Let’s have a detailed review of the company and analytics of the B N Rathi Securities Rights Issue offer open date, Term of payment, B N Rathi Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 22
Listing AtBSE
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs 739.20 Lakhs
Shares for Issue33,60,000 Eq Shares
Rights entitlementUpto Two (2) Equity Share for every Three (3) fully paid-up
Equity Share(s) held on the Record Date

B N Rathi Securities Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.

B N Rathi Securities Share Price – Live Performance

B N Rathi Securities Rights Issue – Summary

B N Rathi Securities Rights IssueThey are a financial services company based in South India that offers financial products and services. Over the years, from being primarily a Telangana/ Andhra Pradesh-centric broking firm, they have transformed themselves by establishing a presence in other states in India.

As of September 30, 2021, they had 4 branches and 400 business associates across the states of Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Rajasthan, and Gujarat having over 45,803 retail clients.

The Promoter of this company is MR. HARI NARAYAN RATHI AND MR. CHETAN RATHI. The lead manager to the issue is Bajaj Capital Limited, and the Registrar to this issue is KFin Technologies Private Limited.


B N Rathi Rights Issue Date

The opening and the closing date of the IPO of B N Rathi Securities Limited are [●] and [●] respectively.


B N Rathi Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

B N Rathi Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

B N Rathi Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.22 per Eq share. 


BN Rathi Securities Rights Issue Equity Size

This Initial Public Issue of 33,60,000 Equity Shares of Rs.10 each for cash at a price of Rs.22 per equity share aggregating to Rs 739.20 Lakhs.


B N Rathi Rights Issue – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – B N Rathi Securities Share Price

B N Rathi Securities Rights Issue – Company Overview

B.N. Rathi Securities Limited (“BNRSL”) was incorporated as Lark Leasing Limited, under the Companies Act, 1956 vide Certificate of Incorporation dated September 30, 1985, with Registration No. 5838 of 1985-86 in the State of Andhra Pradesh.

The Certificate of Commencement of Business was issued by the Registrar of Companies, Andhra Pradesh on October 14, 1985. The name of their Company was changed to B.N. Rathi Securities Ltd and fresh Certificate of Incorporation was issued by the Registrar of Companies, Andhra Pradesh on September 15, 1994.

Their Corporate Identification Number is L65993TG1985PLC005838. Their innovative product offerings, based on a deep understanding of customer behavior, include completely paperless account opening, advanced technological solutions, and robo-advisory services, etc.

With a robust trading platform, advanced mobile application, and an artificial intelligence-powered robo-advisory platform, they offer advanced technology-led services to their customers, leading to an enhanced user-friendly experience across the investment lifecycle.


BN Rathi Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR )
31-Mar-2131-Mar-20
Total Assets1,14,50,66,13358,43,46,483
*Total Revenue32,31,24,35425,53,32,363
Total Expense27,24,50,55523,20,22,954
Profit After Tax3,45,32,7811,74,53,517

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic6.853.46
Diluted6.853.46

BN Rathi Rights Issue – Promoters

The Promoters of this company are:

  1. MR. HARI NARAYAN RATHI
  2. MR. CHETAN RATHI

List of Related Parties (Key Managerial Personnel)

  • Laxminiwas Sharma Chairman
  • Hari Narayan Rathi, Managing Director
  • Chetan Rathi, Whole-time Director Cum CFO
  • Harishchandra Prasad Kanuri, Independent Director
  • Shanti Sree Bolleni Independent Director

B N Rathi Securities Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 33,60,000 Equity Shares
Rights EntitlementUpto Two (2) Equity Share for every Three (3) fully paid-up
Equity Share(s) held on the Record Date
Record Date[●]
Issue Price per Rights Equity SharesRs.22/-
Issue SizeUp to 33,60,000  Equity Shares of the face value of Rs 10 each for cash at a price of Rs 22 per Rights Equity Share up to the amount of Rs 739.20 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue50,40,000 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 84,00,000 Equity Shares

BN Rathi Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To Enhance the margin money maintained with the exchanges;
2. Meet expenses of the Issue, and
3. General corporate purposes.

BN Rathi Securities – Business Strategy

  • Expand reach
  • Product development
  • Increase wallet share
  • Improve efficiency and productivity

BN Rathi Rights Issue Lead Managers

Lead Managers
Bajaj Capital Limited
Mezzanine Floor, Bajaj House, 97,
Nehru Place, New Delhi -110019, India
Tel No: +91 11 – 41693000; +91 11- 67000000
Contact Person: P. Balraj
Email: info@bajajcapital.com
Website: www.bajajcapital.com
SEBI Registration Number: INM000010544

BN Rathi Securities Issue Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited,
Selenium, Tower- B, Plot No. 31 & 32, Financial District,
Nanakramguda, Serilingampally, Karvy Selenium, Mandal,
Hyderabad, Telangana,500032
Tel No: +91 40 – 67162222/ 18003454001
Fax No: +91 40 – 23431551
Email: einward.ris@karvy.com
Website: www.kfintech.com
Investor Grievance Email: bnrsecurities.rights@kfintech.com
Contact Persons: Mr. M. Muralikrishna
SEBI Registration Number: INR000000221
CIN: U72400TG2017PTC117649

BN Rathi Securities Issue Details

  • Statutory Auditor – M/s. Seshachalam & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    B N Rathi Securities Limited Rights Issue News

    News 1 – B N Rathi Securities Rights Issue Draft Download

    News 2 –  BN Rathi Securities Rights Issue Letter of Offer


    B N Rathi Rights Issue Review FAQs

    Where to download B N Rathi Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional BN Rathi Securities Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for B N Rathi Rights Issue?

    Application forms of BN Rathi Securities Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check BN Rathi Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the BN Rathi Securities Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the B N Rathi Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.22 per Equity Share through BN Rathi Securities Rights Issue.

    Who is the registrar to B N Rathi Rights Issue?

    Registrar, as chosen by BN Rathi Securities is KFin Technologies Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the B N Rathi Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the BN Rathi Securities Rights Issue is all set to open on NA.

    When the BN Rathi Rights Issue is closing?

    While the offer would open on NA, it is most likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the B N Rathi Securities Rights Issue.

    What is the BN Rathi Issue size?

    B N Rathi Securities Rights Issue is a proposal to raise 33,60,000 Equity shares, aggregating to Rs 739.20 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the BN Rathi Rights Issue Lead manager?

    A designated underwriter or lead manager of B N Rathi Securities Rights Issue is Bajaj Capital Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the BN Rathi Securities Issue?

    There are a bunch of important dates regarding the B N Rathi Securities Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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