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Sobhagya Merchantile Ltd. Rights Issue (Sobhagya Merchantile Rights Issue 2024) Detail

May 6, 2024 - May 21, 2024
Sobhagya Merchantile Ltd. Logo

Sobhagya Mercantile Limited (SML) is an infrastructure company that primarily focuses on construction, mining, infrastructure, and related activities. The company has established a solid presence in Infrastructure Construction, Infrastructure Engineering, Mining, and Equipment Leasing, allowing us to provide customer-centric solutions to the fundamental sectors of the economy.

Sobhagya Merchantile Rights Issue 2024 Detail

Issue Open May 6, 2024 - May 21, 2024
Security Name Sobhagya Merchantile Ltd.
Issue Size (Shares) 8,160,000
Issue Size (Amount) ₹17.14 Crores
Issue Price ₹21 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

100% of the Issue Price is payable on Application

Entitlement 34 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Sobhagya Merchantile Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 22, 2024
Record Date April 23, 2024
Credit of Rights Entitlements May 3, 2024
Bid/Offer Opens On May 6, 2024
Renunciation of Rights Entitlements May 16, 2024
Bid/Offer Closes On May 21, 2024
Deemed Date of Allotment May 28, 2024
Credit Date May 29, 2024
Listing Date June 3, 2024

Company Financials

Sobhagya Merchantile Ltd. Financial Information (Restated Standalone)

Sobhagya Merchantile Ltd.'s revenue increased by 56.5% and profit after tax (PAT) dropped by -2.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets87.7851.8734.97
Revenue112.0871.6242.37
Profit After Tax10.7310.967.91
Reserves and Surplus35.3424.6213.64
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding the following Objects:

  1. For Working Capital Purposes; and
  2. General Corporate Purposes.

Sobhagya Merchantile Rights Issue 2024 Subscription Status

Sobhagya Merchantile Rights Issue 2024 got oversubscribed by 1.3 times by the end of the bidding period with total bid quantity received by BSE of 10,631,572 shares.

Sobhagya Merchantile Rights Issue 2024 Documents

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Company Contact Information

Sobhagya Merchantile Ltd.
B-61, Floor 6, Plot No. 210 B
Wing Mittal Tower Free Press Journal Marg,
Nariman Point, Mumbai- 400 021

Phone: 022-22882125
Email: sobhagyamercantile9@gmail.com
Website: https://www.sobhagyaltd.com/

Sobhagya Merchantile Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: newissue@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Sobhagya Merchantile Rights Issue 2024 Lead Manager(s)

Sobhagya Merchantile Rights Issue 2024 FAQs

The Sobhagya Merchantile Rights Issue 2024 opens on May 6, 2024, and closes on May 21, 2024.

Sobhagya Merchantile Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsMay 3, 2024
Last Date for renunciation of Rights EntitlementsMay 16, 2024
Issue Opening DateMay 6, 2024
Issue Closing DateMay 21, 2024
Date of Allotment (on or about)May 28, 2024
Date of Credit (on or about)May 29, 2024
Date of Listing (on or about)June 3, 2024

Sobhagya Merchantile Rights Issue 2024 price is set at ₹21 per share per equity share.

The eligible shareholders are being offered 34 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (April 23, 2024).

The record date for the Sobhagya Merchantile Rights Issue 2024 is April 23, 2024.

The issue size of Sobhagya Merchantile Rights Issue 2024 is of 8,160,000 equity shares at ₹21 per share aggregating upto ₹17.14 Crores.

The Letter of Offer for Sobhagya Merchantile Rights Issue 2024 can be download here.

You can apply for Sobhagya Merchantile Rights Issue 2024 in two ways:

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

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

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

1 Comments

1. Murthy     Link|April 22, 2024 9:46:41 AM
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c90022c3-d9f5-4f65-9484-0148837ca1fb.pdf

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