The South Indian Bank Limited Right Issue

₹1,151.00 Cr BSE, NSE 6 Feb 2024 – 20 Mar 2024

Closed Ratio: 1 : 4 BSE, NSE
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Issue Price
₹22.00
Face Value
₹1.00
Issue Size (Shares)
523,185,254
Issue Size (₹ Cr.)
₹1,151.00
📅 Right Issue Timetable
Last Date to Buy SharesMon, Feb 26, 2024
Record DateTue, Feb 27, 2024
Credit of Rights EntitlementsTue, Mar 5, 2024
Bid/Offer Opens OnTue, Feb 6, 2024
Issue Open DateTue, Feb 6, 2024
Renunciation Last DateThu, Mar 14, 2024
Bid/Offer Closes OnWed, Mar 20, 2024
Issue Close DateWed, Mar 20, 2024
Deemed Date of AllotmentFri, Apr 5, 2024
Credit DateTue, Apr 9, 2024
Listing DateFri, Apr 12, 2024
📋 Right Issue Details
Issue Size (Shares)523,185,254
Issue Size (Amount)₹1,151.00 Cr.
Issue Price₹22.00 per share
Face Value₹1.00 per share
Entitlement Ratio1 : 4
Listing AtBSE, NSE
Terms of PaymentRights Issue Price: Rs.22 per Rights Equity Share fully paid-up (including a premium of Rs.21 per Rights Equity Share) payable on Application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-31FY I
Income8,044.557,620.44
EBITDA
Net Worth6,098.03
Reserves & Surplus6,465.355,643.69

Amount in ₹ Crore

🏢 About the Company
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

Personal Banking: Under Personal Banking, the company offers account opening, term deposits, individual current accounts, personal loans, car loans, home loans, gold loans, etc., mutual fund investments, insurance, money transfers, etc.
Priority Banking: Complimentary airport lounge, discount on locker rental, priority savings account, discount on lending, reward points, etc.
NRI Banking: In this segment, the company offers account opening and deposits, loans and electronic services like online NRI account opening, KYC updates, FATCA-CRS updates etc.
Online banking
Banking services for businesses: These include business account opening, domestic financing, international financing, money transfer, value added services, SIB API banking, etc.
📞 Company Contact
CompanyThe South Indian Bank Limited
AddressS.I.B. House, T.B. Road,
P.B. No: 28,
Thrissur - 680001
Thrissur, Kerala, 680001
Phone0487-2420 020
Emailsibcorporate@sib.co.in
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailsib.rights2024@linkintime.co.in
WebsiteVisit ↗