, 2023 |
| Record Date | Jul 17, 2023 |
| Credit of Rights Entitlements | Jul 24, 2023 |
| Bid/Offer Opens On | Jul 25, 2023 |
| Renunciation of Rights Entitlements | Aug 10, 2023 |
| Bid/Offer Closes On | Aug 8, 2023 |
| Deemed Date of Allotment | Aug 14, 2023 |
| Credit Date | Aug 17, 2023 |
| Listing Date | Aug 21, 2023 |
Credent Global Finance Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 7.92 | 1.90 | 1.07 |
| 31-Mar-23 | 75.80 | 19.57 | 6.74 |
Company Contact Information
Credent Global Finance Limited
Unit No. 609-A, 6 th Floor, One BKC,
C-Wing, G Block, Opposite Bank of Baroda,
Bandra Kurla Complex, Bandra(East), Mumbai -400051
Phone: +91 22 6845 2001
Email: [email protected]
Website: https://credentglobal.com
Credent Global Finance Rights Issue 2023 Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalfinancial.com
Credent Global Finance Rights Issue 2023 FAQs :
Q1. When is Credent Global Finance Rights Issue 2023 coming?
Ans. The Credent Global Finance Rights Issue 2023 opens on Jul 25, 2023, and closes on Aug 8, 2023.
Q2. What is the issue price for Credent Global Finance Rights Issue 2023?
Ans. Credent Global Finance Rights Issue 2023 price is set at ₹140 per share per equity share.
Q3. In what ratio is the Credent Global Finance Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (Jul 17, 2023).
Q4. What is the record date for Credent Global Finance Rights Issue 2023?
Ans. The record date for the Credent Global Finance Rights Issue 2023 is Jul 17, 2023.
Q5. What is the issue size of Credent Global Finance Rights Issue 2023?
Ans. The issue size of Credent Global Finance Rights Issue 2023 is of 3,468,750 equity shares at ₹140 per share aggregating upto ₹48.56 Crores.
Q6. How to apply for Credent Global Finance Rights Issue 2023?
Ans. You can apply for Credent Global Finance Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Credent Global Finance Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Credent Global Finance Rights Issue 2023 available on the list.
- Click the Apply button next to the Credent Global Finance Rights Issue 2023.
- 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 Credent Global Finance Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Credent Global Finance Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
