Sobhagya Mercantile Rights Issue is scheduled on 6 – 21 May 2024
Sobhagya Mercantile operates within the Infrastructure Sector, concentrating on construction, engineering, mining, and related fields. It provides competitive solutions across a spectrum of services, including road development, infrastructure engineering, equipment leasing, mining, and steel projects. Sobhagya Mercantile offers a comprehensive suite of services, such as engineering design, project planning and estimation, market analysis, and feasibility reporting. Its expertise extends to project management, architectural and construction engineering, project commissioning, operations and maintenance, and specialized advisory services for road and irrigation projects.
The company has opted to outsource its payroll management completely to MKS Multimedia Private Limited. In the 2022-23 fiscal year, MKS Multimedia Private Limited assigned around 39 employees to work for the company.
Promoters of Sobhagya Mercantile – Shrikant Bhangdiya, Manisha Omprakash Maniyar, Megha Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, and Sonal Kirtikumar Bhangdiya
Table of Contents
Sobhagya Mercantile Rights Issue Details
| Sobhagya Mercantile Rights Issue Date | 6 – 21 May 2024 |
| Sobhagya Mercantile Rights Issue Price | INR 21 per share |
| Issue Size (in Shares) | 8,160,000 shares |
| Issue Size (in INR) | INR 17.14 crore |
| Issue Entitlement | 34 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Sobhagya Mercantile Rights Issue Record Date | 23 April 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Sobhagya Mercantile Rights Issue Calculation
| Sobhagya Mercantile Rights Issue Price | INR 21 per share |
| Market Price on Rights Issue Approval | INR 21.44 per share |
| Dilution Factor (X) | 35 |
| Fair Value After Dilution at Prevailing Price | INR 21.01 per share |
Sobhagya Mercantile Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 38.20 | 66.56 | 108.81 |
| Expenses | 32.61 | 58.05 | 97.00 |
| Operating Margin (%) | 26.03 | 21.13 | 14.50 |
| Net Income | 7.91 | 10.96 | 10.73 |
| ROCE (%) | 60.0 | 57.0 | 44.0 |
Sobhagya Mercantile Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- For working capital purposes – INR 15 crore
- General corporate purposes – INR 1.64 crore
Sobhagya Mercantile Rights Offer Documents
- Sobhagya Mercantile Rights Issue Application Form
- Sobhagya Mercantile Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Sobhagya Mercantile Rights Issue Dates
| Rights Issue Approval Date | 16 April 2024 |
| Rights Issue Record Date | 23 April 2024 |
| Credit of Rights Entitlement | 3 May 2024 |
| Rights Issue Opening Date | 6 May 2024 |
| Last Date for Market Renunciation | 16 May 2024 |
| Rights Issue Closing Date | 21 May 2024 |
| Finalization of Basis of Allotment | 27 May 2024 |
| Rights Allotment Date | 28 May 2024 |
| Credit Date | 29 May 2024 |
| Listing Date | 3 June 2024 |
Sobhagya Mercantile Rights Offer Lead Manager
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057, Maharashtra
Phone: +91 22 2612 3207/08
Email:Â [email protected]
Website:Â www.markcorporateadvisors.com
Sobhagya Mercantile Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â 022 4961 4132/3199 8810
Email:Â [email protected]
Website: www.purvashare.com
Sobhagya Mercantile Contact Details
SOBHAGYA MERCANTILE LIMITED
526, 1st Floor Bhangdiya House, Near Getwell Hospital,
Dhantoli, Nagpur 440 012, Maharashtra
Phone:Â +91 712 2460120
Email:Â [email protected]
Website: www.sobhagyaltd.com
Sobhagya Mercantile Rights Offer FAQs
What is the Sobhagya Mercantile Rights Issue Price?
The issue price is INR 21 per share.
What is the Sobhagya Mercantile Rights Issue entitlement ratio?
The eligible shareholders are offered 34 Equity Shares for every 1 Equity Shares held on the record date.
What is the Sobhagya Mercantile Rights Issue Record Date?
The Record date is 23 April 2024.
How to Apply in Sobhagya Mercantile Rights Offer?
The best way to apply in Sobhagya Mercantile Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
