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Sundaram Finance Holdings Limited Rights Issue

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

Rated 3/5 by Team InvestorGain

Sundaram Finance Ltd Right Issue Detail

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 Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 7,10,00,000
Right Issue Issue Size (Amount) ₹355 cr
Face Value ₹5 Per Equity Share
Right Issue - Issue Price ₹50 per share
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 Right Issue 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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About Company - Sundaram Finance Ltd

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 Financials for past 3 Years

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 Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

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

    Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/Initial_Offer/public-issues.html
    Phone: +91-22-4918 6270
    Email:

    Lead Manager

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

    Sundaram Finance Ltd Right Issue Offer Document (Letter of Offer) >>Sundaram Finance Ltd Right Issue Red Herring Prospectus is not yet available.

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

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

    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 2021-09-27T10:50:40+00:00


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