₹17.14 Crores | Listing at BSE | Mon, May 6, 2024 - Tue, May 21, 2024
Sobhagya Merchantile Ltd. Rights Issue comprises 0.8160 Cr equity shares aggregating to ₹17.14 Cr, offered at an issue price of ₹21 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Apr 23, 2024, with the Rights Issue being offered in the entitlement ratio of 34 : 1.
The term of payment is defined as following : 100% of the Issue Price is payable on Application
The Rights Entitlements are expected to be credited to eligible demat accounts on May 28, 2024.
The Rights Issue opens on May 6, 2024, and closes on May 21, 2024, with renunciation of Rights Entitlements permitted up to May 16, 2024.
The deemed date of allotment is May 28, 2024, following which the equity shares are expected to be credited to demat accounts on May 29, 2024 and listed at the BSE on Jun 3, 2024.
Mark Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sobhagya Merchantile Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Apr 23, 2024
Entitlement Ratio
34 : 1
Open Date
Mon, May 6, 2024
Close Date
Tue, May 21, 2024
100% of the Issue Price is payable on Application
Sobhagya Merchantile Ltd.'s revenue increased by 56.5% and profit after tax (PAT) dropped by -2.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 87.78 | 51.87 | 34.97 |
| Revenue | 112.08 | 71.62 | 42.37 |
| Profit After Tax | 10.73 | 10.96 | 7.91 |
| Reserves and Surplus | 35.34 | 24.62 | 13.64 |
| Amount in ₹ Crore | |||
Sobhagya Mercantile Limited (SML) is an infrastructure company that primarily focuses on construction, mining, infrastructure, and related activities. The company has established a solid presence in Infrastructure Construction, Infrastructure Engineering, Mining, and Equipment Leasing, allowing us to provide customer-centric solutions to the fundamental sectors of the economy.
The company proposes to utilize the Net Proceeds towards funding the following Objects:
[Dilip Davda] Investors beware, this counter had its last trade on April 12, 2024, with no indication of its cum-right/ex-right quotes and the latest price. The last trade price of Rs. 36.44 on April 12, 2024, it totally misleading and may tempt investors. But investors can simply ignore this RI from the company that had no regular trades on BSE. Read detail review...
Sobhagya Merchantile Rights Issue 2024 got oversubscribed by 1.3 times by the end of the bidding period with total bid quantity received by BSE of 1,06,31,572 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 21 2024 17:00:00 | 1,06,31,572 | 1.30x |
Sobhagya Merchantile Ltd.
B-61, Floor 6, Plot No. 210 B
Wing Mittal Tower Free Press Journal Marg,
Nariman Point, Mumbai- 400 021
Nariman Point, Maharashtra, 400021
Purva Sharegistry (India) Pvt.Ltd.
The Sobhagya Merchantile Rights Issue 2024 opens on Mon, May 6, 2024, and closes on Tue, May 21, 2024.
Sobhagya Merchantile Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 3, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, May 16, 2024 |
| Issue Opening Date | Mon, May 6, 2024 |
| Issue Closing Date | Tue, May 21, 2024 |
| Date of Allotment (on or about) | Tue, May 28, 2024 |
| Date of Credit (on or about) | Wed, May 29, 2024 |
| Date of Listing (on or about) | Mon, Jun 3, 2024 |
You can apply for Sobhagya Merchantile Rights Issue 2024 in two ways:
Steps to apply for Sobhagya Merchantile Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sobhagya Merchantile Rights Issue 2024 using Registrar's website (R-WAP)
