Latest IPO Updates SOBHAGYA MERCHANTILE LTD Launches Rights Issue, Set to Debut on 06-05-2024!

SOBHAGYA MERCHANTILE LTD Launches Rights Issue, Set to Debut on 06-05-2024!

Sobhagya Merchantile Ltd. is a leading player in the Diversified Commercial Services industry, categorized under the Services sector, offering Equity instruments. the company is entered into the public market through its Rights Issue, set to launch from 06 May 2024 to 21 May 2024. Investors have the opportunity to acquire shares priced at 21.00 each, with a face value of Rs10.00 per share, the market lot for this company is 1.

 

Security Name SOBHAGYA MERCHANTILE LTD
Start Date 06-05-2024
End Date 21-05-2024
Offer Price () 21.00
Face Value 10.00
Type Of Issue RI
Issue Status Live
Security Type Equity
Issue Period 06 May 2024 to 21 May 2024
Issue Size – No.of Shares 81,60,000
Price (Inclusive Of Premium) 21.00
Market Lot 1
LTP 36.44
Book Running Lead Manager Mark Corporate Advisors Private Limited
Registrar Purva Sharegistry (India) Private Limited
BSE Bid Quantity (ASBA) 22,434 As on May 9 2024 5:00PM
Remarks Notice no:20240502-40
Notes This issue of up to 81,60,000 fully paid-up Equity Shares of face value of Rs10/- each of our Company for cash at a price of Rs 21 (including a premium of Rs 11 per Rights Equity Share) aggregating to Rs 1713.60 Lacs on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 34 (Thirty Four) Rights Equity Shares for every 1 (One) fully paid-up Equity Share held by the Eligible Equity Shareholders on the Record Date. Assuming full subscription respect to Rights Equity Shares

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