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Rights Issues 2023

Rights Issue is an invitation to the existing shareholders to purchase the additional shares of the company within a specific period at a discounted price. Unlike IPO, the rights issue is not offered to the general public but only to the existing shareholders in proportion of their existing holdings.

The eligible shareholders can either subscribe for the rights issue partly or fully; or can let the rights lapse by not opting to exercise their rights to purchase the additional shares; or can transfer their rights entitlements to other persons. The transfer of rights to other persons can be done by the trading of rights entitlements on a stock exchange similar to equity shares known as 'renunciation of rights issue'.

The rights issue offers benefits to eligible shareholders as it helps them acquire additional shares at a premium compared to the market price. However, one should study the company's performance before subscribing to the issue as unlike bonus shares, the rights issue comes with a price.

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Rights Issues 2023

Company Name	Issue Open	Issue Close	Record Date	Issue price (Per Share)	Issue Size (Rs Cr)	CMP of Share	CMP of Rights Entitlement	Renunciation of Rights Entitlements
Shukra Pharmaceuticals Limited	Feb 15, 2023	Feb 28, 2023	Feb 02, 2023	20	18.79	60.15
Shree Ganesh Remedies Limited	Feb 13, 2023	Feb 21, 2023	Feb 03, 2023	225	18.91	247.5		Feb 15, 2023
Hazoor Multi Projects Limited	Feb 03, 2023	Feb 20, 2023	Jan 20, 2023	88	45	103.9	12.6	Feb 15, 2023
Heritage Foods Limited	Jan 30, 2023	Feb 13, 2023	Jan 20, 2023	5	23.2	147.35	136.45	Feb 08, 2023
Markolines Pavement Technologies Limited	Jan 27, 2023	Feb 09, 2023	Jan 17, 2023	167	49.86	1782.95	1.6	Feb 06, 2023
Indowind Energy Limited	Jan 27, 2023	Feb 10, 2023	Jan 13, 2023	12	43.08	13.13	0.53	Feb 06, 2023
Aarti Surfactants Limited	Jan 25, 2023	Feb 03, 2023	Jan 17, 2023	555	49.52	529.2	35.15	Jan 27, 2023
Family Care Hospitals Limited	Jan 23, 2023	Feb 07, 2023	Jan 03, 2023	12	48.92	11.85	0.17	Feb 01, 2023
Jet Freight Logistics Limited	Jan 20, 2023	Jan 31, 2023	Jan 11, 2023	16.25	37.7	18.6	0.94	Jan 25, 2023
Pacific Industries Limited	Jan 19, 2023	Feb 02, 2023	Jan 11, 2023	139	47.9	201.25	46.1	Jan 30, 2023
Vaxfab Enterprises Limited	Jan 18, 2023	Feb 10, 2023	Jan 03, 2023	18	12.96	30.05	1.38	Feb 06, 2023
Rajapalayam Mills Limited	Jan 18, 2023	Feb 07, 2023	Dec 30, 2022	569	34.98	634.95	61.55	Feb 02, 2023
Visagar Financial Services Limited	Jan 12, 2023	Feb 10, 2023	Dec 30, 2022	1	49.74	1.08	0.05	Jan 25, 2023
Quint Digital Media Ltd	Jan 09, 2023	Jan 24, 2023	Dec 22, 2022	50	125	88.55	105.5	Jan 13, 2023
Gyscoal Alloys Limited	Jan 02, 2023	Jan 12, 2023	Dec 23, 2022	2.75	49.18	3.06	0.17	Jan 09, 2023
Destiny Logistic & Infra Limited	Feb 08, 2023	Feb 17, 2023	Jan 27, 2023	10	7.69			Feb 13, 2023

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<< Year 2022	2023	Year 2024 > >

Note:

The offer to buy a rights issue is an option and not an obligation on the existing shareholder.
To be eligible for the rights issue, one must be the shareholder of the company as on record date to qualify as an existing shareholder.
An existing shareholder subscribing to the rights issue in full can opt to subscribe for additional shares as well. The allotment for the additional shares would be based on the issue subscription.
The rights issue can be partly subscribed and partly transferred to other investors by the trading of the rights entitlements. However, in such cases, there will be no option to opt for additional shares over and above the allocated rights issue for either of the parties.
The rights entitlements (RE) are given a different ISIN to differentiate from the normal equity shares trading in the market.
The trading of RE closes 2-3 working days before the rights issue.

Learn more about Rights Issue of Shares

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