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

May 6, 2021 - June 4, 2021
Sundaram Finance Holdings Limited Logo
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.

Sundaram Finance Holdings Rights Issue Detail

Issue Open May 6, 2021 - June 4, 2021
Security Name Sundaram Finance Holdings Limited
Issue Size (Shares) 71,000,000
Issue Size (Amount) ₹355.00 Crores
Issue Price ₹50 per share
Face Value ₹5 per share
Listing At NSE
Terms of Payment The full amount of Rs.50 per Rights Equity Share is payable on Application.
Entitlement 23 Rights Equity Share for every 49 Equity Shares held on the Record Date

Sundaram Finance Holdings Rights Issue Issue Timetable

Record Date April 27, 2021
Credit of Rights Entitlements May 5, 2021
Bid/Offer Opens On May 6, 2021
Renunciation of Rights Entitlements May 28, 2021
Bid/Offer Closes On June 4, 2021
Deemed Date of Allotment June 10, 2021
Credit Date June 11, 2021
Listing Date June 15, 2021

Company Financials

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

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.

Sundaram Finance Holdings Rights Issue Documents

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Company Contact Information

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

Phone: +91 44 2852 1181
Email: investorservices@sundaramholdings.in
Website: http://www.sundaramholdings.in/

Sundaram Finance Holdings Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

Sundaram Finance Holdings Rights Issue Lead Manager(s)

Sundaram Finance Holdings Rights Issue FAQs

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

Sundaram Finance Holdings Rights Issue Schedule

Last Date for credit of Rights EntitlementsMay 5, 2021
Last Date for renunciation of Rights EntitlementsMay 28, 2021
Issue Opening DateMay 6, 2021
Issue Closing DateJune 4, 2021
Date of Allotment (on or about)June 10, 2021
Date of Credit (on or about)June 11, 2021
Date of Listing (on or about)June 15, 2021

Sundaram Finance Holdings Rights Issue price is set at ₹50 per share per equity share.

The eligible shareholders are being offered 23 Rights Equity Share for every 49 Equity Shares held on the Record Date (April 27, 2021).

The record date for the Sundaram Finance Holdings Rights Issue is April 27, 2021.

The issue size of Sundaram Finance Holdings Rights Issue is of 71,000,000 equity shares at ₹50 per share aggregating upto ₹355.00 Crores.

The Letter of Offer for Sundaram Finance Holdings Rights Issue can be download 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 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.

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 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.

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