Sobhagya Mercantile Rights Issue Date, Price, Market Lot, Subscription 2024

Sobhagya Mercantile Rights Issue Date, Price, Market Lot, Subscription 2024


Sobhagya Mercantile Rights Issue

Sobhagya Mercantile Rights Issue is scheduled on 6 – 21 May 2024

Sobhagya Mercantile operates within the Infrastructure Sector, concentrating on construction, engineering, mining, and related fields. It provides competitive solutions across a spectrum of services, including road development, infrastructure engineering, equipment leasing, mining, and steel projects. Sobhagya Mercantile offers a comprehensive suite of services, such as engineering design, project planning and estimation, market analysis, and feasibility reporting. Its expertise extends to project management, architectural and construction engineering, project commissioning, operations and maintenance, and specialized advisory services for road and irrigation projects.

The company has opted to outsource its payroll management completely to MKS Multimedia Private Limited. In the 2022-23 fiscal year, MKS Multimedia Private Limited assigned around 39 employees to work for the company.

Sobhagya Mercantile

Promoters of Sobhagya Mercantile – Shrikant Bhangdiya, Manisha Omprakash Maniyar, Megha Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, and Sonal Kirtikumar Bhangdiya


Sobhagya Mercantile Rights Issue Details

Sobhagya Mercantile Rights Issue Date 6 – 21 May 2024
Sobhagya Mercantile Rights Issue Price INR 21 per share
Issue Size (in Shares) 8,160,000 shares
Issue Size (in INR) INR 17.14 crore
Issue Entitlement 34 equity shares for every 1 equity shares held on record date
Terms of Payment Fully payable at the time of application
Sobhagya Mercantile Rights Issue Record Date 23 April 2024
Face Value INR 10 per share
Listing On BSE

Sobhagya Mercantile Rights Issue Calculation

Sobhagya Mercantile Rights Issue Price INR 21 per share
Market Price on Rights Issue Approval INR 21.44 per share
Dilution Factor (X) 35
Fair Value After Dilution at Prevailing Price INR 21.01 per share

Sobhagya Mercantile Financial Performance

  FY 2021 FY 2022 FY 2023
Revenue 38.20 66.56 108.81
Expenses 32.61 58.05 97.00
Operating Margin (%) 26.03 21.13 14.50
Net Income 7.91 10.96 10.73
ROCE (%) 60.0 57.0 44.0
Figures in INR Crores unless specified otherwise

Sobhagya Mercantile Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • For working capital purposes – INR 15 crore
  • General corporate purposes – INR 1.64 crore

Sobhagya Mercantile Rights Offer Documents


Sobhagya Mercantile Rights Issue Dates

Rights Issue Approval Date 16 April 2024
Rights Issue Record Date 23 April 2024
Credit of Rights Entitlement 3 May 2024
Rights Issue Opening Date 6 May 2024
Last Date for Market Renunciation 16 May 2024
Rights Issue Closing Date 21 May 2024
Finalization of Basis of Allotment 27 May 2024
Rights Allotment Date 28 May 2024
Credit Date 29 May 2024
Listing Date 3 June 2024

Sobhagya Mercantile Rights Offer Lead Manager

MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057, Maharashtra
Phone: +91 22 2612 3207/08
Email: [email protected]
Website: www.markcorporateadvisors.com


Sobhagya Mercantile Rights Offer Registrar

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: 022 4961 4132/3199 8810
Email: [email protected]
Website: www.purvashare.com


SOBHAGYA MERCANTILE LIMITED
526, 1st Floor Bhangdiya House, Near Getwell Hospital,
Dhantoli, Nagpur 440 012, Maharashtra
Phone: +91 712 2460120
Email: 
[email protected]
Website:
www.sobhagyaltd.com


Sobhagya Mercantile Rights Offer FAQs

What is the Sobhagya Mercantile Rights Issue Price?

The issue price is INR 21 per share.

What is the Sobhagya Mercantile Rights Issue entitlement ratio?

The eligible shareholders are offered 34 Equity Shares for every 1 Equity Shares held on the record date.

What is the Sobhagya Mercantile Rights Issue Record Date?

The Record date is 23 April 2024.

How to Apply in Sobhagya Mercantile Rights Offer?

The best way to apply in Sobhagya Mercantile Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.



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