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Right Issue Status: Closed [6th Mar 2024 to 20th Mar 2024]
The South Indian Bank Limited is offering a rights issue to the extent of Rs 1151 Cr. The subscription period for this rights issue will be open from 06 Mar 2024 to 20 Mar 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 04 equity shares held on the record date of 27 Feb 2024. The issue price is fixed at Rs. 22 per share.
Stay connected with us to more about The South Indian Bank Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
| The South Indian Bank Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 52.32 Cr Shares |
| Right Issue Issue Size (Amount) | ₹1151.00 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹22 per share |
| Right Issue Record Date | 27th Feb 2024 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Rights Issue Price: Rs.22 per Rights Equity Share fully paid-up (including a premium of Rs.21 per Rights Equity Share) payable on Application. |
| Listing At | BSE, NSE |
| BSE Code | 532218 |
| NSE Code | SOUTHBANK |
In this section we have covered all important dates related to The South Indian Bank 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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 6th Mar 2024 |
| Right Issue Issue Close Date | 20th Mar 2024 |
| Basis of Allotment Finalisation Date* | 5th Apr 2024 |
| Refunds Initiation* | 14th Mar 2024 |
| Credit of Shares to Demat Account* | 9th Apr 2024 |
| Right Issue Listing Date* | 12th Apr 2024 |
* - Tentative Dates
Zerodha Trade@20
south Indian Bank Limited was founded in January 1929. As one of the first banks in South India, the "South Indian Bank" came into being during the Swadeshi movement. The establishment of the bank fulfilled the dreams of a group of enterprising men who came together in Thrissur, a large city (now known as the cultural capital of Kerala) in the erstwhile state of Cochin, to provide the people with a safe, efficient and service-oriented depository for the savings of the community and to liberate the business community from the clutches of greedy moneylenders by providing need-based credit at reasonable interest rates.
By translating the vision of the founding fathers into a corporate mission, the bank was able to distinguish itself during its long existence as a dynamic, fast-growing, service-oriented and forward-looking financial intermediary.
With a new logo and a new image, South Indian Bank marches on. With branches across India and a client base across the globe, the bank is recognized as one of the most proactive banks in India with a competent, tech-savvy team of professionals at the core of its services.
Past performance and financial results of The South Indian Bank .
The South Indian Bank Limited's revenue increased by 5.57% and profit after tax (PAT) rose by 1630.22% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 107,697.16 | 100,051.87 |
| Revenue | 8,044.55 | 7,620.44 |
| Profit After Tax | 775.31 | 44.81 |
| Net Worth | 6,098.03 | |
| Reserves and Surplus | 6,465.35 | 5,643.69 |
| Total Borrowing | 6,993.85 | 3,294.49 |
| Amount in ₹ Crore | ||
The table below is live update of Right Issue bidding details from NSE and BSE.
The South Indian Bank Right Issue Offer Document (Letter of Offer) >>Document
The South Indian Bank Right Issue Offer Document (Letter of Offer) >>The South Indian Bank Right Issue Red Herring Prospectus is not yet available.
The South Indian Bank Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
The South Indian Bank Right Issue Online Application (Registrar & Transfer Agent) >>The South Indian Bank Right Issue RTA information is not yet available.
Last Updated on 2024-03-23T05:33:13+00:00
