Sobha Limited Right Issue

₹2,000.00 Cr BSE, NSE 28 Jun 2024 – 4 Jul 2024

Closed Ratio: 6 : 47 BSE, NSE
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Issue Price
₹1,651.00
Face Value
₹10.00
Issue Size (Shares)
12,107,981
Issue Size (₹ Cr.)
₹2,000.00
📅 Right Issue Timetable
Last Date to Buy SharesTue, Jun 18, 2024
Record DateWed, Jun 19, 2024
Credit of Rights EntitlementsThu, Jun 27, 2024
Bid/Offer Opens OnSun, Jul 28, 2024
Issue Open DateFri, Jun 28, 2024
Renunciation Last DateMon, Jul 1, 2024
Bid/Offer Closes OnThu, Jul 4, 2024
Issue Close DateThu, Jul 4, 2024
Deemed Date of AllotmentFri, Jul 12, 2024
Credit DateMon, Jul 15, 2024
Listing DateTue, Jul 16, 2024
📋 Right Issue Details
Issue Size (Shares)12,107,981
Issue Size (Amount)₹2,000.00 Cr.
Issue Price₹1,651.00 per share
Face Value₹10.00 per share
Entitlement Ratio6 : 47
Listing AtBSE, NSE
Terms of PaymentRs. 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.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income3,217.883,402.43264.53
EBITDA
Net Worth251.41249.47
Reserves & Surplus241.92239.98232.81

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment or prepayment, in full or in part, of certain borrowings availed by the Company;
2Funding certain project-related expenses for Ongoing Projects and Forthcoming Projects;
3Purchase of equipment and machinery; and
4Funding acquisition of unidentified land parcels and general corporate purposes.
🏢 About the Company
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.
📞 Company Contact
CompanySobha Limited
Address‘SOBHA’, SARJAPUR – MARATHALLI OUTER RING RO
BELLANDUR POST,
BANGALORE – 560103
Banga, Punjab, 560103
Phone+91 80-49320000
Emailrights.issue@sobha.com
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📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailsobha.rights2024@linkintime.co.in
WebsiteVisit ↗