Sundaram Finance Holdings Limited Rights Issue

Right Issue Status: Open [6th May 2021 to 2nd Jun 2021]

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About Sundaram Finance Holdings Limited Right Issue

Sundaram Finance Holdings Limited, public limited company headquartered at Chennai, is preparing for the Rights Issue of 7,10,00,000 shares at Rs 50 per share (including face value of Rs 5 and premium of Rs 45 per share). The Right issue will open on 6 May and ends on 2 June 2021. The company will issue 23 right issues for every 49 fully paid-up shares held on or before the record date, 27 April 2021. Scroll the page to know more about Sundaram Finance Holdings Limited Right Issue, including business overview, financials, strengths, risks, tentative timeline, and more.

About the Company - Sundaram Finance Holdings Limited

Sundaram Finance Holdings Limited is an automotive sector-focused investment company with investments in 20 portfolio companies of which 15 companies are involved across the automotive manufacturing value chain. The investments are concentrated towards the automotive space, with current investments in portfolio companies engaged in various aspects of automotive manufacturing including axles, axle housing, wheels and suspension, fuel injection equipment, precision aluminum cast products, iron castings, spare parts, and electrical equipment.

Several of their portfolio companies are market leaders in their respective segments, such as Brakes India Private Limited, which is amongst the leading suppliers of braking systems in the personal vehicle segment, Wheels India Limited, which is a key player in steel rims/wheels manufacturing as well as a key supplier on air suspension systems, Turbo Energy Private Limited, which is one of the largest turbocharger manufacturers in the domestic market, catering to all major personal vehicle OEMs as well as commercial vehicle players, Axles India Limited, which is a prominent axle housing suppliers, etc.

Sundaram Finance Ltd Right Issue Objective

Sundaram Finance Holdings Ltd will utilize the net proceeds from the right issue for the following purposes:

  • Financing of acquisition of additional shareholding in BIPL from ZF.
  • To meet general corporate purposes.

Sundaram Finance Ltd Right Issue Details

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

Sundaram Finance Ltd Right Issue Details
Sundaram Finance Ltd Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 7,10,00,000 Eq Shares
Right Issue Issue Size(Amount) ₹355 cr
Face Value ₹5 Per Equity Share
Right Issue Issue Price ₹50
Right Issue Record Date 27th Apr 2021
Right Issue Entitlement 23 right issues for every 49 shares held on the Record Date
Right Issue Terms of payment Full amount of Rs. 50 is payable on application.
Listing At NSE
BSE Code
NSE Code SUNDARMHLD

Sundaram Finance Ltd Financials

Past performance and financial results of Sundaram Finance Ltd.

Sundaram Finance Ltd financial
Sundaram Finance Holdings Ltd Financials 31-Mar-2020 31-Mar-2019
Total Assets ₹192208.90 Lakh ₹245251.83 Lakh
Total Income ₹9846.85 Lakh ₹10265.23 Lakh
Net Profit/Loss ₹7813.49 Lakh ₹ 13746.23 Lakh

Sundaram Finance Ltd Right Issue Strengths

  • The company has trusted brand name.
  • Robust track record of financial performance.
  • The company has presence across automotive manufacturing value chain.
  • Highly experienced managerial team.

Sundaram Finance Ltd Right Issue Threats/Weaknesses

  • The company’s operations are adversely hit by the Covid-19 outbreak.
  • The revenue dependency on a limited number of portfolio companies.
  • Difficulty in executing strategies including the company's expansion plans.

Sundaram Finance Ltd Right Issue Important Dates

In this section we have covered all important dates related to Sundaram Finance 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.

Sundaram Finance Ltd Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 6th May 2021
Right Issue Issue Close Date 2nd Jun 2021
Basis of Allotment Finalisation Date* 9th Jun 2021
Refunds Initiation* 10th Jun 2021
Credit of Shares to Demat Account* 11th Jun 2021
Right Issue Listing Date* 15th Jun 2021

* - Tentative Dates

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@
  NRI Form ⇒

Sundaram Finance Ltd Right Issue Offer Document (Letter of Offer) >>Document

Sundaram Finance Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Sundaram Finance Ltd Right Issue RTA information is not yet available.

Company Address

Sundaram Finance Holdings Limited
21, Patullos Road
Chennai-600 002, Tamil Nadu, India
Website: www.sundaramholdings.in
Email: [email protected]
Phone: +91-44-2852-1181

Registrar

Cameo Corporate Services Limited
Subramanian Building, No.1, Club House Road,
Chennai 600 002, Tamil Nadu, India
E-mail:[email protected]
Tel: +914428460390
Website: www.cameoindia.com

Lead Manager

  1. JM Financial Limited
Sundaram Finance 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 Sundaram Finance Ltd? Should I apply in Sundaram Finance Ltd Right Issue?

Last Updated on 2021-04-23T11:29:33+00:00

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