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Sobha Limited Rights Issue (Sobha Rights Issues 2024) Detail

June 28, 2024 - July 4, 2024
Sobha Limited Logo

Established in 1995 in Bangalore, Sobha Limited is a real estate development and construction company focusing on residential and contract projects. The company has constructed residential projects in Bangalore in the state of Karnataka and other projects on contract basis in eight states of India: Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana and Maharashtra.

The company's residential projects include presidential apartments, villas, townhouses, super luxury apartments and luxury apartments with amenities such as clubhouse, swimming pool and shopping mall.

Sobha Rights Issues 2024 Detail

Issue Open June 28, 2024 - July 4, 2024
Security Name Sobha Limited
Issue Size (Shares) 12,107,981
Issue Size (Amount) ₹2,000.00 Crores
Issue Price ₹1651 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Rs. 825 on application. Rs. 825 in not more than two subsequent Calls, with terms and conditions such as the number of Calls and the timing and quantum of each Call as may be decided by our Board/ Rights Issue Committee from time to time, to be completed on or prior to December 31, 2025.

Entitlement 6 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date

Sobha Rights Issues 2024 Issue Timetable

Last Date to buy sharesJune 18, 2024
Record Date June 19, 2024
Credit of Rights Entitlements June 27, 2024
Bid/Offer Opens On June 28, 2024
Renunciation of Rights Entitlements July 1, 2024
Bid/Offer Closes On July 4, 2024
Deemed Date of Allotment July 12, 2024
Credit Date July 15, 2024
Listing Date July 16, 2024

Company Financials

Sobha Limited Financial Information (Restated Consolidated)

Sobha Limited's revenue decreased by -5.42% and profit after tax (PAT) dropped by -52.87% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets13,696.491,258.821,151.82
Revenue3,217.883,402.43264.53
Profit After Tax49.11104.2117.32
Net Worth251.41249.47
Reserves and Surplus241.92239.98232.81
Total Borrowing191.35200.35
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company;
  2. Funding certain project-related expenses for Ongoing Projects and Forthcoming Projects;
  3. Purchase of equipment and machinery; and
  4. Funding acquisition of unidentified land parcels and general corporate purposes.

Sobha Rights Issues 2024 Subscription Status

Sobha Rights Issues 2024 is subscribed 0.63 times as on June 28, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 7,585,912 shares.

Sobha Rights Issues 2024 Documents

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Company Contact Information

Sobha Limited
‘SOBHA’, SARJAPUR – MARATHALLI OUTER RING RO
BELLANDUR POST,
BANGALORE – 560103

Phone: +91 80-49320000
Email: rights.issue@sobha.com
Website: http://www.sobha.com/

Sobha Rights Issues 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: sobha.rights2024@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Sobha Rights Issues 2024 Lead Manager(s)

Sobha Rights Issues 2024 FAQs

The Sobha Rights Issues 2024 opens on June 28, 2024, and closes on July 4, 2024.

Sobha Rights Issues 2024 Schedule

Last Date for credit of Rights EntitlementsJune 27, 2024
Last Date for renunciation of Rights EntitlementsJuly 1, 2024
Issue Opening DateJune 28, 2024
Issue Closing DateJuly 4, 2024
Date of Allotment (on or about)July 12, 2024
Date of Credit (on or about)July 15, 2024
Date of Listing (on or about)July 16, 2024

Sobha Rights Issues 2024 price is set at ₹1651 per share per equity share.

The eligible shareholders are being offered 6 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date (June 19, 2024).

The record date for the Sobha Rights Issues 2024 is June 19, 2024.

The issue size of Sobha Rights Issues 2024 is of 12,107,981 equity shares at ₹1651 per share aggregating upto ₹2,000.00 Crores.

The Letter of Offer for Sobha Rights Issues 2024 can be download here.

You can apply for Sobha Rights Issues 2024 in two ways:

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

Steps to apply for Sobha Rights Issues 2024 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 Sobha Rights Issues 2024 available on the list.
  4. Click the Apply button next to the Sobha Rights Issues 2024.
  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 Sobha Rights Issues 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sobha Rights Issues 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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