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The Indian Hotels Company Limited Rights Issue (Indian Hotels Rights Issue) Detail

Nov 24, 2021 - Dec 8, 2021
The Indian Hotels Company Limited Logo

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.

Indian Hotels Rights Issue Detail

Issue Open Nov 24, 2021 - Dec 8, 2021
Security Name The Indian Hotels Company Limited
Issue Size (Shares) 132,139,827
Issue Size (Amount) ₹1,982.10 Crores
Issue Price ₹150 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment The full amount of issue price i.e. ₹ 150 is payable on application.
Entitlement 1 Equity share for Every 9 fully paid up shares held by eligible shareholder on Record date

Indian Hotels Rights Issue Issue Timetable

Record Date Nov 13, 2021
Credit of Rights Entitlements Nov 18, 2021
Bid/Offer Opens On Nov 24, 2021
Renunciation of Rights Entitlements Dec 2, 2021
Bid/Offer Closes On Dec 8, 2021
Deemed Date of Allotment Dec 17, 2021
Credit Date Dec 20, 2021
Listing Date Dec 22, 2021

Company Financials

Summary of financial Information (Consolidated)
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

Indian Hotels Rights Issue Documents

Indian Hotels Rights Issue Rating

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Indian Hotels Rights Issue Reviews

Company Contact Information

The Indian Hotels Company Limited
Mandlik House,
Mandlik Road,
Mumbai 400 001, Maharashtra

Phone: +91 22 6639 5515
Email: investorrelations@tajhotels.com
Website: https://www.ihcltata.com/

Indian Hotels Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: ihcl.rights2021@linkintime.co.in
    Website: https://linkintime.co.in/

Indian Hotels Rights Issue FAQs

The Indian Hotels Rights Issue opens on Nov 24, 2021, and closes on Dec 8, 2021.

Indian Hotels Rights Issue Schedule

Last Date for credit of Rights EntitlementsNov 18, 2021
Last Date for renunciation of Rights EntitlementsDec 2, 2021
Issue Opening DateNov 24, 2021
Issue Closing DateDec 8, 2021
Date of Allotment (on or about)Dec 17, 2021
Date of Credit (on or about)Dec 20, 2021
Date of Listing (on or about)Dec 22, 2021

Indian Hotels Rights Issue price is set at ₹150 per share per equity share.

The eligible shareholders are being offered 1 Equity share for Every 9 fully paid up shares held by eligible shareholder on Record date (Nov 13, 2021).

The record date for the Indian Hotels Rights Issue is Nov 13, 2021.

The issue size of Indian Hotels Rights Issue is of 132,139,827 equity shares at ₹150 per share aggregating upto ₹1,982.10 Crores.

The Letter of Offer for Indian Hotels Rights Issue can be download here.

You can apply for Indian Hotels Rights Issue in two ways:

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

Steps to apply for Indian Hotels 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 Indian Hotels Rights Issue available on the list.
  4. Click the Apply button next to the Indian Hotels 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 Indian Hotels Rights Issue using Registrar's website (R-WAP)

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

31 Comments

31. Manorma Devi     Link|Feb 2, 2022 3:24:23 PM
Sir,
I have been allotted 19 shares of IHCL as intimated to me vide e-mail dated 17 Dec 2021 but same has not yet been credited in my account till date.

