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The South Indian Bank Limited is one of the first banks in South India to be established during the Swadeshi movement.
The South Indian Bank offers
| Issue Open | March 6, 2024 - March 20, 2024 |
| Security Name | The South Indian Bank Limited |
| Issue Size (Shares) | 523,185,254 |
| Issue Size (Amount) | ₹1,151.00 Crores |
| Issue Price | ₹22 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Rights Issue Price: Rs.22 per Rights Equity Share fully paid-up (including a premium of Rs.21 per Rights Equity Share) payable on Application. |
| Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | February 26, 2024 |
| Record Date | February 27, 2024 |
| Credit of Rights Entitlements | March 5, 2024 |
| Bid/Offer Opens On | March 6, 2024 |
| Renunciation of Rights Entitlements | March 14, 2024 |
| Bid/Offer Closes On | March 20, 2024 |
| Deemed Date of Allotment | April 5, 2024 |
| Credit Date | April 9, 2024 |
| Listing Date | April 12, 2024 |
The South Indian Bank Limited's revenue increased by 5.57% and profit after tax (PAT) rose by 1630.22% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 107,697.16 | 100,051.87 |
| Revenue | 8,044.55 | 7,620.44 |
| Profit After Tax | 775.31 | 44.81 |
| Net Worth | 6,098.03 | |
| Reserves and Surplus | 6,465.35 | 5,643.69 |
| Total Borrowing | 6,993.85 | 3,294.49 |
| Amount in ₹ Crore | ||
The South Indian Bank Rights Issue 2024 got oversubscribed by 1.44 times by the end of the bidding period with total bid quantity received by BSE and NSE of 754,083,784 shares.
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The South Indian Bank Limited
S.I.B. House, T.B. Road,
P.B. No: 28,
Thrissur - 680001
Phone: 0487-2420 020
Email: sibcorporate@sib.co.in
Website: http://www.southindianbank.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sib.rights2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The The South Indian Bank Rights Issue 2024 opens on March 6, 2024, and closes on March 20, 2024.
The South Indian Bank Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | March 5, 2024 |
| Last Date for renunciation of Rights Entitlements | March 14, 2024 |
| Issue Opening Date | March 6, 2024 |
| Issue Closing Date | March 20, 2024 |
| Date of Allotment (on or about) | April 5, 2024 |
| Date of Credit (on or about) | April 9, 2024 |
| Date of Listing (on or about) | April 12, 2024 |
The South Indian Bank Rights Issue 2024 price is set at ₹22 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date (February 27, 2024).
The record date for the The South Indian Bank Rights Issue 2024 is February 27, 2024.
The issue size of The South Indian Bank Rights Issue 2024 is of 523,185,254 equity shares at ₹22 per share aggregating upto ₹1,151.00 Crores.
The Letter of Offer for The South Indian Bank Rights Issue 2024 can be download here.
You can apply for The South Indian Bank Rights Issue 2024 in two ways:
Steps to apply for The South Indian Bank Rights Issue 2024 using Net Banking (ASBA)
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 The South Indian Bank Rights Issue 2024 using Registrar's website (R-WAP)
1| Link|March 7, 2024 7:07:51 PM
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