Key Quantitative Figures

  • Issue Size: 1,02,08,129 equity shares of face value ₹10 each
  • Issue Price: ₹78 per share (including premium of ₹68 per share)
  • Total Issue Amount: ₹7,962.34 lakhs (₹79.62 crore, assuming full subscription)
  • Ratio: 3 equity shares for every 5 fully paid-up equity shares held
  • Record Date: November 4, 2026
  • Issue Expenses: ₹70.00 lakhs
  • Net Proceeds: ₹7,892.34 lakhs (₹78.92 crore)

Dates of Action

  • Record Date: November 4, 2026
  • Last Date for Credit of Rights Entitlements: November 11, 2026
  • Issue Opening Date: November 16, 2026
  • Last Date for On-Market Renunciation: November 20, 2026
  • Issue Closing Date: November 27, 2026
  • Finalization of Basis of Allotment: November 30, 2026 (on or about)
  • Date of Allotment: December 1, 2026 (on or about)
  • Date of Credit: December 2, 2026 (on or about)
  • Date of Listing: December 3, 2026 (on or about)

Parties Involved

  • Registrar to Issue: RCMC Share Registry Pvt. Ltd.
  • Banker to Issue: ICICI Bank Limited
  • Monitoring Agency: Acuité Ratings & Research Limited
  • Designated Stock Exchange: BSE Limited
  • Legal Advisor: Sterling Law Partners
  • Statutory Auditor: M/s. D.S. TALWAR & Co.
  • Promoters: Dr. Bhaskara Rao Bollineni (Chairman), Mr. Bhavanam Ruthvik Reddy (WTD & CEO)

Purpose/Rationale

The net proceeds of ₹7,892.34 lakhs will be utilized as follows:

  • ₹6,330.00 lakhs (80.2%) to augment capital base for NBFC activities
  • ₹1,500.00 lakhs (19.0%) for repayment/prepayment of borrowings
  • ₹62.34 lakhs (0.8%) for general corporate purposes

Application Process & Requirements

  • All applications must use the ASBA (Applications Supported by Blocked Amount) facility
  • Allotment will be made only in dematerialized form
  • Rights Entitlements (ISIN: INE754C20028) are tradable on BSE until November 20, 2026
  • Physical shareholders must provide demat details by November 24, 2026 to be eligible
  • Fractional entitlements are ignored, with preferential consideration for additional shares

Financial Impact

  • Pre-Issue Paid-up Capital: ₹17,01,35,490 (1,70,13,549 shares)
  • Post-Issue Paid-up Capital: ₹27,22,16,780 (2,72,21,678 shares, assuming full subscription)
  • Securities Premium Pre-Issue: ₹42,03,34,740
  • Securities Premium Post-Issue: ₹111,44,87,512
  • Cash Flow Impact: Inflow of up to ₹79.62 crore upon successful completion

Promoter Participation

Promoters Dr. Bhaskara Rao Bollineni and Mr. Bhavanam Ruthvik Reddy have confirmed they will:

1. Subscribe to their full Rights Entitlements

2. Not renounce their Rights Entitlements (except between themselves)

3. May subscribe to additional Rights Equity Shares for any unsubscribed portion

Material Contracts

Key agreements include Registrar Agreement (June 18, 2026), Bankers to Issue Agreement (October 26, 2026), and Monitoring Agency Agreement (September 1, 2026), along with various board resolutions and regulatory approvals.

Restrictions

The issue is not being made in the United States or any jurisdiction where such offers are not permitted. Rights Entitlements and Equity Shares have not been registered under the U.S. Securities Act.