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.
Upcoming Right Issue Of Shares This Week
| Company Name | Record Date | Issue Open | Renunciation of Rights Entitlements | Issue Close | Issue price (Per Share) | Issue Size (Rs Cr) | CMP of Share | CMP of Rights Entitlement | Rights Issue Ratio |
| Purple Finance Ltd | Sep 26, 2024 | Oct 04, 2024 | Oct 8, 2024 | Oct 11, 2024 | 40 | 44.82 | 74.6 | – | 1:3 |
| Tilak Ventures Ltd | Sep 13, 2024 | Oct 03, 2024 | Oct 04, 2024 | Oct 11, 2024 | 2.2 | 49.03 | 4.87 | – | 1:1 |
| Narmada Agrobase Limited | Sep 16, 2024 | Sep 30, 2024 | Oct 03, 2024 | Oct 9, 2024 | 15 | 36.58 | 18.59 | – | 9:5 |
| Rapid Investments Ltd. | Sep 18, 2024 | Sep 26, 2024 | Oct 4, 2024 | Oct 10, 2024 | 100 | 8.4 | 127.25 | – | 1:39 |
| Srivari Spices And Foods Limited | Sep 04, 2024 | Sep 24, 2024 | Sep 27, 2024 | Oct 3, 2024 | 175 | 25 | – | – | 1:5 |
| Advik Capital Ltd | Sep 12, 2024 | Sep 24, 2024 | Oct 1, 2024 | Oct 4, 2024 | 2.5 | 49.95 | 2.85 | 0.17 | 14:30 |
| A B Infrabuild Limited | May 17, 2024 | Sep 24, 2024 | Sep 27, 2024 | Oct 4, 2024 | 18 | 9.95 | – | – | 1:8 |
| Synergy Green Industries Ltd | Sep 11, 2024 | Sep 23, 2024 | Sep 30, 2024 | Oct 4, 2024 | 325 | 45.92 | 410.1 | 82.25 | 1:10 |
| Ganesha Ecoverse Limited | Sep 9, 2024 | Sep 20, 2024 | Sep 24, 2024 | Sep 30, 2024 | 35 | 46.95 | 50.45 | 9.75 | 6:5 |
| Sadhana Nitrochem Limited | Sep 13, 2024 | Sep 20, 2024 | Sep 25, 2024 | Oct 1, 2024 | 6.06 | 49.91 | 57.5 | 47.08 | 1:3 |
| Patel Integrated Logistics Ltd. | Sep 6, 2024 | Sep 19, 2024 | Sep 26, 2024 | Oct 1, 2024 | 18 | 9 | 24.21 | 5.68 | 9:43 |
Introduction Of Upcoming Right Issue This Week
Purple Finance Ltd
Purple Finance Ltd is a financial service company that offers various financial products and services, including personal loans, property loans, and investment solutions. The company contributes to the growth and development of small and medium enterprises by providing them with financial assistance.
Tilak Ventures Ltd
Tilak Ventures Ltd is an investment and financial service company specializing in financial support and capital investment for small and medium-sized businesses. The company seeks profitable opportunities by investing in various industries and expanding its portfolio.
Narmada Agrobase Limited
Narmada Agrobase Limited is a leading agricultural product manufacturing company that produces animal feed, organic fertilizers, and other agriculture-based products. The company produces high-quality products for farmers, promoting sustainable development in the agricultural sector.
Rapid Investments Ltd
Rapid Investments Ltd is a financial service company that invests in the capital markets and provides investment management services for individual and institutional investors. The company’s primary objective is to seek long-term profitable investment opportunities and provide returns to investors.
Srivari Spices And Foods Limited
Srivari Spices And Foods Limited is a food production company that manufactures spices and food products. The company is known for its high-quality spices and food items, which are exported to domestic and international markets.
Advik Capital Ltd
Advik Capital Ltd is a non-banking financial company (NBFC) that specializes in financial products and services such as leasing, loans, and investment schemes. The company provides financial assistance to small and medium enterprises, promoting their business activities.
A B Infrabuild Limited
A B Infrabuild Limited is an infrastructure development company that works in civil construction, road construction, and real estate projects. The company specializes in providing construction services for public and private sector projects, contributing to the country’s infrastructure development.
Synergy Green Industries Ltd
Synergy Green Industries Ltd is an engineering company specializing in the large-scale manufacturing of casting and machining equipment. The company is known for its energy-efficient production and innovative technological solutions, significantly contributing to heavy industries.
Ganesha Ecoverse Limited
Ganesha Ecoverse Limited is an environmental service provider that offers sustainable solutions for waste management, recycling, and environmental conservation. The company is recognized for its technological innovations and green solutions in environmental management, helping to reduce pollution.
Sadhana Nitrochem Limited
Sadhana Nitrochem Limited is a chemical manufacturing company that produces aromatic nitro compounds and pharmaceutical chemicals. The company uses advanced technical processes to create its products and provides high-quality chemicals for various industries.
Patel Integrated Logistics Ltd
Patel Integrated Logistics Ltd is a leading logistics and transportation service provider that offers efficient transportation and supply chain solutions for various industries. The company’s services include cargo delivery via road, air, and sea, improving business efficiency.
List Of Upcoming Right Issue Of Shares This Week 2024 – FAQs
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.
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.
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.
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.
