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Share India Securities Limited Rights Issue (Share India Securities Rights Issue 2023) Detail

March 9, 2023 - March 17, 2023
Share India Securities Limited Logo

Incorporated in 1994, Share India Securities Limited has been operating in the field of algo-trading. The company aims at offering millennials, an efficient trading experience by providing an automated trading platform to every Indian household.

The company offers products and services in the financial segment. They engage traders and investors in finding best investible opportunities.

Share India Securities offers products like Delivery trading, Intraday Trading, Future Trading, Options Trading, and IPO investment.

Investors can open Demat account, and Trading account with the entity and utilize the online trading services.

Share India has trading platforms in the form of stock trading app, web trading platform, and trading software.

Share India Securities Limited also offers additional facilities to its customers in the form of tools like VWAP, FII & DII Indicator, and Option Edge Calculator.

Share India Securities Rights Issue 2023 Detail

Issue Open March 9, 2023 - March 17, 2023
Security Name Share India Securities Limited
Issue Size (Shares) 638,131
Issue Size (Amount) ₹804.05 Crores
Issue Price ₹700 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of Rs. 700 is payable on application.

Entitlement 1 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date

Share India Securities Rights Issue 2023 Issue Timetable

Last Date to buy sharesFebruary 27, 2023
Record Date February 28, 2023
Credit of Rights Entitlements March 3, 2023
Bid/Offer Opens On March 9, 2023
Renunciation of Rights Entitlements March 13, 2023
Bid/Offer Closes On March 17, 2023
Deemed Date of Allotment March 25, 2023
Credit Date March 31, 2023
Listing Date April 4, 2023

Company Financials

Share India Securities Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21861.26453.8180.75
31-Mar-221,471.69871.01201.84
Amount in ₹ Crore

Objects of the Issue:

The proceeds from the Issue are proposed to be utilized by the company towards the following Objects:

  1. To augment the margin deposited with various stock exchanges and provide permissible funding to clients;
  2. General corporate purposes.

The company is offering a Rights Issue of Equity Shares of the face value of Rs. 10/- each along with Detachable Warrants ("Rights Securities") to the eligible shareholders of the Company. Hence, the rights entitlement will be as follows:

Rights Entitlement Ratio: 1 (one) Rights Equity Share along with 17 (seventeen) Detachable Warrants per Rights Equity Share, for every 50 (fifty) fully paid-up Equity Shares held by Eligible Equity Shareholders as of the Record Date.

Share India Securities Rights Issue 2023 Documents

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Company Contact Information

Share India Securities Limited
1701, 17th Floor, Dalal Street
Commercial Co-operative Society Limited, Road 5E,
Block 53, Zone 5, Gift City, Gandhinagar-382355

Phone: 0120-4910000
Email: info@shareindia.com
Website: http://www.shareindia.com/

Share India Securities Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Share India Securities Rights Issue 2023 Lead Manager(s)

Share India Securities Rights Issue 2023 FAQs

The Share India Securities Rights Issue 2023 opens on March 9, 2023, and closes on March 17, 2023.

Share India Securities Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsMarch 3, 2023
Last Date for renunciation of Rights EntitlementsMarch 13, 2023
Issue Opening DateMarch 9, 2023
Issue Closing DateMarch 17, 2023
Date of Allotment (on or about)March 25, 2023
Date of Credit (on or about)March 31, 2023
Date of Listing (on or about)April 4, 2023

Share India Securities Rights Issue 2023 price is set at ₹700 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date (February 28, 2023).

The record date for the Share India Securities Rights Issue 2023 is February 28, 2023.

The issue size of Share India Securities Rights Issue 2023 is of 638,131 equity shares at ₹700 per share aggregating upto ₹804.05 Crores.

The Letter of Offer for Share India Securities Rights Issue 2023 can be download here.

You can apply for Share India Securities Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Share India Securities Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Share India Securities Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Share India Securities Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Share India Securities Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Share India Securities Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Compare rights issues with Share India Securities Rights Issue 2023