One of the earliest banks in South India, “South Indian Bank” came into being during the Swadeshi movement. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest. Translating the vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.
The South Indian Bank Rights Issue 2024 Dates & Time Table
| Rights Issue Open: | March 6, 2024 |
| Rights Issue Close: | March 20, 2024 |
| Rights Record Date: | February 27, 2024 |
| Deemed Date of Allotment | April 5, 2024 |
| Renunciation of Rights Entitlements | March 14, 2024 |
The South Indian Bank Rights Issue 2024 Offer Details
| Rights Issue Size: | Approx ₹1,151.00 Crores |
| Price Band: | ₹22 Per Equity Share |
| Face Value: | ₹1 Per Equity Share |
| Listing on: | BSE, NSE |
| Entitlement Ratio: | 1:4 (1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date) |
| Equity: | 523,185,254 Equity Share |
| Letter of Offer: | Click Here |
| Application Form: | Click Here |
| Live Share Price: | Click Here |
The South Indian Bank Rights Issue 2024 Form & How to Apply
You can apply for The South Indian Bank Rights Issue 2024 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
The South Indian Bank Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹7,620.64 | – | ₹44.81 |
| 2023 | ₹8,045.81 | – | ₹775.31 |
The South Indian Bank Rights Issue 2024 Allotment Status
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Check The South Indian Bank Rights issue on Linkintime website allotment URL. Click Here
The South Indian Bank Rights Issue 2024 Lead Managers
- Iifl Securities Ltd
Company Address:
The South Indian Bank Limited
S.I.B. House, T.B. Road,
P.B. No: 28,
Thrissur – 680001
Phone: 0487-2420 020
Email: [email protected]
Website: http://www.southindianbank.com/
The South Indian Bank Rights Issue 2024 FAQs:
When is The South Indian Bank Rights Issue 2024 Record Date?
What is The South Indian Bank Rights Issue 2024 Price?
What is the The South Indian Bank Rights Issue 2024 Ratio?
How to apply for The South Indian Bank Rights Issue 2024?
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5 Responses
How do I buy right issue. I had purchased share on 22nd feb
Kindly let me know investors purchased share on 29th Feb,2024, he is applicable for right issue share.
No, you should have bought prior to record date of 27 February
How do I know no of Rights issue allotted to me?
Please send me application form for Rights Issue, external applicant