February 29, 2024
3.3K

Rights Issue - February 2024

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for February 2024:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Mitsu Chem Plast Limited17-Feb17-FebRs. 144 (Rs. 72 on App - PP Shares)26- Feb to 29-Feb04- MarASBABSE
Dipna Pharmachem Limited12-Feb12-FebRs. 1026- Feb to 04-Mar07- MarASBABSE
Scanpoint Geomatics Limited19- Feb19- FebRs. 528- Feb to 01-Mar07- MarASBABSE
Affordable Robotic & Automation Limited12- Feb12- FebRs. 45026- Feb to 01-Mar07- MarASBABSE
Mangalam Industrial Finance Limited29- Jan29- JanRs. 3.9512- Feb to 20-Mar12- MarASBABSE
Silgo Retail Limited22- Feb22- FebRs. 2529- Feb to 11-Mar15-MarASBANSE
Globe Textiles (India) Limited23- Feb23- FebRs. 306-Mar to NA15-MarASBANSE
South Indian Bank Limited27- Feb27- FebRs. 2206-Mar to NA20-MarASBABSE
Mercury Trade Links Limited01-Mar01-MarRs. 4011-Mar to NA21-MarASBABSE

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

  • For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

    • Here's a list of existing SCSBs.

    For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.

    Share button