22-Apr-2024
2 mins read
Sobhagya Merchantile Limited is coming up with its rights issue in a few weeks. The last date to buy shares is Monday, April 22, 2024.The record date of this new issue is Tuesday, April 23, 2024. The issue size has not yet been announced. The issue price is set at Rs 21 per share, and the face value is at Rs 10 per share. This issue will give eligibility to the existing shareholders to buy Sobhagya Merchantile equity shares at discount price. This rights issue's exact opening and closing date has not yet been announced. Presently, Sobhagya Merchantile's share price is Rs 36.44 per share. The eligible shareholders are being offered thirty-four Rights Equity shares for every one fully paid up equity shares held on an April 23, 2024, record date. The payment terms are decided as the full amount of Rs 21 per share is payable on application. The registrar and the lead managers for this issue are not yet announced.
About Sobhagya Merchantile Limited
Sobhagya Merchantile Limited, incorporated in 1893, is an infrastructure company focusing on construction, mining, infrastructure and related activities. The company had a strong presence in India in the fields of Infrastructure construction, Infrastructure Engineering, Mining and Equipment leasing. Sobhagya Merchantile offers services in the civil engineering, construction of roads, railways and infrastructure activities. They also offer market preparation services, including buying, selling, hiring, repairing, altering, and dealing with other movable assets. In December 2023, the company reported an operating profit of 3.99 crore and net profit of 2.16 crore. The company's current market capitalization is 0.87 crore. The stock P/E is 0.07 and ROE of 35.5%.
Objectives of Sobhagya Merchantile Rights Issue
The main objective of this issue is to raise funds from the existing shareholders, which will be used to meet the working capital requirements. Other objectives have not yet been announced.
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Financials Details of Sobhagya Merchantile (Amt in Rs Crores)
Sobhagya Merchantile posted a revenue of Rs 112.08 crore and PAT of Rs 10.73 crore for the period ending on 31 March 2023. The company’s revenue increased by 56.5% and net profit dropped by -2.12% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 87.78 | 51.87 | 34.97 |
| Revenue | 112.08 | 71.62 | 42.37 |
| Profit After Tax | 10.73 | 10.96 | 7.91 |
| Reserves and Surplus | 35.34 | 24.62 | 13.64 |
Important Details for Sobhagya Merchantile Rights Issue
| Issue Open | Not yet announced |
| Security Name | Sobhagya Merchantile Limited. |
| Issue Size (Shares) | Not yet announced |
| Issue Size (Amt) | Not yet announced |
| Issue Price | Rs 21 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | 100 percent of the Issue Price is payable on application |
| Entitlement | 34 Rights Equity Shares for every one fully paid up Equity Shares held on April 23, 2024 |
Timetable of Sobhagya Merchantile Rights Issue
| Last Date to buy shares | Monday, April 22, 2024 |
| Record Date | Tuesday, April 23, 2024 |
| Credit of Rights Entitlements | Not yet announced |
| Offer Opens On | Not yet announced |
| Renunciation of Rights Entitlements | Not yet announced |
| Offer Closes On | Not yet announced |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for the Sobhagya Merchantile Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Sobhagya Merchantile Limited Rights Issue with Bigul.
How do you check the allotment status of the Sobhagya Merchantile Rights issue?
The registrar for Sobhagya Merchantile Limited Rights Issue is not yet announced. Once it gets announced, investors can check the allotment status by visiting their website.
FAQs
1. What is the Sobhagya Merchantile Limited Rights Issue?
Sobhagya Merchantile Limited is coming up with its rights issue in a few weeks. The last date to buy shares is Monday, April 22, 2024.The record date of this new issue is Tuesday, April 23, 2024.
2. When does the Rights Issue open and close?
This rights issue's exact opening and closing dates are not yet announced. Stay connected with us for further updates.
3. How can I apply for the Sobhagya Merchantile Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
4. How can I check the allotment status of the Sobhagya Merchantile Limited Issue?
The registrar for Sobhagya Merchantile Limited Rights Issue is not yet announced. Once it gets announced, investors can check the allotment status by visiting their website.
5. What is the objective of the Sobhagya Merchantile Limited Rights Issue?
The main objective of this issue is to raise funds from the existing shareholders, which will be used to meet the working capital requirements. Other objectives have not yet been announced.
6. What is the record date for the Sobhagya Merchantile Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 23, 2024.
7. Where will the Sobhagya Merchantile Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
8. What is the entitlement ratio for the Sobhagya Merchantile Limited Right Issue?
The entitlement ratio is set at 34 Rights equity Shares for every one fully paid-up equity shares held on record date April 23, 2024.
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