Rajath Finance Limited, a Non-Banking Financial Company (NBFC) established in 1984, specializes in providing personal and business loans, leasing, and hire purchase solutions. The company caters to individuals and MSMEs who may not qualify for conventional loans, offering microfinance services and supply chain financing under its brand name, FynX.
Its key financial products include FynX Accounts Receivables, FynX Accounts Payables, FynX Supply Chain Financing, and FynX Working Capital Finance, designed to provide rapid access to funds with flexible repayment structures. The company integrates digital platforms to streamline financing processes and approvals, ensuring quick and efficient financial solutions.
Rajath Finance has announced a Rights Issue opening on March 4, 2025, and closing on March 18, 2025, with a record date of February 21, 2025. The issue comprises 1.6 crore equity shares at ₹10 per share, amounting to a total issue size of ₹16 crores. The entitlement ratio is 4:1, meaning shareholders will receive four rights shares for every one fully paid equity share held on the record date.
Overview of Contents
Rajath Finance Rights Issue 2025 – Key Details & Timeline
| Event | Details |
|---|---|
| Issue Open Date | March 4, 2025 |
| Issue Close Date | March 18, 2025 |
| Record Date | February 21, 2025 |
| Last Date to Buy Shares | February 20, 2025 |
| Issue Size (Shares) | 1,60,00,000 |
| Issue Size (Amount) | ₹16.00 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing Exchange | BSE |
| Terms of Payment | ₹10 per share payable on application |
| Entitlement Ratio | 4 Rights Shares for every 1 fully paid-up share held on the record date |
| Renunciation Deadline | March 11, 2025 |
| Deemed Date of Allotment | 2025 |
Rajath Finance Rights Issue 2025 – Important Schedule
| Milestone | Date |
|---|---|
| Subscription Start Date | 04-Mar-2025 |
| Subscription End Date | 18-Mar-2025 |
| Cut-off Date for Eligibility | 21-Feb-2025 |
| Last Trading Day for Eligibility | 20-Feb-2025 |
| Deadline for Rights Transfer | 11-Mar-2025 |
| Expected Allotment Date | 2025 |
Objects of the Issue
- To augment our capital base and increase the operational scale concerning the NBFC activities.
- General Corporate Purposes.
Rajath Finance Financial Highlights (₹ Crore)
Rajath Finance Limited experienced a decline in financial performance, with revenue decreasing by 3.42% and profit after tax (PAT) plummeting by 145.79% between the fiscal years ending March 31, 2023, and March 31, 2022. Despite a slight increase in total assets, the company reported a net loss in 2023 compared to a profit in the previous year.
| Financial Metric | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Total Assets | 7.50 | 7.04 |
| Total Revenue | 0.33 | 0.34 |
| Profit After Tax | -0.11 | 0.24 |
Rajath Finance Rights Issue Review
Avoid / Risky
Company Address:
Rajath Finance Limited
1001, 10™ Floor, K. P. Aurum, Marol Maroshi Road,
Andheri (E), Mumbai, 400059, Maharastra
Phone: 022 29200027
Email: compliance@fynxcapital.com
Website: www.fynxcapital.com
Rajath Finance Rights Issue 2025 FAQs:
What is the Rajath Finance Rights Issue?
The Rajath Finance Rights Issue is an offer for existing shareholders to buy additional shares of Rajath Finance Limited at a price of ₹10 per share. The company plans to raise ₹16 Crores through this issue.
What is the price of the Rajath Finance Rights Issue?
The issue price is ₹10 per share.
When will the Rajath Finance Rights Issue open and close?
The Rights Issue will open on March 4, 2025 and close on March 18, 2025.
What is the record date for the Rajath Finance Rights Issue?
The record date for the rights issue is February 21, 2025. Only shareholders who hold shares on this date will be eligible for the rights offer.
What is the entitlement ratio for the Rajath Finance Rights Issue?
The entitlement ratio is 4:1, meaning you can apply for 4 additional shares for every 1 fully-paid-up share held on the record date.
How many shares are being offered in the Rajath Finance Rights Issue?
A total of 1,60,00,000 shares are being offered in the rights issue.
Where will the Rajath Finance Rights Issue be listed?
The shares from the Rajath Finance Rights Issue will be listed on the BSE (Bombay Stock Exchange).
When will the allotted shares be credited?
The deemed date of allotment is in 2025, and the shares will be credited to eligible shareholders’ demat accounts soon after.
What is the last date to buy shares for eligibility?
The last date to buy shares for eligibility to the rights issue is February 20, 2025.
Can I renounce my rights entitlement?
Yes, rights entitlement can be renounced, and the last date for renunciation is March 11, 2025.
How can I apply for the Rajath Finance Rights Issue?
You can apply for the rights issue through your demat account or through an application supported by your broker, following the instructions from the registrar.