We refer to the captioned subject with respect to the issue and offer by way of Right issue to eligible shareholders on the record date dated 01/01/26 for aggregate amount Rs. 100018000, ....
Awaiting price reaction for this filing.
Avasara Finance Limited has completed its Rights Issue of up to 1,00,01,800 equity shares at Rs. 10 per share, aggregating to Rs. 1,000.18 lakhs (about Rs. 10 crore), in the ratio of 2 rights shares for every 1 share held, with record date January 1, 2026. The issue opened on January 9, 2026 and closed on January 20, 2026, receiving 553 applications for 1,87,25,268 shares, of which 336 applications for 1,74,208 shares were rejected on technical grounds. Valid applications stood at 217 for 1,85,51,060 shares, reflecting an oversubscription of 185.48%. The basis of allotment was finalised on January 21, 2026, and all 1,00,01,800 rights shares were allotted in full with no shares kept in abeyance. Listing approval was received from BSE on January 22, 2026, shares were credited to demat accounts the same day, and trading is expected to commence on or about January 23, 2026.
Existing shareholders should see the rights shares credited to their demat accounts, with trading expected to begin on BSE around January 23, 2026. The 185.48% oversubscription signals strong investor interest, though the company notes this is not indicative of future market price or business prospects.