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Satin Creditcare Rights Issue Dates, How to Apply, Price, Ratio, Allotment Details

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Satin Creditcare Network rights issue finally open on August 12 and will close on August 26, 2020. It is micro finance institution coming with around Rs 120-crore rights issue. Satin Creditcare is non-banking finance company offering small business loans, individual loans, financial and community services to low-income households and micro, small & medium Enterprises (MSMEs). The Company has aimed to raise net around Rs. 1,99,82,667 equity shares of the face value of Rs 10 each. Currently they are operating business in 23 states and union territories across India. The Satin Creditcare rights issue price at Rs 60 per rights equity share which is 23.3& discount to July 30 closing price. The rights entitlement ratio is 48 shares for every 125 Shares held as on as on the record date. It is around Rs. 119.29 Cr. rights issue which company will use fund to meet future capital requirements and funding for new the growth of the business and general corporate purposes. Checkout Satin Creditcare rights issue dates, price, issue size, ratio, allotment and listing details.

Satin Creditcare Rights Issue Dates, How to Apply, Price, Ratio, Allotment Details

Satin Creditcare Rights Issue Review:

  • Apply for Long Term.

Satin Creditcare Rights Issue Date & Price Band:

 Issue Open: 12 August 2020
 Issue Close: 12 August 2020
 Issue Size: Approx ₹119.293 Crore (Approx)
 Record Date5 August 2020
 Price Band: ₹60 Per Share
 Listing on: BSE / NSE
 Ratio:  48:125 (18 rights shares for every 125 shares)
 Equity: 1,99,82,667 Shares

Satin Creditcare Rights Issue Allotment & Listing:

 Finalization of Basis of Allotment: 4 September  2020
 Date of Allotment (ON OR ABOUT)  7 September  2020
 Credit to Demat Account: 8 September  2020
 Listing Date: 11 September  2020

Satin Creditcare Rights Issue Form & How to Apply:

How to apply the Satin Creditcare Network rights issue? You can apply Satin Creditcare rights issue  on  official website available.  The other option you can apply Satin Creditcare rights issue via forms download on NSE Forms & BSE Forms blank forms download, fill and submit in your bank or with your broker.

Quick Links:

Spencer’s Retail Letter of Offer
Approval from BSE & NSE

Satin Creditcare Rights Issue Allotment Status:

Check Satin Creditcare rights issue on Link Intime India Pvt Ltd website allotment URL. Click Here

Satin Creditcare Rights Issue Lead Managers:

  • Corporate Professional Capital

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Company Address:

Registered Office: 5th Floor, Kundan Bhawan, Azadpur Commercial
Complex, Azadpur, Delhi- 110033, India
Corporate Office: Floor 1, &, 3, 97, Sector 44, Gurugram, Haryana 122003
India Telephone: (011) 47545000; Facsimile: (011) 23328951
Contact Person: Mr. Adhish Swaroop (Company Secretary & Compliance
Website: www.satincreditcare.com;
Corporate Identity Number: L65991DL1990PLC041796
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