Kindly let me know likely date of crediting right issue equity shares of IHCL in my dmat account
30. Dharmesh Pramod Patel     Link|Jan 31, 2022 11:26:44 PM
Applied for Rights through ASBA on 25/11/2021 nor amount yet debited nor any allotment info applied for 25 shares against eligible for 8 shares
29. KRITI BHAGAT     Link|Jan 24, 2022 5:11:24 PM
amount debited from account but shares not received till date
28. Nisha     Link|Jan 7, 2022 10:25:39 AM
So far my account debited with 15 right issue but not yet credited to my demat account .does anyone have a reply to this
27. AK     Link|Jan 6, 2022 7:11:11 PM
Right issue shares is not credited to my Demat account yet. what should I do?
26. Tarapada Das     Link|Dec 31, 2021 10:59:08 PM
My account debited for Rs4050/ on 18. 12.2021 for 27 Right issue shares but till date it is not credited to my Dmat account.
25. R Prabu     Link|Dec 28, 2021 10:20:48 AM
Has the right issue been listed...? It says 22nd Dec 2021 but still the shares allocated is not in my demat account
24. Rahul Gor     Link|Dec 17, 2021 9:17:24 AM
Applied for 20 shares but alloted only 1 will the remaining amount paid be refunded??
24.1. Ashish Turankar     Link|Dec 17, 2021 10:33:26 AM
How did you check the status
24.2. aa     Link|Dec 20, 2021 1:57:34 PM
What was your entitlement.
As i got 60 share (applied) against 46 entitlement
23. Jitendra     Link|Dec 3, 2021 8:31:10 PM
Mere pass ihcl ke shere nahi hai but ihcl-re ke 200 shere hai inka ab kya hoga
23.2. Praveen     Link|Dec 8, 2021 7:07:32 AM
You have to pay 200*150. Posted wrongly in my last update.
23.3. jatin sutariya     Link|Dec 17, 2021 10:06:56 PM
mere pass bhi 200 RE he aur mene koi process nahi kia he to ab kya hoga ?
22. Rajanram     Link|Dec 16, 2021 8:24:00 AM
Indhotel finalized allotment. Notification announced in BSE .
22.1. Shiv Duggal     Link|Dec 16, 2021 6:18:37 PM
Applied 350 shares and got only 1.
21. Rado     Link|Dec 7, 2021 8:18:54 PM
I have RE of 5 Shares from India Hotel company limited . However i have applied for Right issue of additional shares that the Entitlement .
Will the additional shares be allotted at a discounted price of Rs. 150 per share , if yes how to check when & how the allotment will happen.
if no then will the amount paid for additional shares be refunded back to the account from where the payment was made.
21.1. Rado     Link|Dec 13, 2021 10:53:43 PM
Can anyone please clarify , ihcl has mentioned the deemed allotment date as 17th December 2021.
Will I be alloted the additional shares I have purchased at R.150 .
If it is not alloted when can I receive the credit bank to my account
21.2. IPO Mitr     Link|Dec 14, 2021 1:22:31 AM
There is no guarantee that you will get additional shares applied by you. Additional shares are allotted in proportion to your entitlement and also based on how many investors have not applied for the shares they are entitled to.

Any additional amount you paid beyond your allotted shares will get refunded to you within few days.
20. rohit     Link|Dec 8, 2021 11:23:17 AM
in how many days we will get rights issues stocks credit , payment done in last week ?
19. Pet     Link|Dec 8, 2021 8:39:16 AM
How and when can i sell the rights shares which i have already paid through linkintime website?
19.1. ssd     Link|Dec 8, 2021 11:11:55 AM
you will able to sell the right issue when right isuue share credited in your demat account
18. krishan     Link|Nov 25, 2021 12:57:39 PM
PNB bank not shown in bank list ,how to payment
18.1. Rema Devi     Link|Dec 8, 2021 7:23:16 AM
can i pay the due amount by cheque in any bank in delhi
17. Vandana Jaiswal     Link|Dec 6, 2021 5:37:06 PM
Mr. Prikshit Raj Mehra, presently residing at D-280, Defence Colony, New Delhi – 110024, (Folio No- V0007262- joint holder with Smt. Vidya Mehra), wants to apply for Rights Issue of your Company. We would like to inform you that Lt. Smt. Vidya Mehra expired on 15th January, 2009 at New Delhi and transmission has not been applied so far for the existing shares under the said Folio Number.

Based on the above details, could you please advise how to apply for rights issue by the surviving shareholders.
16. Deepak     Link|Dec 6, 2021 2:01:09 PM
I have held 2 right issue share but applied 1 right issue share and i try to again 1 share apply but he is show already aaplied how can i apply again right issue share please reply me
15. R.K. GUPTA     Link|Dec 3, 2021 7:30:17 PM
I HAVE 35 SHARE RIGHT ISSUE FROM NSE. BUT TODAY NO PRICE SHOWING BY NSE/BSE. CA N I APPLY FOR THE RIGHT ISSUE
15.1. Ram     Link|Dec 5, 2021 2:27:24 PM
Yes apply for rights issue against re numbers up to 8.12.21
14. Jitendra     Link|Dec 3, 2021 8:32:57 PM
Mere pass ihcl ke shere nahi hai but ihcl-re ke 200 shere hai inka ab kya hoga
13. Yash     Link|Dec 3, 2021 1:23:20 PM
Mere pass indian hotel k share nahi hai to mai kaya apply kar sakta hu
12. paresh rana.     Link|Dec 3, 2021 11:58:01 AM
Hi Aniket Sir,

Is it good to apply the Rights issue of The Indian Hotel at 150rs., the ratio is 1 share for every 9 shares held in demat, cmp around 190rs. please advise.