EIH Limited Rights Issue (EIH Ltd Rights Issue) Detail

Sep 29, 2020 - Oct 13, 2020

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 OpenSep 29, 2020 - Oct 13, 2020
Security NameEIH Limited
Issue Size (Shares)5.38 Crores
Issue Size (Amount)₹349.67 Crores
Issue Price₹65 per share
Face Value₹2 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE
Terms of PaymentThe full amount of ₹65 per Rights Equity Share is payable on Application.
Entitlement8 Rights Equity Share for every 85 Fully Paid-up equity shares held on the Record Date

EIH Ltd Rights Issue Issue Timetable

Bid/Offer Opens OnSep 29, 2020
Bid/Offer Closes OnOct 13, 2020
Record DateSep 23, 2020
Deemed Date of AllotmentOct 22, 2020

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (₹ 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
Email: isdho@oberiogroup.com
Website: https://www.eihltd.com/

EIH Ltd Rights Issue Registrar

  1. KFintech Private Limited
       Selenium Building, Tower-B, Plot No 31 & 32,
       Financial District,Nanakramguda, Serilingampally,
       Rangareddi, Telangana India - 500 032.

    Phone: 1-800-3454001
    Email: eihltd.rights@kfintech.com
    Website: https://karisma.kfintech.com/

EIH Ltd Rights Issue Lead Manager(s)

EIH Ltd Rights Issue FAQs

  1. When is EIH Ltd Rights Issue coming?

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

  2. What is the schedule for EIH Ltd Rights Issue?

    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
  3. What is the issue price for EIH Ltd Rights Issue?

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

  4. In what ratio is the EIH Ltd Rights Issue offered?

    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).

  5. What is the record date for EIH Ltd Rights Issue?

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

  6. What is the issue size of EIH Ltd Rights Issue?

    The issue size of EIH Ltd Rights Issue is of 5.38 Crores equity shares at ₹65 per share aggregating upto ₹349.67 Crores.

  7. Where can I get the Letter of Offer for EIH Ltd Rights Issue?

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

  8. How to apply for EIH Ltd Rights Issue?

    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 Comments

Bhopal Investor
3. Bhopal Investor  Oct 5, 2020 17:35 I Like It. | Report Abuse Reply
SBI ABSA not showing EIH Rights issue. How to apply as I have account in SBI only.
Bappa
2. Bappa  Sep 30, 2020 18:44 I Like It. | Report Abuse Reply
Good to see.... Right stock to apply
Singhv
1. Singhv  Sep 28, 2020 17:04 I Like It. | Report Abuse Reply
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/-.








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