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 |
Orient Green Power Company Ltd. | Aug 13, 2024 | Aug 27, 2024 | Sep 13, 2024 | 13 | 250 | 20.04 | 6.38 | 10:51 | |
Vinny Overseas Limited | Aug 14, 2024 | Aug 27, 2024 | Sep 04, 2024 | Sep 10, 2024 | 2 | 46.52 | 4.12 | 0.43 | 1:1 |
Modern Engineering and Projects Limited | Aug 26, 2024 | Sep 5, 2024 | Sep 11, 2024 | Sep 17, 2024 | 40 | 49.44 | 60.29 | 12.92 | 4:1 |
Dhyaani Tradeventtures Limited | Aug 23, 2024 | Sep 5, 2024 | Sep 06, 2024 | Sep 13, 2024 | 23 | 29.37 | 23.22 | 0.59 | 3:1 |
Atal Realtech Limited | Aug 22, 2024 | Sep 2, 2024 | Sep 4, 2024 | Sep 10, 2024 | 7 | 25.9 | 7.52 | 0.33 | 1:2 |
Introduction Of Upcoming Right Issue This Week
Orient Green Power Company Ltd
Orient Green Power Company Limited is a leading renewable energy company in India, specializing in wind and biomass power generation. The company is committed to promoting sustainable energy solutions for a greener future.
Vinny Overseas Limited
Vinny Overseas Limited is a prominent textile manufacturer and exporter, offering a wide range of fabrics and garments. The company is known for its commitment to quality, innovation, and customer satisfaction.
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
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.