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Right Issue: UPL and 11 other companies coming up with rights issue this week

December 2024 features multiple upcoming rights issues, offering existing shareholders opportunities to buy new shares at a discount. Understand rights issues, how they function, application methods, pricing calculations, and why companies opt for this approach to raise capital.
Upcoming Right Issue

What Is Right Issue?

A rights issue is a financial offering by a company, providing existing shareholders the option to purchase additional shares directly from the company at a discounted price, usually to raise capital. Shareholders can buy these shares in proportion to their existing holdings.

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Upcoming Right Issue Of Shares This Week 

Company NameRecord DateIssue OpenRenunciation of Rights EntitlementsIssue CloseIssue price (Per Share)Issue Size (Rs Cr)CMP of ShareCMP of Rights EntitlementRights Issue Ratio
Quasar India LimitedDec 11, 2024Dec 20, 2024Jan 17, 20251.1448.811.58:1
Ace Software Exports Ltd.Dec 5, 2024Dec 16, 2024Dec 20, 2024Dec 27, 20247850300.351:1
Jonjua Overseas LtdNov 29, 2024Dec 13, 2024Dec 17, 2024Dec 23, 2024107.9310.31:1
Vistar Amar LtdDec 6, 2024Dec 13, 2024Dec 17, 2024Dec 20, 202411730135.454:5
Lws Knitwear Ltd.Nov 28, 2024Dec 12, 2024Dec 19, 2024Dec 24, 2024181728.68.1519:10
VICEROY HOTELS LimitedNov 29, 2024Dec 12, 2024Dec 18, 2024Dec 24, 202411249.521247.37:10
Gujarat Natural Resources LimitedDec 3, 2024Dec 12, 2024Nov 17, 2024Dec 20, 20241048.1516.635.753:5
Moongipa Capital Finance Ltd.Dec 3, 2024Dec 12, 2024Dec 23, 2024Dec 27, 2024251531.944.792:1
Enbee Trade & Finance LtdNov 28, 2024Dec 10, 2024Dec 23, 2024Dec 30, 20241345.0813.110.19121:50:00
Upl LimitedNov 26, 2024Dec 5, 2024Dec 11, 2024Dec 17, 20243603,378546.95176.81:8
Nhc Foods LtdNov 26, 2024Dec 5, 2024Dec 12, 2024Dec 18, 2024147.422.490.864:1
Pradhin LtdNov 14, 2024Nov 25, 2024Dec 10, 2024Dec 16, 2024254828.370.3653:10:00

Introduction Of Upcoming Right Issue This Week

Quasar India Limited

Quasar India Limited is a diversified company offering services across various business sectors. Primarily specializing in financial services and business management, the company is advancing rapidly with its customer-centric approach and commitment to quality services.

Ace Software Exports Ltd

Ace Software Exports Ltd is a leading IT company specializing in software development and IT solutions. Offering services on a global scale, the company is known for delivering innovative and quality-driven technological solutions.

Jonjua Overseas Ltd

Jonjua Overseas Ltd is a trading company active in the textile and fabric industry. The company focuses on the export of high-quality products and is continuously working to expand the reach of its products in the global market.

Vistar Amar Ltd

Vistar Amar Ltd is a diversified company that operates actively across various industries. The company aims to provide better solutions to its clients by identifying new business opportunities and utilizing technological innovations.

VICEROY HOTELS Limited

VICEROY HOTELS Limited is a prominent hotel group that provides the highest level of hospitality services through its premium hotels and resorts. The company’s aim is to enhance luxury and comfortable travel experiences.

Gujarat Natural Resources Limited

Gujarat Natural Resources Limited is a natural resources company actively involved in minerals and energy production. The company contributes significantly to mineral extraction and natural gas production, as well as the energy sector.

Moongipa Capital Finance Ltd

Moongipa Capital Finance Ltd is a financial services company specializing in various investment schemes and capital investment options. The company’s goal is to provide clients with business investment and financial planning solutions.

Enbee Trade & Finance Ltd

Enbee Trade & Finance Ltd is a financial services company that offers investment, trading, and other financial solutions. The company provides investors with various financial products and plans along with supportive services.

Lws Knitwear Ltd

Lws Knitwear Ltd is a leading company specializing in the manufacturing of high-quality knitted apparel and fashion products. The company exports its products to global markets and is renowned for its technical expertise and fashion innovation.

Upl Limited

Upl Limited is a multinational company engaged in the production and supply of agricultural products, biotechnology, and chemical products. It provides farmers with pesticides, fertilizers, and other agricultural solutions, contributing to increased agricultural productivity and prosperity.

Nhc Foods Ltd

Nhc Foods Ltd is a prominent company operating in the food industry, producing high-quality food products. The company offers a diverse range of products across various food categories and is known for its quality and taste in the market.

Pradhin Ltd

Pradhin Ltd is a diversified company offering trade and services across various sectors. Actively involved in agriculture, food processing, and financial services, the company has built a strong identity in multiple industries. Its customer-centric approach and commitment to innovation have contributed to its growing prominence.

List Of Upcoming Right Issue Of Shares This Week 2024 – FAQs

How Do Right Issue Of Shares Work?

In a rights issue, a company offers existing shareholders the opportunity to buy additional shares directly from the company at a discounted price, within a specific period. Shareholders receive rights proportional to their current holdings, which they can exercise, sell, or let expire.

How To Apply For Rights Issue?

To apply for a rights issue, shareholders receive a rights entitlement based on their shareholding. They can apply by filling out the application form provided by the company and submitting it along with the subscription price for the number of shares they wish to purchase.

How To Calculate Subscription Price In Rights Issue?

The subscription price in a rights issue is usually set below the current market price to entice shareholders to invest. It’s calculated based on several factors including current stock performance, expected capital raise, and strategic goals, and is specified by the company during the announcement.

Why Company Issue Right Shares?

Companies issue right shares to raise additional capital for various purposes such as paying off debt, funding new projects, or expanding operations. It allows companies to secure funds while giving existing shareholders a chance to increase their investment at a potentially lower cost.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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