Sundaram Finance Holdings Limited Rights Issue (Sundaram Finance Holdings Rights Issue) Detail

May 6, 2021 - Jun 2, 2021

Sundaram Finance Holdings Limited (SFHL) is an investment company focused on the automotive space with investments in 20 portfolio companies, of which 15 companies are involved in the automotive manufacturing value chain. The products manufactured by these companies include axles, axle housing, wheels and suspension, fuel injection equipment, precision aluminium cast products, iron castings, spare parts, and electrical equipment. Several of these portfolio companies are market leaders in their respective segments.
SFHL also provide support services like Information Technology enabled services in areas of accounting, insurance, banking, human resources, telecom, etc. and administrative, managerial, maintenance, transaction and document processing, data entry, reconciliation, training and orientation, and other support services to their Key portfolio companies and various third parties through our Subsidiary.

Sundaram Finance Holdings Rights Issue Detail

Issue OpenMay 6, 2021 - Jun 2, 2021
Security NameSundaram Finance Holdings Limited
Issue Size (Shares)7.10 Crores
Issue Size (Amount)₹355.00 Crores
Issue Price₹50 per share
Face Value₹5 per share
Minimum Lot size
Market Lot1 per share
Listing AtNSE
Terms of PaymentThe full amount of Rs.50 per Rights Equity Share is payable on Application.
Entitlement23 Rights Equity Share for every 49 Equity Shares held on the Record Date

Sundaram Finance Holdings Rights Issue Issue Timetable

Bid/Offer Opens OnMay 6, 2021
Bid/Offer Closes OnJun 2, 2021
Record DateApr 27, 2021
Deemed Date of AllotmentJun 10, 2021
Renunciation of Rights EntitlementsMay 28, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19
Total Assets 1,922.09 2,452.51
Total Revenue 98.47 102.65
Profit After Tax 78.13 137.46

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards:
1. Acquisition of additional shareholding in Brakes India Private Limited (BIPL) from ZF International UK Limited (ZF); and
2. General corporate purposes.

Sundaram Finance Holdings Rights Issue Documents

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Company Contact Information

Sundaram Finance Holdings Limited
21, Patullos Road,
Chennai - 600 002,
Tamil Nadu, India.

Phone: +91 44 2852 1181
Email: investorservices@sundaramholdings.in
Website: http://www.sundaramholdings.in/

Sundaram Finance Holdings Rights Issue Registrar

  1. Cameo Corporate Services Limited
       Cameo Corporate Services Ltd.,
       Subramanian Building # 1, Club House Road,
       Chennai 600 002 - India

    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://online.cameoindia.com/

Sundaram Finance Holdings Rights Issue Lead Manager(s)

Sundaram Finance Holdings Rights Issue FAQs

  1. When is Sundaram Finance Holdings Rights Issue coming?

    The Sundaram Finance Holdings Rights Issue opens on May 6, 2021, and closes on Jun 2, 2021.

  2. What is the schedule for Sundaram Finance Holdings Rights Issue?

    Sundaram Finance Holdings Rights Issue Schedule

    Last Date for credit of Rights EntitlementsMay 5, 2021
    Last Date for renunciation of Rights EntitlementsMay 28, 2021
    Issue Opening DateMay 6, 2021
    Issue Closing DateJun 2, 2021
    Date of Allotment (on or about)Jun 10, 2021
    Date of Credit (on or about)Jun 11, 2021
    Date of Listing (on or about)Jun 15, 2021
  3. What is the issue price for Sundaram Finance Holdings Rights Issue?

    Sundaram Finance Holdings Rights Issue price is set at ₹50 per share per equity share.

  4. In what ratio is the Sundaram Finance Holdings Rights Issue offered?

    The eligible shareholders are being offered 23 Rights Equity Share for every 49 Equity Shares held on the Record Date (Apr 27, 2021).

  5. What is the record date for Sundaram Finance Holdings Rights Issue?

    The record date for the Sundaram Finance Holdings Rights Issue is Apr 27, 2021.

  6. What is the issue size of Sundaram Finance Holdings Rights Issue?

    The issue size of Sundaram Finance Holdings Rights Issue is of 7.10 Crores equity shares at ₹50 per share aggregating upto ₹355.00 Crores.

  7. Where can I get the Letter of Offer for Sundaram Finance Holdings Rights Issue?

    The Letter of Offer for Sundaram Finance Holdings Rights Issue can be download here.

  8. How to apply for Sundaram Finance Holdings Rights Issue?

    You can apply for Sundaram Finance Holdings Rights Issue in two ways:

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

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

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

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