₹1,982.10 Crores | Listing at BSE, NSE | Wed, Nov 24, 2021 - Wed, Dec 8, 2021
The Indian Hotels Company Limited Rights Issue comprises 13.21 Cr equity shares aggregating to ₹1,982.10 Cr, offered at an issue price of ₹150 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Nov 13, 2021.
The term of payment is defined as following : The full amount of issue price i.e. ₹ 150 is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 17, 2021.
The Rights Issue opens on Nov 24, 2021, and closes on Dec 8, 2021, with renunciation of Rights Entitlements permitted up to Dec 2, 2021.
The deemed date of allotment is Dec 17, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 20, 2021 and listed at the NSE and the BSE on Dec 22, 2021.
HSBC Securities & Capital Markets (India) Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the The Indian Hotels Company Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Nov 13, 2021
Entitlement Ratio
:
Open Date
Wed, Nov 24, 2021
Close Date
Wed, Dec 8, 2021
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 115,127.1 | 115,182.6 | |
| Total Income | 17,398.8 | 45,955.6 | |
| Profit After Tax | - 6,942.1 | 3,507.7 | |
Founded in 1868, The Indian Hotels Company Limited (IHCL) is South Asia's largest hospitality company by market capitalization and manages a portfolio of hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services. The company's brands include - Taj, Vivanta, Salaqtions, and Ginger hotels. The company is a subsidiary of the Tata Group conglomerate.
IHCL is present in more than 12 countries around 200 hotels worldwide. The company has more than 34,000 employees worldwide. The majority of the company's revenue comes from the domestic Indian market in which the company has a strong presence of 179 Hotels across 26 states/UTs.
[Dilip Davda] The company has the flagship brand TAJ and is owned by the Tata group. RI pricing is at a discount to its current price movements. The industry is slowly gaining back momentum and is expected to be in full force in the near term. Investors may invest in this most popular hospitality sector brand for long term rewards. Read detail review...
The Indian Hotels Company Limited
Mandlik House,
Mandlik Road,
Mumbai 400 001, Maharashtra
Mumbai, Maharashtra, 400001
The Indian Hotels Rights Issue opens on Wed, Nov 24, 2021, and closes on Wed, Dec 8, 2021.
Indian Hotels Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Nov 18, 2021 |
| Last Date for renunciation of Rights Entitlements | Thu, Dec 2, 2021 |
| Issue Opening Date | Wed, Nov 24, 2021 |
| Issue Closing Date | Wed, Dec 8, 2021 |
| Date of Allotment (on or about) | Fri, Dec 17, 2021 |
| Date of Credit (on or about) | Mon, Dec 20, 2021 |
| Date of Listing (on or about) | Wed, Dec 22, 2021 |
You can apply for Indian Hotels Rights Issue in two ways:
Steps to apply for Indian Hotels Rights Issue using Net Banking (ASBA)
Steps to apply for Indian Hotels Rights Issue using Registrar's website (R-WAP)
