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Rights Issue Status: Closed [28th Jun 2024 to 4th Jul 2024]
Sobha Limited is offering a rights issue of Rs 2000 Cr. The subscription for this Rights Issue is opening from 28 June 2024 to 04 July 2024. The company issues entitlement of 06 Rights equity shares for every fully paid-up 47 equity shares held on the record date of 19 June 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 1651 per share.
Stay connected with us to more about Sobha Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
| Sobhas Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 1.21 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹2000.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹1651 per share |
| Rights Issue Record Date | 19th Jun 2024 |
| Rights Issue Entitlement | 6 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Rs. 825 on application. Rs. 825 in not more than two subsequent Calls, with terms and conditions such as the number of Calls and the timing and quantum of each Call as may be decided by our Board/ Rights Issue Committee from time to time, to be completed on or prior to December 31, 2025. |
| Listing At | BSE, NSE |
| BSE Code | 532784 |
| NSE Code | SOBHA |
In this section we have covered all important dates related to Sobhas Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 28th Jun 2024 |
| Rights Issue Issue Close Date | 4th Jul 2024 |
| Basis of Allotment Finalisation Date* | 12th Jul 2024 |
| Refunds Initiation* | 1st Jul 2024 |
| Credit of Shares to Demat Account* | 15th Jul 2024 |
| Rights Issue Listing Date* | 16th Jul 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in August 1995, Sobha Limited is one of the leading real estate development and construction companies in India focusing on residential and contract projects. The company has built residential projects in Bangalore, in the southern Indian state of Karnataka, and other projects on a contract basis in eight Indian states, namely Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana and Maharashtra.
The residential projects include presidential apartments, villas, row houses, super luxury apartments and luxury apartments with amenities like club house, swimming pool and shopping mall. The first residential project in Bangalore was launched in September 1997 and was completed within two years by September 1999. As of September 30, 2006, the company has developed and constructed 21 residential projects in Bangalore with a total of 1,552 apartments and a built-up area of around 2.98 million square feet.
Convention centres, software development blocks, multiplex theatres, hostels, guest houses, food courts, restaurants, education and research centres and club houses have been built for Infosys Technologies Limited in various states of India. For other corporate clients, they have built residential bungalows, campuses, retail showrooms and corporate offices on a contract basis.
Past performance and financial results of Sobhas .
Sobha Limited's revenue decreased by -5.42% and profit after tax (PAT) dropped by -52.87% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,696.49 | 1,258.82 | 1,151.82 |
| Revenue | 3,217.88 | 3,402.43 | 264.53 |
| Profit After Tax | 49.11 | 104.21 | 17.32 |
| Net Worth | 251.41 | 249.47 | |
| Reserves and Surplus | 241.92 | 239.98 | 232.81 |
| Total Borrowing | 191.35 | 200.35 | |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Sobhas Rights Issue Offer Document (Letter of Offer) >>Document
Sobhas Rights Issue Offer Document (Letter of Offer) >>Sobhas Rights Issue Red Herring Prospectus is not yet available.
Sobhas Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Sobhas Rights Issue Online Application (Registrar & Transfer Agent) >>Sobhas Rights Issue RTA information is not yet available.
Last Updated on 2024-07-07T05:32:44+00:00
