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  • Upcoming Right Issue Of Shares This Week – September 2024 Rights

Upcoming Right Issue Of Shares This Week – September 2024 Rights

September 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.
  • 4 min read
Upcoming Right Issue Of Shares This Week - August 2024 Rights

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
Ganesha Ecoverse LimitedSep 9, 2024Sep 20, 2024Sep 24, 2024Sep 24, 20243546.9555.216:5
Patel Integrated Logistics LimitedSep 6, 2024Sep 19, 2024Sep 26, 2024Oct 01, 202418922.139:43
Oriental Trimex LimitedSep 05, 2024Sep 19, 2024Sep 24, 2024Sep 27, 20241148.5115.653:2
Emerald Leisures LtdSep 10, 2024Sep 17, 2024Sep 18, 2024Sep 24, 202412.512.52127.852:1
Vardhman Polytex LimitedAug 28, 2024Sep 12, 2024Sep 24, 2024Sep 27, 2024649.8411.224.897:23
Ducon Infratechnologies LtdAug 30, 2024Sep 12, 2024Sep 16, 2024Sep 19, 2024745.499.561.961:4
Akshar Spintex LtdAug 23, 2024Sep 09, 2024Sep 24, 2024Sep 30, 2024148.751.710.2113:8
Sru Steels LtdAug 31, 2024Sep 09, 2024Sep 18, 2024Sep 24, 20241047.9512.820.224:1
Modern Engineering and Projects LimitedAug 26, 2024Sep 05, 2024Sep 11, 2024Sep 17, 20244049.4463.929.814:1
Dhyaani Tradeventtures LimitedAug 23, 2024Sep 05, 2024Sep 06, 2024Sep 18, 20242329.3723.880.223:1
Atal Realtech LimitedAug 22, 2024Sep 02, 2024Sep 04, 2024Sep 18, 2024725.97.290.331:2

Introduction Of Upcoming Right Issue This Week

Ganesha Ecoverse Limited

Ganesha Ecoverse Limited is a company providing eco-friendly solutions, specializing mainly in waste recycling and management. It utilizes state-of-the-art technologies to promote sustainable development and a clean environment.

Patel Integrated Logistics Limited

Patel Integrated Logistics Ltd is a leading logistics company in India, specializing in freight transportation, warehousing, and supply chain management services. The company focuses on timely delivery and customer satisfaction.

Oriental Trimex Limited

Oriental Trimex Ltd is a company specializing in the trade of natural stones, actively involved in the import and distribution of stones such as marble and granite. It provides high-quality stone products for various industries.

Emerald Leisures Ltd

Emerald Leisures Ltd is a leading company in leisure and entertainment services, engaged in the development and operation of clubhouses, gyms, and other recreational facilities. The company actively promotes a healthy and premium lifestyle.

Vardhman Polytex Limited

Vardhman Polytex Ltd is a prominent company in the textile industry, specializing in yarn, fabric, and garment manufacturing. The company produces high-quality fabrics and offers its services to various national and international markets.

Ducon Infratechnologies Ltd

Ducon Infratechnologies Ltd is an engineering and technology company specializing in industrial solutions, environmental management, and digital system integration. The company focuses on innovation in energy efficiency and green technologies.

Akshar Spintex Ltd

Akshar Spintex Ltd is a leading cotton yarn manufacturer, producing and marketing various types of cotton yarns. The company is known for its quality, productivity, and competitive pricing, establishing a strong presence in the Indian textile industry.

Sru Steels Ltd

Sru Steels Ltd is a leading company in the steel industry, actively involved in the trade and distribution of various steel products. The company meets the needs of the construction and industrial sectors by supplying high-quality steel products.

Modern Engineering and Projects Limited

Modern Engineering and Projects Limited is a leading engineering and construction company specializing in infrastructure projects and industrial development. The company is known for its civil and mechanical engineering services.

Dhyaani Tradeventtures Limited

Dhyaani Tradeventtures Limited is a diversified trading company active in various commercial and financial services. The company invests in diverse business projects and provides business solutions to its clients.

Atal Realtech Limited

Atal Realtech Limited is a prominent real estate and construction company specializing in the development of residential and commercial projects. The company is recognized for its quality construction and project management services.

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

1. 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.

2. 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.

3. 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.

4. 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.

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Vinayak Hagargi
Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.
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