2:1 Rights Issue; Record Date-July 11, 2025: Low PE, High ROE & High ROCE Penny Stock Under Rs 40; Details Inside
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 86.2 per cent from its 52-week low of Rs 18.81 per share.
On Friday, shares of JMJ Fintech Ltd jumped 2.43 per cent to Rs 35.03 per share from its previous closing of Rs 34.20 per share. The shares of the company have a 52-week high of Rs 40.10 per share and a 52-week low of Rs 18.81 per share.
JMJ Fintech Ltd., a prominent NBFC in India, has announced a significant Rights Issue to its existing equity shareholders, approved by its Rights Issue Committee on Monday, June 16, 2025. The company plans to issue 2,56,00,000 partly paid-up Equity Shares with a face value of Rs 10 each, at an issue price of Rs 10.50 per share, including a premium of Rs 0.50. This initiative aims to raise up to Rs 2,688 lakh. The payment schedule for these shares involves an initial payment of Rs 3.15 on application (Rs 3 face value + Re 0.15 premium), with the remaining Rs 7.35 (Rs 7.00 face value + Re 0.35 premium) due on the first and final call at a time determined by the Board.
The Record Date for determining eligible shareholders for the Rights Issue has been fixed as Friday, July 11, 2025. Shareholders will be offered two Rights Equity Shares for every one existing equity share they hold as of the record date, with the option to renounce their entitlements. The issue is set to open on Friday, July 18, 2025 and will close on Saturday, August 16, 2025. The last date for on-market renunciation of Rights Entitlements is Tuesday, August 12, 2025. Following full subscription, the outstanding equity shares will include the existing 1,28,00,000 shares along with the 2,56,00,000 partly paid-up Rights Equity Shares.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
JMJ Fintech Ltd, established in 1982, operates as a Non-Banking Financial Company (NBFC) in India, offering a range of services including providing secured loans to corporate clients, High-Net-Worth Individuals (HNIs) and SMEs. Beyond lending, the company provides consultancy services for fundraising activities like IPOs and private equity and acts as a management consultant for mergers, amalgamations, acquisitions and valuations. Furthermore, JMJ Fintech actively engages in investment and trading of shares and securities, leveraging its dedicated research division to identify opportunities for both dividend and capital gains in both the cash and derivatives markets.
The shares of the company have a PE of 9x, an ROE of 27 per cent and a ROCE of 44 per cent. The company has a market cap of Rs 49.25 crore. The stock is up by 86.2 per cent from its 52-week low of Rs 18.81 per share.
Disclaimer: The article is for informational purposes only and not investment advice.