₹804.05 Crores | Listing at BSE, NSE | Thu, Mar 9, 2023 - Fri, Mar 17, 2023
Share India Securities Limited Rights Issue comprises 0.0638 Cr equity shares aggregating to ₹804.05 Cr, offered at an issue price of ₹700 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 28, 2023, with the Rights Issue being offered in the entitlement ratio of 1:50.
As per the terms of payment, ₹700 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 3, 2023.
The Rights Issue opens on Mar 9, 2023 and closes on Mar 17, 2023.
The deemed date of allotment is Mar 25, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 31, 2023 and listed on NSE and BSE on Apr 4, 2023.
Corporate Professionals Capital Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Share India Securities Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Feb 28, 2023
Entitlement Ratio
1 : 50
Open Date
Thu, Mar 9, 2023
Close Date
Fri, Mar 17, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 861.26 | 453.81 | 80.75 |
| 31-Mar-22 | 1,471.69 | 871.01 | 201.84 |
| Amount in ₹ Crore | |||
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.
The proceeds from the Issue are proposed to be utilized by the company towards the following Objects:
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.
[Dilip Davda] SISL which came with a small SME IPO at a price of Rs. 41 per share has rewarded shareholders handsomely. The RI at a discount of around 33.62% based on its last traded price of Rs. 1054.55 as of March 06, 2023, appears lucrative. Attachment of detachable le warrants entitling the investors to get new shares at the RI price till the end of 18 months of the allotment with deferred payment is also an added temptation. Investors may lap it up for medium to long-term rewards. Read detail review...
Share India Securities Limited
1701, 17th Floor, Dalal Street
Commercial Co-operative Society Limited, Road 5E,
Block 53, Zone 5, Gift City, Gandhinagar-382355
Gandhinagar, Gujarat, 382355
The Share India Securities Rights Issue 2023 opens on Thu, Mar 9, 2023, and closes on Fri, Mar 17, 2023.
Share India Securities Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, Mar 3, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, Mar 13, 2023 |
| Issue Opening Date | Thu, Mar 9, 2023 |
| Issue Closing Date | Fri, Mar 17, 2023 |
| Date of Allotment (on or about) | Sat, Mar 25, 2023 |
| Date of Credit (on or about) | Fri, Mar 31, 2023 |
| Date of Listing (on or about) | Tue, Apr 4, 2023 |
You can apply for Share India Securities Rights Issue 2023 in two ways:
Steps to apply for Share India Securities Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Share India Securities Rights Issue 2023 using Registrar's website (R-WAP)
