EIH Limited Rights Issue (EIH Ltd Rights Issue) Detail

Sep 29, 2020 - Oct 13, 2020
EIH Limited Logo
Incorporated in May 1949 as 'The East India Hotels Limited' as a public limited company, the company got its name changed to EIH Limited (EIH) in November 1996. EIH is the flagship company of the Oberoi group and is one of the largest and most reputed names in the hospitality industry in India. The company operates its five-star hotels under the brand of 'Oberoi and Trident' and has its presence in major tourist destinations in India as well as globally in Bali, Dubai, Mauritius, Indonesia, and Egypt. EIH has its hotels in India in Mumbai, Delhi, Bengaluru, Kolkata, Udaipur, Ranthambore, Agra, Jaipur, Shimla, Himalayas, Cochin, and Bhubaneshwar. Apart from the primary hotel business, EIH is also engaged in providing flight and airport services, car rentals, air charter services, and a printing press. EIH has 10 Subsidiaries, three Associates, and two Joint Ventures. The company does not have a holding company. EIH also owns a luxury cruiser motor vessel in Cochin and Maidens Hotel in Delhi. EIH has a 12 member board team with a vast amount of experience in the hospitality industry. EIH has consecutively won many awards as Best Hotel group, World's Leading Luxury Hotel brand received by the Oberoi group of hotels for their services.

EIH Ltd Rights Issue Detail

Issue Open Sep 29, 2020 - Oct 13, 2020
Security Name EIH Limited
Issue Size (Shares) 53,794,768
Issue Size (Amount) ₹349.67 Crores
Issue Price ₹65 per share
Face Value ₹2 per share
Listing At BSE
Terms of Payment The full amount of Rs 65 per Rights Equity Share is payable on Application.
Entitlement 8 Rights Equity Share for every 85 Fully Paid-up equity shares held on the Record Date

EIH Ltd Rights Issue Issue Timetable

Record Date Sep 23, 2020
Credit of Rights Entitlements
Bid/Offer Opens On Sep 29, 2020
Renunciation of Rights Entitlements
Bid/Offer Closes On Oct 13, 2020
Deemed Date of Allotment Oct 22, 2020
Credit Date Oct 23, 2020
Listing Date Oct 27, 2020

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19
Total Assets 44,519.32 42,518.07
Total Revenue 15,962.53 18,108.20
Profit After Tax 1,651.43 1,489.57

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Repayment/ prepayment in full or in part, of borrowings availed by the Company; and 2. General corporate purposes.

EIH Ltd Rights Issue Documents

EIH Ltd Rights Issue Rating

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EIH Ltd Rights Issue Reviews

Company Contact Information

EIH Limited
4 Mangoe Lane,
Kolkata 700 001,

Phone: +91 33 4000 2200

EIH Ltd Rights Issue Registrar

  1. KFin Technologies Limited
    Phone: 04067162222, 04079611000

EIH Ltd Rights Issue Lead Manager(s)

EIH Ltd Rights Issue FAQs

The EIH Ltd Rights Issue opens on Sep 29, 2020, and closes on Oct 13, 2020.

EIH Ltd Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateSep 29, 2020
Issue Closing DateOct 13, 2020
Date of Allotment (on or about)Oct 22, 2020
Date of Credit (on or about)Oct 23, 2020
Date of Listing (on or about)Oct 27, 2020

EIH Ltd Rights Issue price is set at ₹65 per share per equity share.

The eligible shareholders are being offered 8 Rights Equity Share for every 85 Fully Paid-up equity shares held on the Record Date (Sep 23, 2020).

The record date for the EIH Ltd Rights Issue is Sep 23, 2020.

The issue size of EIH Ltd Rights Issue is of 53,794,768 equity shares at ₹65 per share aggregating upto ₹349.67 Crores.

The Letter of Offer for EIH Ltd Rights Issue can be download here.

You can apply for EIH Ltd Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for EIH Ltd Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the EIH Ltd Rights Issue available on the list.
  4. Click the Apply button next to the EIH Ltd Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for EIH Ltd Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select EIH Ltd Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.


3. Bhopal Investor     Link|Oct 5, 2020 6:35:28 PM
SBI ABSA not showing EIH Rights issue. How to apply as I have account in SBI only.
2. Bappa     Link|Sep 30, 2020 7:44:15 PM
Good to see.... Right stock to apply
1. Singhv     Link|Sep 28, 2020 6:04:48 PM
At current level@₹82/-,20% gain expected.But the record date was 23.09.2020.
Those having 85 shares on record date in their demat ac will get 8 shares @₹65/-.