₹48.94 Crores | Listing at BSE, NSE | Wed, Apr 26, 2023 - Thu, May 11, 2023
Som Distilleries And Breweries Limited Rights Issue comprises 0.3496 Cr equity shares aggregating to ₹48.94 Cr, offered at an issue price of ₹140 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is Apr 14, 2023, with the Rights Issue being offered in the entitlement ratio of 10 : 211.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 140/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 19, 2023.
The Rights Issue opens on Apr 26, 2023, and closes on May 11, 2023, with renunciation of Rights Entitlements permitted up to May 8, 2023.
The deemed date of allotment is May 19, 2023, following which the equity shares are expected to be credited to demat accounts on May 23, 2023 and listed at the NSE and the BSE on May 29, 2023.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and MAS Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Som Distilleries And Breweries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Apr 14, 2023
Entitlement Ratio
10 : 211
Open Date
Wed, Apr 26, 2023
Close Date
Thu, May 11, 2023
The full amount of the Issue Price being Rs. 140/- will be payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 711.50 | 509.66 | -38.07 |
| 31-Mar-22 | 699.39 | 656.50 | -9.84 |
| Amount in ₹ Crore | |||
Incorporated in 1993, Som Distilleries And Breweries Limited have an exceptional portfolio of brands across the spectrum of Spirits, Beer, and Alcopop. The Group was set more than three decades ago and is constantly aspiring to soar higher with its innovations.
The company's mission has been to deliver value-added high-quality products and it will continue to do so in the years to come.
SOM is India's first company to own a portfolio of spirits, ready-to-drink along with Rectified Spirits (RS), beers, and Ethyl Neutral Alcohol (ENA). SOM made its mark across the country and world by catering to the taste of the customers of a particular region.
Som Distilleries has its brews, blends, and ready-to-drink offerings for customers under different brands. Hunter, the flagship brand of the company is a forerunner in the strong beer category. Some other brands of the company include:
The company intends to utilize the proceeds raised through the Issue for the following objects:
[Dilip Davda] The company has been incurring losses for the previous two fiscals. It has marked a sharp turnaround for 9M of FY23 and based on this it is asking a fancy premium for its RI. The breweries segment is catching the attention of investors of late. Well-informed/cash surplus/risk seeker investors may consider parking funds with a long-term perspective. Read detail review...
Som Distilleries And Breweries Limited
I-A, Zee Plaza, Arjun Nagar,
Safdarjung Enclave, Kamal Cinema Road,
New Delhi - 110029
New Delhi, New Delhi, 110029
The Som Distilleries Rights Issue 2023 opens on Wed, Apr 26, 2023, and closes on Thu, May 11, 2023.
Som Distilleries Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Tue, Apr 25, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, May 8, 2023 |
| Issue Opening Date | Wed, Apr 26, 2023 |
| Issue Closing Date | Thu, May 11, 2023 |
| Date of Allotment (on or about) | Fri, May 19, 2023 |
| Date of Credit (on or about) | Tue, May 23, 2023 |
| Date of Listing (on or about) | Mon, May 29, 2023 |
You can apply for Som Distilleries Rights Issue 2023 in two ways:
Steps to apply for Som Distilleries Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Som Distilleries Rights Issue 2023 using Registrar's website (R-WAP)
