Rights Issues 2021

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.

Rights Issues 2021

Company Name Issue Open Issue Close Issue price (Per Share) Issue Size - Shares (Cr) Issue Size - Amount (Cr)
Arvind Fashions LimitedMar 04, 2021Mar 18, 20211351.4810
Authum Investment & Infrastructure LimitedMar 01, 2021Mar 15, 2021810.4610
Patel Integrated Logistics LimitedFeb 26, 2021Mar 12, 2021100.959.5
L&T Finance Holdings LimitedFeb 01, 2021Feb 15, 2021651010
Urja Global LimitedJan 25, 2021Feb 10, 20215510

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.

5 Comments

Pavan Bhutada
5. Pavan Bhutada  Mar 7, 2021 00:18 I Like It. | Report Abuse Reply 0
DEAR SIR REFUND IPO BLOK AMOUNT
ISSUE PLESE
Tapas Debnath
4. Tapas Debnath  Feb 24, 2021 17:06 I Like It. | Report Abuse Reply 0
If shares are not alloted then when the money will return back
NAYANA SHAH
3. NAYANA SHAH  Feb 5, 2021 22:20 I Like It. | Report Abuse Reply 0
Right issue of urja global form.
How can I apply for right issue of urja global on online.
Santos dash
3.4. Santos dash  Feb 9, 2021 23:50 I Like It. | Report Abuse 0
Apply for right ishu
Nirmala Suresh kumar chintala
3.5. Nirmala Suresh kumar chintala  Feb 10, 2021 17:42 I Like It. | Report Abuse 0
I don't know about right to issues of urja-re shares and it's Last date is 10.02.2021 my demat account number is 1203320040403874. Please help.
Rajendra Sanyasi
2. Rajendra Sanyasi  Feb 9, 2021 13:43 I Like It. | Report Abuse Reply 0
L&T fin RE price break up
Anubhav Bajpai
1. Anubhav Bajpai  Feb 5, 2021 16:24 I Like It. | Report Abuse Reply 0
I am very new to share market/ IOP / Rights Issue, can anyone please help me understanding Rights Issue,
Is this similar to Reliance Industry PP Share








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