₹10.75 Crores | Listing at BSE | Mon, May 15, 2023 - Fri, Jun 2, 2023
Samor Reality Limited Rights Issue comprises 1.08 Cr equity shares aggregating to ₹10.75 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 2, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : Total amount payable on application at Rs. 10/- per Rights Equity Share.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 8, 2023.
The Rights Issue opens on May 15, 2023, and closes on Jun 2, 2023, with renunciation of Rights Entitlements permitted up to May 29, 2023.
The deemed date of allotment is Jun 8, 2023, following which the equity shares are expected to be credited to demat accounts on Jun 12, 2023 and listed at the BSE on Jun 14, 2023.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Samor Reality Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, May 2, 2023
Entitlement Ratio
1 : 1
Open Date
Mon, May 15, 2023
Close Date
Fri, Jun 2, 2023
Total amount payable on application at Rs. 10/- per Rights Equity Share.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 10.87 | 9.64 | 0.10 | 9.64 |
| 31-Mar-22 | 11.79 | 17.38 | 0.11 | 17.38 |
| Amount in ₹ Crore | ||||
Incorporated in the year 2020, Samor Reality Limited is an integrated construction and real estate development company. The company is focused primarily on the construction and development of residential and commercial projects, in and around Ahmedabad, Gujarat.
Samor Reality has established a successful track record in the real estate industry in Ahmedabad, Gujarat by developing versatile projects through their innovative architecture, strong project execution, and quality construction.
The Company creates homes, retail spaces, commercial spaces, and business centers. Samor Reality believes in delivering value to all our customers & partners by creating world-class products.
The company's project includes The Gold SkyVilla, The Gold By Samor, Samor Heights, Samor Residency, and Samor Elegance. The company's projects are marketed under the brand name "Samor" such as Samor Height.
The Company proposes to utilize the Net Proceeds towards:
[Dilip Davda] SRL has been faring poorly since its maiden IPO in October 2021 at a price of Rs. 62 per share. It is now coming out with its second RI at par after its first RI at a price of Rs. 25 per share in December 22. Thus, while it fares poorly on the financial performance front, its offer price is declining. Surprisingly, its counter price is maintained with thin and irregular trades indicating some vested interest game. Doubling paid-up equity capital will pose a servicing issue. Though this at par RI appears attractive as its last traded price is Rs. 45 per share, investors may skip this risky bet. Read detail review...
Samor Reality Limited
FO F.401, Shop Atlantis,
Near Reliance Pump, Prahladnagar Road, Anandnagar
Satellite, Ahmedabad – 380015
Ahmedabad, Gujarat, 380015
The Samor Reality Rights Issue 2023 opens on Mon, May 15, 2023, and closes on Fri, Jun 2, 2023.
Samor Reality Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 12, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, May 29, 2023 |
| Issue Opening Date | Mon, May 15, 2023 |
| Issue Closing Date | Fri, Jun 2, 2023 |
| Date of Allotment (on or about) | Thu, Jun 8, 2023 |
| Date of Credit (on or about) | Mon, Jun 12, 2023 |
| Date of Listing (on or about) | Wed, Jun 14, 2023 |
You can apply for Samor Reality Rights Issue 2023 in two ways:
Steps to apply for Samor Reality Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Samor Reality Rights Issue 2023 using Registrar's website (R-WAP)
