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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.
| 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 |
| Last Date to buy shares | June 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,696.49 | 1,258.82 | 1,151.82 |
| Revenue | 3,217.88 | 3,402.43 | 264.53 |
| Profit After Tax | 49.11 | 104.21 | 17.32 |
| Net Worth | 251.41 | 249.47 | |
| Reserves and Surplus | 241.92 | 239.98 | 232.81 |
| Total Borrowing | 191.35 | 200.35 | |
| Amount in ₹ Crore | |||
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
Sobha Rights Issues 2024 got oversubscribed by 1.4 times by the end of the bidding period with total bid quantity received by BSE and NSE of 16,908,222 shares.
5 3.6 Rating:  Vote Here ... |
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/
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
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 Entitlements | June 27, 2024 |
| Last Date for renunciation of Rights Entitlements | July 1, 2024 |
| Issue Opening Date | June 28, 2024 |
| Issue Closing Date | July 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:
Steps to apply for Sobha Rights Issues 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 Sobha Rights Issues 2024 using Registrar's website (R-WAP)
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