Rights Issues 2020

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 2020

Company Name Issue Open Issue Close Issue price (Per Share) Issue Size - Shares (Cr) Issue Size - Amount (Cr)
Pricol LimitedDec 03, 2020Dec 17, 2020302.7110
Shoppers Stop LimitedNov 27, 2020Dec 11, 20201402.1410
Mold-Tek Packaging LimitedOct 28, 2020Nov 11, 20201800.0610
EIH LimitedSep 29, 2020Oct 13, 2020655.3810
Deepak Fertilisers and Petrochemicals Corporation LimitedSep 28, 2020Oct 12, 20201331.3410
Rushil Decor LimitedSep 21, 2020Oct 05, 2020500.510
Spencer's Retail LimitedAug 04, 2020Aug 18, 2020751.0610
Minda Industries LimitedAug 25, 2020Sep 08, 20202500.9710
Satin Creditcare Network LimitedAug 12, 2020Aug 26, 202060210

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


8 Comments

Vishal
8. Vishal  Mar 11, 2021 10:39 I Like It. | Report Abuse Reply 0
can i apply right issue using asba from other bank which is not linked to the demat account of applicant.
Ex : demat account is of my father and asba bank is mine
Ramkisan Tambade
7. Ramkisan Tambade  Mar 10, 2021 22:07 I Like It. | Report Abuse Reply 0
Dear sir,
My l&t finance right issue application not done,my payment to be return proceess,to be information
Model satyam
6. Model satyam  Mar 9, 2021 16:31 I Like It. | Report Abuse Reply 0
CL232151430009 is application number of my railtel ipo . My blocked amount is RS.29140 .I have allotment of 155 shares which amount additionally RS.14570 is debited from my account on 3rd of March 2021 . I did not get refund of RS.29140 which is blocked for rail tail ipo till 8Th of March 2021 .Now autopay removed but I don't get credit amount to be my account.So I request you to unblock my blocked amount.
I WANT TO KNOW WHAT IS ISSUE
Pavan Bhutada
5. Pavan Bhutada  Mar 6, 2021 23:18 I Like It. | Report Abuse Reply 0
DEAR SIR REFUND IPO BLOK AMOUNT
ISSUE PLESE
Tapas Debnath
4. Tapas Debnath  Feb 24, 2021 16:06 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 21:20 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 22:50 I Like It. | Report Abuse 0
Apply for right ishu
Nirmala Suresh kumar chintala
3.5. Nirmala Suresh kumar chintala  Feb 10, 2021 16:42 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 12:43 I Like It. | Report Abuse Reply 0
L&T fin RE price break up
Anubhav Bajpai
1. Anubhav Bajpai  Feb 5, 2021 15:24 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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