Sobha Limited Rights Issue: Important Things to consider

Sobha Limited came up with the rights issue as the issue size reported by the company is 12,107,981 Equity shares with a decided issue price of Rs 1651 per share, a total amounting to Rs 2000 Crores. Meanwhile, the firm reported the face value as Re 10 per share. Investors who currently do not hold shares of Sobha Limited have the opportunity to purchase shares until June 18, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is June 19, 2024. However the registrar for this rights issue is not yet announced. If we look at the entitlement ratio, it is reported that 6 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date.

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About Sobha Limited

Sobha Limited, founded in 1995 in Bangalore, specializes in real estate development and construction, with a focus on residential and contract projects. The company has completed residential projects across Karnataka and undertaken contract projects in eight states across India, including Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana, and Maharashtra. Residential offerings by Sobha Limited encompass a range of luxurious options such as presidential apartments, villas, townhouses, super luxury apartments, and luxury apartments, complete with amenities like clubhouses, swimming pools, and shopping malls.

Financial Performance of Sobha Limited (Amt in Rs Crore)

Revenue for the year ended March 31, 2024, was Rs 3,217.88 crore, shows a decrease of 5.4% from Rs 3,402.43 crore as compared to previous year. The profit after tax decreased to Rs 49.11 crore from Rs 104.21 crore in the previous year, indicting a decline of 52.9% which shows bit of a not strong financials.

Important Dates for Sobha Rights Issue

Timetable of Sobha Rights Issue

FAQs 

1.  What are the important dates for Sobha's rights issue?

The important dates include the opening & closing dates of the rights issue is June 28, 2024, and July 4, 2024 respectively.

2. What is the last date for buying shares?

To get eligible for the rights issue of Sobha limited, an investor can buy its shares till June 18, 2024.

3. What is the record date for the Sobha Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is June 28, 2024. 

4. What are Sobha Limited's recent financials?

Revenue for the year ended March 31, 2024, was Rs 3,217.88 crore, shows a decrease of 5.4% from Rs 3,402.43 crore as compared to previous year. The profit after tax decreased to Rs 49.11 crore from Rs 104.21 crore in the previous year, indicting a decline of 52.9% which shows bit of a not strong financials.

5. How can I apply for the Sobha Limited Rights Issue?

You can apply for Sobha Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility), once registrar is disclosed you can visit on registrar website by click here.

6. How can I check the allotment status of the Sobha Issue?

The company has not yet announced the registrar for this rights issue, once it is available you can check by visiting its registrar website.

7. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

8. Where will the Sobha Rights Issue be listed?

The Rights Issue will be listed on the NSE and BSE

9. What is the entitlement ratio for the Sobha Limited Rights Issue?

The entitlement ratio is set at 6 Rights Equity Shares for every 47 fully paid-up equity shares held on the record date.

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