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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 Record Date Issue price (Per Share) Issue Size (Rs Cr) CMP of Share CMP of Rights Entitlement Renunciation of Rights Entitlements
Samor Reality LtdNov 11, 20222516.1350.7
Alan Scott Industriess Limited3073
Evoq Remedies Ltd1048.9616
Ellora Trading Limited1812.9629.8
Heritage Foods Limited523.2318.05
Earum Pharmaceuticals Limited249.342.29
White Organic Agro Limited103513.68
Radhe Developers (India) Limited755.48.1
Pricol LimitedDec 03, 2020Dec 17, 2020Nov 25, 20203081.25
Shoppers Stop LimitedNov 27, 2020Dec 11, 2020Nov 20, 2020140299.17
Mold-Tek Packaging LimitedOct 28, 2020Nov 11, 2020Oct 22, 202018071.3
EIH LimitedSep 29, 2020Oct 13, 2020Sep 23, 202065349.67
Deepak Fertilisers and Petrochemicals Corporation LimitedSep 28, 2020Oct 12, 2020Sep 17, 2020133178.12
Rushil Decor LimitedSep 21, 2020Oct 05, 2020Sep 11, 20205024.89
Minda Industries LimitedAug 25, 2020Sep 08, 2020Aug 17, 2020250242.79
Satin Creditcare Network LimitedAug 12, 2020Aug 26, 2020Aug 05, 202060119.9
Spencer's Retail LimitedAug 04, 2020Aug 18, 2020Jul 29, 20207579.53

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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