EIH Ltd Right Issue Review-2020

Right Issue Status: Closed [29th Sep 2020 to 13th Oct 2020]

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Incorporated in the year 1949 under the umbrella of Oberoi Group, EIH Ltd operates hotels and cruises in five countries under the luxury 'Oberoi' and five-star 'Trident' brands. The company is also providing the services of flight catering, airport restaurants, travel and tour services, car rentals, project management, and corporate air charters.

In 2010, EIH International Ltd a wholly-owned subsidiary of the group completed the acquisition of the 45.85% equity interest of Amex Investment Ltd in their international hotels Joint Venture Company EIH Holdings Ltd for USD 45 million. EIH Ltd has acclaimed internationally for all-round excellence and unparalleled levels of service and has received innumerable awards and accolades for the same.

Key details to EIH Ltd Right Issue 2020

  • Issue Price- 65 per equity share (including a premium of Rs 63 per share, FV of Rs 2 each)
  • Rights ratio- 8:85; 8 fully paid-up right issue share for every 85 equity shares held by eligible shareholders as on record date of Sept 23, 2020
  • Total no. of right shares proposed- 53,794,768 equity shares of face value Rs 2 each @ Rs 65 amounting to Rs 350 Cr.

EIH Ltd Right Issue Objective

  • Repayment/ prepayment in full or in part, of borrowings availed by the company of Rs 28000 Cr
  • To use rest of the amount for other corporate purposes.

EIH Ltd Right Issue Details

EIH Ltd Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

EIH Ltd Right Issue Details
EIH Ltd Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 53,794,768 Eq Shares
Right Issue Issue Size(Amount) ₹350 Cr
Face Value ₹2 Per Equity Share
Right Issue Issue Price ₹65
Right Issue Record Date 28th Sep 2020
Right Issue Entitlement 8 Rights Equity Share for every 85 Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of ₹65 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 500840
NSE Code EIHOTEL

EIH Ltd Financials

EIH Ltd’s revenue has fallen by 11.86% to Rs 1434.31 Cr for the FY2019-20 from the past years’ revenue of 1627.26 Cr FY2018-19 and revenue for FY2017-18 was Rs 1433.66 Cr. This decline takes place as the company has suspended its operations due to lockdown during the pandemic and the whole tourism industry has a big setback.

EBIT for FY2019-20 is Rs 175.22 Cr as against Rs 283.13 Cr in FY2018-19, which shows the decline of 31.11%. EIH Ltd has posted a higher PAT (Net Profit) of Rs 124.47 Cr (Rs 113.33 Crore in FY2018-19).

EIH Ltd financial
Title FY 2020 FY 2019
Total revenue 1434.31 1627.26
PAT 124.47 113.33
EBITDA 309.42 406.14
Total Assets 3919.82 3851.96
Net profit margin 10.35 7.54
Interest coverage ratio (times) 4.00 6.78
EBIT 125.71 236.77
Reserves and surplus 2804.92 2740.78
Long term borrowings 183.21 209.86
Short term borrowings 186.53 224.66
Debt to equity 0.13 0.15

EIH Ltd Right Issue Strengths

  • Travel and tourism have become a significant industry in India. With new rules and regulations, the company is providing the best facilities to tourists.
  • The company offers one of the top five star hotels and luxury resorts at major tourist places in India and abroad.
  • Government support the hospitality industry with tax and benefits.

EIH Ltd Right Issue Threats/Weaknesses

  • Covid-19 pandemic has an adverse impact on the company’s business as the travel industry has total shut in this period.
  • If the company becomes unable to expand business in Indian and international markets may affect its growth.
  • Its revenue majorly depends on food and beverages (F&B) business which contribute approximately 40% of the company’s consolidated revenues.

EIH Ltd Right Issue Important Dates

In this section we have covered all important dates related to EIH Ltd Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

EIH Ltd Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 29th Sep 2020
Right Issue Issue Close Date 13th Oct 2020
Basis of Allotment Finalisation Date* 21st Oct 2020
Refunds Initiation* 22nd Oct 2020
Credit of Shares to Demat Account* 23rd Oct 2020
Right Issue Listing Date* 27th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

EIH Ltd Right Issue Offer Document (Letter of Offer) >>Document

EIH Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

EIH Ltd
4, Mangoe Lane,
Kolkata - 700 001.
Tel. No.: +91-11-2389-0505
E-mail: [email protected]
www.eihltd.com
Website: www.eihltd.com
Email: [email protected]
Phone: +91-11-2389 0505

Registrar

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032
Telephone: +91 40 6716 2222
E-mail Id: [email protected]
Contact person: M. Murali Krishna

Lead Manager

Ambit Capital Private Limited
Ambit House, 449, Senapati Bapat Marg
Lower Parel, Mumbai-400013
Telephone: +91 22 6623 3000
E-mail Id: [email protected]
Contact person: Miraj Sampat
EIH Ltd Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for EIH Ltd? Should I apply in EIH Ltd Right Issue?

Last Updated on 2020-09-24T06:32:36+00:00

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User Comments

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5. Kumar  9/18/2020 3:47:45 PM Reply
EIH Ltd RightIssue good or bad.
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5.1. Raju. Gupta  10/10/2020 9:59:32 AM
To subscribe the issue
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4. umar sayyed  9/18/2020 3:47:45 PM Reply
EIH Ltd RightIssue expected listing gain.
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3. dwarka   9/18/2020 3:47:45 PM Reply
Please confirm EIH Ltd RightIssue GMP (grey market premium) and kostak.
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2. Kewal kumar gogia  9/18/2020 3:47:45 PM Reply
EIH Ltd RightIssue whether to invest or not.
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1. Vijay Kumar Singh  9/18/2020 3:47:45 PM Reply
EIH Ltd RightIssue - CRISIL Rating, Apply or not?.

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