Sobha Ltd - IPO

Sobha Ltd IPO Details

Public issue of 88,93,332 equity shares of Rs. 10 each for cash at a price of Rs.640/- per equity share including a Share premium of Rs.630/- per equity share, aggregating Rs.569.17 Crores (the issue) by Sobha Developers Limited (the company or the issuer). The issue comprises a net issue to the public of 80,04,032 shares of Rs.10/- each (the net issue) and a reservation of up to 8,89,300 shares of Rs.10/- each for the permanent employees of the Company (the employee reservation portion). The issue would constitute 12.20% of the fully diluted post issue Paid-up capital of the company. The net issue will constitute 10.98% of the fully diluted post issue paid-up Capital of the company. Issue Price : Rs.640 per equity share of face value Rs.10The issue price is 64 times of the face value.

Objective of issue

Finance land Acquisition. Fin. constr.&Develp. costs for existing & Pro.Proj. Repay certain loans of our company. Fund Exp. for General Corp. Purposes.

Sobha Ltd Contact Details

Sobha Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@sobha.com, vighneshwar.bhat@sobha.com

Website - www.sobha.com