₹2,000.00 Crores | Listing at BSE, NSE | Fri, Jun 28, 2024 - Thu, Jul 4, 2024
Sobha Limited Rights Issue comprises 1.21 Cr equity shares aggregating to ₹2,000.00 Cr, offered at an issue price of ₹1651 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jun 19, 2024, with the Rights Issue being offered in the entitlement ratio of 6 : 47.
The term of payment is defined as following : Rs. 825 on application. Rs. 825 in not more than two subsequent Calls, with terms and conditions such as the number of Calls and the timing and quantum of each Call as may be decided by our Board/ Rights Issue Committee from time to time, to be completed on or prior to December 31, 2025.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 12, 2024.
The Rights Issue opens on Jun 28, 2024, and closes on Jul 4, 2024, with renunciation of Rights Entitlements permitted up to Jul 1, 2024.
The deemed date of allotment is Jul 12, 2024, following which the equity shares are expected to be credited to demat accounts on Jul 15, 2024 and listed at the NSE and the BSE on Jul 16, 2024.
JM Financial 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 Sobha Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jun 19, 2024
Entitlement Ratio
6 : 47
Open Date
Fri, Jun 28, 2024
Close Date
Thu, Jul 4, 2024
Rs. 825 on application. Rs. 825 in not more than two subsequent Calls, with terms and conditions such as the number of Calls and the timing and quantum of each Call as may be decided by our Board/ Rights Issue Committee from time to time, to be completed on or prior to December 31, 2025.
Sobha Limited's revenue decreased by -5.42% and profit after tax (PAT) dropped by -52.87% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,696.49 | 1,258.82 | 1,151.82 |
| Revenue | 3,217.88 | 3,402.43 | 264.53 |
| Profit After Tax | 49.11 | 104.21 | 17.32 |
| Net Worth | 251.41 | 249.47 | |
| Reserves and Surplus | 241.92 | 239.98 | 232.81 |
| Total Borrowing | 191.35 | 200.35 | |
| Amount in ₹ Crore | |||
Established in 1995 in Bangalore, Sobha Limited is a real estate development and construction company focusing on residential and contract projects. The company has constructed residential projects in Bangalore in the state of Karnataka and other projects on contract basis in eight states of India: Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana and Maharashtra.
The company's residential projects include presidential apartments, villas, townhouses, super luxury apartments and luxury apartments with amenities such as clubhouse, swimming pool and shopping mall.
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in real estate constructions and related material manufacturing. It posted inconsistency in its top and bottom lines for the reported periods with declining trends in net profits. It has bright prospects ahead and considering this, well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
Sobha Rights Issues 2024 got oversubscribed by 1.4 times by the end of the bidding period with total bid quantity received by BSE and NSE of 1,69,08,222 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jul 04 2024 17:00:00 | 1,35,16,310 | 33,91,912 | 33,91,912 | 0.28x |
Sobha Limited
‘SOBHA’, SARJAPUR – MARATHALLI OUTER RING RO
BELLANDUR POST,
BANGALORE – 560103
Banga, Punjab, 560103
The Sobha Rights Issues 2024 opens on Fri, Jun 28, 2024, and closes on Thu, Jul 4, 2024.
Sobha Rights Issues 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Jun 27, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Jul 1, 2024 |
| Issue Opening Date | Fri, Jun 28, 2024 |
| Issue Closing Date | Thu, Jul 4, 2024 |
| Date of Allotment (on or about) | Fri, Jul 12, 2024 |
| Date of Credit (on or about) | Mon, Jul 15, 2024 |
| Date of Listing (on or about) | Tue, Jul 16, 2024 |
You can apply for Sobha Rights Issues 2024 in two ways:
Steps to apply for Sobha Rights Issues 2024 using Net Banking (ASBA)
Steps to apply for Sobha Rights Issues 2024 using Registrar's website (R-WAP)
