Rights Issue - January 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 January 2024:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
La Tim Metal & Industries Limited02-Jan02-JanRs. 8.50 (Rs. 4.25 on App - PP Shares)10- Jan to 23- Jan29- JanASBABSE
Grasim Industries Limited10- Jan10- JanRs. 1812 (Rs. 453 on App - PP Shares)17- Jan to 23- Jan29- JanASBABSE
IND Renewable Energy Limited08- Jan08- JanRs. 2118- Jan to 23- Jan29- JanASBABSE
Genpharmasec Limited09- Jan09- JanRs. 1.7522- Jan to 02- Feb09-FebASBABSE
Skipper Limited12- Jan12- JanRs. 194 (Rs. 48.50 on App - PP Shares)30- Jan to 05- Feb08-FebASBABSE
Quest Softech (India) Limited08- Jan08- JanRs. 30 (PP Shares)10- Jan to 23- JanNAASBABSE

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.

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