ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

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

₹355.00 Crores | Listing at NSE | Thu, May 6, 2021 - Fri, Jun 4, 2021

Rights Issue Detail
Messages
Subscription
Review
Allotment
BOA
News
Calc
FAQs
Sundaram Finance Holdings Limited Logo

Sundaram Finance Holdings Limited Rights Issue comprises 7.10 Cr equity shares aggregating to ₹355.00 Cr, offered at an issue price of ₹50 per share with a face value of ₹5 per share.

The record date for determining eligible shareholders is Apr 27, 2021.

As per the terms of payment, ₹50 per share payable in full at the time of application.

The Rights Entitlements are expected to be credited to eligible demat accounts on May 5, 2021.

The Rights Issue opens on May 6, 2021 and closes on Jun 4, 2021.

The deemed date of allotment is Jun 10, 2021, following which the equity shares are expected to be credited to demat accounts on Jun 11, 2021 and listed on the NSE on Jun 15, 2021.

JM Financial Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Sundaram Finance Holdings Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Tue, Apr 27, 2021

Entitlement Ratio

:

Open Date

Thu, May 6, 2021

Close Date

Fri, Jun 4, 2021

Rights Issue Details

Rights Issue Timetable

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

About Sundaram Finance Holdings Limited

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.

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.

Rights Issue Review

[Dilip Davda] Though the group follows conservative policy, it is still considered a worthy investment based on its track records. Investors may apply for this rights issue with long term perspectives. Read detail review...

Company Contact Information

Sundaram Finance Holdings Limited
21, Patullos Road,
Chennai - 600 002,
Tamil Nadu, India.
Indi, Karnataka, 600002

  • +91 44 2852 1181
  • investorservices@sundaramholdings.in
  • Visit Website

Rights Issue Registrar

Cameo Corporate Services Ltd.

Rights Issue Lead Manager(s)

  1. JM Financial Ltd.

Quick/Useful Links

Open an Instant Account with Zerodha

Rights Issue FAQs

The Sundaram Finance Holdings Rights Issue opens on Thu, May 6, 2021, and closes on Fri, Jun 4, 2021.

Sundaram Finance Holdings Rights Issue Schedule

Last Date for credit of Rights EntitlementsWed, May 5, 2021
Last Date for renunciation of Rights EntitlementsFri, May 28, 2021
Issue Opening DateThu, May 6, 2021
Issue Closing DateFri, Jun 4, 2021
Date of Allotment (on or about)Thu, Jun 10, 2021
Date of Credit (on or about)Fri, Jun 11, 2021
Date of Listing (on or about)Tue, Jun 15, 2021
Sundaram Finance Holdings Rights Issue price is set at ₹50 per share.
The eligible shareholders are being offered 23 Rights Equity Share for every 49 Equity Shares held on the Record Date (Tue, Apr 27, 2021).
The record date for the Sundaram Finance Holdings Rights Issue is Tue, Apr 27, 2021.
The issue size of Sundaram Finance Holdings Rights Issue is of 7,10,00,000 equity shares at ₹50 per share aggregating up to ₹355.00 Crores.
The Letter of Offer for Sundaram Finance Holdings Rights Issue can be downloaded here.

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 is 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.

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.
🔗 Sundaram Finance Holdings Rights Issue Latest Update
Read More About Rights Issue Shares

Compare: