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Rights Issues 2024

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.

Issue open

Upcoming

Record date available

Rights Issues 2024

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 Rights Issue Ratio Compare
Gala Global Products Limited8.646.953.311:1
Jaykay Enterprises Limited25146.14118.71:1
Veerhealth Care Limited252520.251:2
Veer Energy & Infrastructure Ltd.22.511.2220.651:3
Spectrum Foods LimitedApr 08, 2024Apr 22, 2024Mar 27, 20242038.7973.274:1
Sawaca Business Machines Ltd.Apr 02, 2024Apr 12, 2024Mar 07, 2024145.761.29Apr 08, 20244:1
Mishtann Foods LtdApr 02, 2024Apr 17, 2024Mar 20, 20241549.918.911:31
Balkrishna Paper Mills LtdApr 02, 2024Apr 15, 2024Mar 15, 20242145.1127.24Apr 08, 20242:1
Tierra Agrotech LtdMar 28, 2024Apr 10, 2024Mar 18, 20245048.4763.67Apr 03, 20241:5
Hindustan Construction Company LimitedMar 26, 2024Apr 05, 2024Mar 16, 20242135033.79Apr 02, 202413:118
Til Ltd.Mar 22, 20241049.070.4428:10
Valencia Nutrition LtdMar 15, 2024Mar 22, 2024Mar 07, 20242621.7853.225.14Mar 19, 202415:10
Arunjyoti Bio Ventures LtdMar 12, 20242016.5757.48:1
Mercury Trade Links Ltd.Mar 11, 2024Mar 21, 2024Mar 01, 2024409.91.88Mar 15, 202410:1
The South Indian Bank LimitedMar 06, 2024Mar 20, 2024Feb 27, 202422115129.093.92Mar 14, 20241:4
Globe Textiles (india) LimitedMar 06, 2024Mar 20, 2024Feb 23, 2024349Mar 12, 20241:1
Scanpoint Geomatics LimitedFeb 28, 2024Mar 07, 2024Feb 19, 2024534.658.10.23Mar 01, 20241:1
Silgo Retail LimitedFeb 28, 2024Mar 12, 2024Feb 22, 20242525.68Mar 08, 20241:1
Dipna Pharmachem Ltd.Feb 26, 2024Mar 15, 2024Feb 12, 20241012.9711.40.5Mar 04, 202413:12
Affordable Robotic & Automation LtdFeb 26, 2024Mar 07, 2024Feb 12, 202445048454.333.31Mar 01, 202446:439
Mitsu Chem Plast LtdFeb 26, 2024Mar 05, 2024Feb 17, 202414421.73164.1515.12Feb 29, 20241:8
Mangalam Industrial Finance LtdFeb 12, 2024Mar 12, 2024Jan 29, 20243.9548.944.661.12Feb 20, 202421:163
Nagreeka Exports Ltd.Feb 12, 2024Feb 23, 2024Jan 30, 20242037.511.58Feb 19, 20243:2
Adroit Infotech LimitedFeb 07, 2024Feb 16, 2024Jan 19, 20241548.7515.891.51Feb 12, 20243:2
Magnum Ventures LimitedFeb 07, 2024Feb 27, 2024Jan 25, 20245448.9246.749.13Feb 16, 20242:11
Indiabulls Housing Finance LimitedFeb 07, 2024Feb 13, 2024Feb 01, 20241503693.4167.2547.56Feb 08, 20241:2
Indian Infotech And Software LimitedFeb 06, 2024Feb 13, 2024Jan 29, 20241.641.831.440.43Feb 08, 202413:50
Yarn Syndicate Ltd.Feb 06, 2024Feb 21, 2024Jan 24, 20242748.625.020.52Feb 16, 202424:5
Quest Softech (India) LimitedFeb 02, 2024Feb 15, 2024Jan 08, 2024304842.3814.42Feb 08, 20248:5
Skipper LtdJan 30, 2024Feb 08, 2024Jan 12, 2024194199.18248.3595.47Feb 05, 20241:10
Shree Ajit Pulp and Paper LimitedJan 30, 2024Feb 20, 2024Jan 18, 20248028.57185.7127.95Feb 16, 20242:3
Sharanam Infraproject And Trading LtdJan 24, 2024Feb 02, 2024Jan 10, 2024170.90.22Jan 29, 20247:5
Genpharmasec LimitedJan 23, 2024Feb 13, 2024Jan 09, 20241.7548.452.391.73Feb 02, 20241:1
Ind Renewable Energy LtdJan 18, 2024Feb 02, 2024Jan 08, 20242125.4320.92.84Jan 23, 20244:1
Grasim Industries Ltd.Jan 17, 2024Jan 29, 2024Jan 10, 202418123999.82203.1320.85Jan 23, 20246:179
La Tim Metal And Industries LimitedJan 10, 2024Jan 29, 2024Jan 02, 20248.537.5316.848.73Jan 23, 20241:2

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


5 Comments

5. Murthy   I Like It. |Report Abuse|  Link|March 18, 2024 9:46:25 AMReply
https://www.msei.in/MeetingAnnouncement/RAMARAJU/Newspaper%20Publication/2024313/13032024_RAMARAJU_01.pdf

the ramaraju surgical cotton mills is going for rights. But this does not seem to be listed in BSE or NSE. It is listed in MSEI.
4. Shobin   I Like It. |Report Abuse|  Link|March 14, 2024 4:34:36 PMReply
If the share is bought on the previous day of the record date, will we eligible for rights issue
4.1. Murthy   I Like It. |Report Abuse|  Link|March 18, 2024 9:44:26 AM
Yes
3. Gajendra Singh Chouhan   I Like It. |Report Abuse|  Link|March 6, 2024 9:29:41 AMReply
how to apply online for right issue of south indian bank.
2. Murthy   I Like It. |Report Abuse|  Link|March 5, 2024 10:03:26 AMReply
Borosil is planning to go for Rights issue
1. Bala   I Like It. |Report Abuse|  Link|February 18, 2024 9:44:13 AMReply
Shree Ganesh remedies pvt Ltd final call payment declared my query is how to make payment.Bigshareonmibe us RTA but I can't found any link to pay online.
1.1. Geetesh   I Like It. |Report Abuse|  Link|February 24, 2024 8:41:36 PM
Go to your net banking which has ASBA option. In the ipo section, you should find this stock