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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.
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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