outcome of Rights issue committee of the company approving Letter of offer, abridged Letter of offer and other issue materials.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JMJ Fintech Limited is launching a rights issue to raise up to ₹26.88 crore by offering up to 2.56 crore partly paid-up equity shares at ₹10.50 each (face value ₹10 + ₹0.50 premium). Existing shareholders can subscribe in the ratio of 2 rights shares for every 1 fully paid-up share held as of the record date of July 11, 2025. The issue price is just 1.05 times the face value, meaning a very small premium. Investors pay 30% (₹3.15) on application and the remaining 70% (₹7.35) on later calls decided by the Board. The issue opens on July 18, 2025 and closes on August 16, 2025, with renunciation allowed on-market until August 12, 2025. BSE has already granted in-principle approval for listing of the rights shares.
Eligible shareholders as of July 11, 2025 can buy new shares at near face value, but the 2:1 ratio means meaningful capital is needed to fully participate. If shareholders do not subscribe or renounce their entitlements, their stake will be significantly diluted (share count could potentially triple if fully subscribed). The partly paid-up structure eases immediate cash outflow but creates future call obligations.