Purple Finance Rights Issue 2024 Date, Price, Allotment, Ratio

Purple Finance Rights issue date is fixed, the rights issue is to open on October 4, 2024 and will close on October 11, 2024. The Purple Finance Rights issue record date is October 11, 2024. The company is to offer 11,204,985 equity shares at a price of ₹40 per share. The Purple Finance Rights issue size will be ₹44.82 Crores. The entitlement ratio is 1:3, 1 rights share for every 3 fully-paid equity shares held on the record date. Check out Purple Finance rights issue details.

Purple Finance Rights Issue 2024

Purple Finance Limited has been in existence for the last three decades, having been incorporated since 1993. It registered with the Reserve Bank of India as a non-deposit taking NBFC and started our limited lending activities in 2013.

In 2022, five like-minded professionals came together with the existing founder of Purple Finance, Amitabh Chaturvedi, to build an MSME-focused, digital-first NBFC, catering to micro and small enterprises with secured business loans. They will help put the power back in the hearts, minds, and wallets of micro and small business entrepreneurs. They would ensure easier and simplified funding options for the micro and small business enterprises at competitive pricing, faster credit decisions, and transparent processes.

Purple Finance Rights Issue Review

  • Avoid / Risky

Purple Finance Rights Issue 2024 Dates & Time Table

Rights Issue Open:October 4, 2024
Rights Issue Close:October 11, 2024
Rights Record Date:September 26, 2024
Last Date to Buy Shares:September 25, 2024
Deemed Date of AllotmentOctober 18, 2024
Renunciation of Rights EntitlementsOctober 8, 2024

Purple Finance Rights Issue 2024 Offer Details

Rights Issue Size:Approx ₹44.82 Crores
Price Band:₹40 Per Equity Share
Face Value:₹10 Per Equity Share
Listing on:BSE
Entitlement Ratio: 1:3 (1 rights share for every 3 shares)
Equity:11,204,985 Equity Share
Letter of Offer:Click Here
Application Form:Click Here
Live Share Price:Click Here

Purple Finance Rights Issue 2024 Form & How to Apply

You can apply for Purple Finance Rights Issue 2024 in two ways:

  • Net Banking (ASBA)
  • Registrar’s Website (R-WAP Facility)

Purple Finance Financial Report

₹ in Crores
YearRevenueExpensePAT
2022₹-3.11₹-₹7.37
2023₹2.56₹-6.33
2024₹4.44₹-₹7.61

Purple Finance Rights Issue 2024 Allotment Status

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query

Purple Finance Rights Issue 2024 Lead Managers

Mark Corporate Advisors Private Limited

Company Address:

Purple Finance Ltd
Room No. 11, 1st Floor
Indu Chambers 349/353, Samuel Street, Vadgadi,
Masjid Bunder (West), Mumb
Phone: 02269165100
Email: [email protected]
Website: https://www.purplefinance.in/

Purple Finance Rights Issue 2024 FAQs:


When is Purple Finance Rights Issue 2024 Record Date?

Purple Finance Rights Issue 2024 record date is September 26, 2024.

What is Purple Finance Rights Issue 2024 Price?

The company has fixed the price at ₹40 per equity share.

What is the Purple Finance Rights Issue 2024 Ratio?

The company has fixed the ratio (1:3), 1 Rights Equity Share for every 3 Equity Shares as on record date.

How to apply for Purple Finance Rights Rights Issue 2024?

As per the record date you need to have Purple Finance Rights shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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