Upcoming Rights Issue 2024
Here is the list of recent Rights Issue 2024 offers. Stay tuned for the latest Rights Issue 2024 offers and stay invested in the primary market.
Company | Record Date | Issue Open | Issue Close | Issue Price |
---|---|---|---|---|
Valencia Nutrition | Mar 7, 2024 | Mar 15, 2024 | Mar 22, 2024 | ₹26 |
Dipna Pharmachem | Feb 12, 2024 | TBA | TBA | ₹10 |
Affordable Robotic & Automation | Feb 12, 2024 | Feb 26, 2024 | Feb 27, 2024 | ₹450 |
Yarn Syndicate | Jan 24, 2024 | Feb 6, 2024 | Feb 21, 2024 | ₹27 |
Quest Softech (India) Limited | Jan 8, 2024 | Feb 2, 2024 | Feb 2, 2024 | ₹30 |
Mangalam Industrial Finance | Jan 29, 2024 | Feb 12, 2024 | Feb 26, 2024 | ₹3.95 |
Nagreeka Exports | Jan 29, 2024 | Feb 12, 2024 | Feb 23, 2024 | ₹20 |
Magnum Ventures | Jan 25, 2024 | Feb 7, 2024 | Feb 21, 2024 | ₹54 |
Shree Ajit Pulp and Paper | Jan 18, 2024 | Jan 30, 2024 | Feb 20, 2024 | ₹80 |
Genpharmasec Limited | Jan 9, 2024 | Jan 23, 2024 | Feb 13, 2024 | ₹1.75 |
Adroit Infotech | Jan 19, 2024 | Feb 7, 2024 | Feb 16, 2024 | ₹15 |
Indiabulls Housing Finance | Feb 1, 2024 | Feb 7, 2024 | Feb 13, 2024 | ₹150 |
Indian Infotech And Software | Jan 29, 2024 | Feb 6, 2024 | Feb 13, 2024 | ₹1.60 |
Why do Companies come up with Rights Issues?
The companies come up with a rights issue to give a benefit to their existing shareholders. It helps the shareholders to get extra shares by participating in the rights issue process. The company offers a good discount so that the shareholders participate in the rights issue, which will be calculated as per the rights issue ratio finalized by the company in the offer.
An Example of Rights Issue Offer:
Let’s say Reliance Industries comes up with the right issue at a price of ₹2000 against the current share price of ₹2400 it means the shareholders can acquire the shares at ₹400 discounted price. The company’s final ratio of around 1:3 implies the company will offer 1 equity share against 3 equity shares held by the shareholders. So before participating in the rights issue offer please read the details carefully. It is easy to understand.
One Response
Good list, keep updated