Som Distilleries Rights Issue will open for subscription from 26 April 2023. the company aims for an issue size of ₹48.94 Crores through this rights Issue.
About the company
Incorporated in 1993, Som Distilleries And Breweries Limited has an exceptional portfolio of brands across the spectrum of Spirits, Beer, and Alcopop. The Group was set more than three decades ago and is constantly aspiring to soar higher with its innovations. The company’s mission has been to deliver value-added high-quality products and it will continue to do so in the years to come.
SOM is India’s first company to own a portfolio of spirits, ready-to-drink along with Rectified Spirits (RS), beers, and Ethyl Neutral Alcohol (ENA). SOM made its mark across the country and world by catering to the taste of the customers of a particular region. The company has its brews, blends, and ready-to-drink offerings for customers under different brands. Hunter, the flagship brand of the company is a forerunner in the strong beer category. Some other brands of the company include:
- Black Fort Super Strong Beer
- Black Fort Premium Lager Beer
- Woodpecker Wheat Beer
- White Fox Refresh Naughty Orange
- White Fox Refresh Tangy Lemon
Objectives of the Issue
- To meet the long-term working capital requirements of our Company;
- General corporate purposes.
Som Distilleries Rights Issue Timetable
| Record Date | 14 April 2023 |
| Credit of Rights Entitlements | 25 April 2023 |
| Bid/Offer Opens On | 26 April 2023 |
| Renunciation of Rights Entitlements | 08 May 2023 |
| Bid/Offer Closes On | 11 May 2023 |
| Deemed Date of Allotment | 19 May 2023 |
| Credit Date | 23 May 2023 |
| Listing Date | 29 May 2023 |
Rights Issue Details
| Issue Open | Apr 26, 2023 – May 11, 2023 |
| Security Name | Som Distilleries And Breweries Limited |
| Issue Size (Shares) | 3,495,952 |
| Issue Size (Amount) | ₹48.94 Crores |
| Issue Price | ₹140 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being Rs. 140/- will be payable on application. |
| Entitlement | 10 Rights Equity Share(s) for every 211 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 711.50 | 509.66 | -38.07 |
| 31-Mar-22 | 699.39 | 656.50 | -9.84 |
Rights Issue Documents
Lead Manager(s)
- Vivro Financial Services Private Limited
Rights Issue Registrar
MAS Services Limited
Phone: (011) 2610 4142
Email: investor@masserv.com
Website: http://www.masserv.com
Company Contact Information
Som Distilleries And Breweries Limited
I-A, Zee Plaza, Arjun Nagar,
Safdarjung Enclave, Kamal Cinema Road,
New Delhi – 110029
Phone: +91-11-26169909, 26169712
Email: compliance@somindia.com
Website: http://www.somindia.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
