Rights Ratio
11:6
Premium
0
Announcement
25 Oct 2024
Record Date
30 Oct 2024
Ex-Rights
30 Oct 2024
Rights Ratio
7:1
Premium
0.76
Announcement
22 Oct 2024
Record Date
28 Oct 2024
Ex-Rights
28 Oct 2024
Rights Ratio
1:3
Premium
1.75
Announcement
22 Oct 2024
Record Date
25 Oct 2024
Ex-Rights
25 Oct 2024
Rights Ratio
119:758
Premium
218
Announcement
18 Oct 2024
Record Date
25 Oct 2024
Ex-Rights
25 Oct 2024
Rights Ratio
4:1
Premium
34.95
Announcement
18 Oct 2024
Record Date
24 Oct 2024
Ex-Rights
24 Oct 2024
Rights Ratio
6:5
Premium
2.6
Announcement
17 Oct 2024
Record Date
24 Oct 2024
Ex-Rights
24 Oct 2024
Rights Ratio
1:20
Premium
130
Announcement
15 Oct 2024
Record Date
22 Oct 2024
Ex-Rights
22 Oct 2024
Rights Ratio
1:6
Premium
251
Announcement
17 Oct 2024
Record Date
19 Oct 2024
Ex-Rights
18 Oct 2024
Rights Ratio
11:5
Premium
0.5
Announcement
15 Oct 2024
Record Date
18 Oct 2024
Ex-Rights
18 Oct 2024
Rights Ratio
29:2
Premium
3
Announcement
15 Oct 2024
Record Date
18 Oct 2024
Ex-Rights
18 Oct 2024
Rights Ratio
20:41
Premium
50
Announcement
07 Oct 2024
Record Date
14 Oct 2024
Ex-Rights
14 Oct 2024
Rights Ratio
3:1
Premium
0
Announcement
07 Oct 2024
Record Date
11 Oct 2024
Ex-Rights
11 Oct 2024
Rights Ratio
5:100
Premium
45
Announcement
07 Oct 2024
Record Date
11 Oct 2024
Ex-Rights
11 Oct 2024
Rights Ratio
4:5
Premium
0.2
Announcement
04 Oct 2024
Record Date
10 Oct 2024
Ex-Rights
10 Oct 2024
Rights Ratio
1:6
Premium
49
Announcement
01 Oct 2024
Record Date
07 Oct 2024
Ex-Rights
07 Oct 2024
Rights Ratio
1:2
Premium
1
Announcement
30 Sep 2024
Record Date
03 Oct 2024
Ex-Rights
03 Oct 2024
Rights Ratio
1:3
Premium
30
Announcement
12 Sep 2024
Record Date
26 Sep 2024
Ex-Rights
26 Sep 2024
Rights Ratio
1:15
Premium
880
Announcement
24 Sep 2024
Record Date
25 Sep 2024
Ex-Rights
25 Sep 2024
Rights Ratio
9:5
Premium
5
Announcement
12 Sep 2024
Record Date
16 Sep 2024
Ex-Rights
13 Sep 2024
Rights Ratio
25:39
Premium
90
Announcement
12 Sep 2024
Record Date
18 Sep 2024
Ex-Rights
17 Sep 2024
Rights Ratio
1:3
Premium
5.06
Announcement
06 Sep 2024
Record Date
13 Sep 2024
Ex-Rights
13 Sep 2024
Rights Ratio
1:1
Premium
1.2
Announcement
09 Sep 2024
Record Date
13 Sep 2024
Ex-Rights
13 Sep 2024
Rights Ratio
14:30
Premium
1.5
Announcement
10 Sep 2024
Record Date
12 Sep 2024
Ex-Rights
12 Sep 2024
Rights Ratio
1:10
Premium
315
Announcement
09 Sep 2024
Record Date
11 Sep 2024
Ex-Rights
11 Sep 2024
Rights Ratio
2:1
Premium
7.5
Announcement
09 Sep 2024
Record Date
10 Sep 2024
Ex-Rights
10 Sep 2024
Rights Ratio
6:5
Premium
25
Announcement
03 Sep 2024
Record Date
09 Sep 2024
Ex-Rights
09 Sep 2024
Rights Ratio
8:103
Premium
8
Announcement
28 Aug 2024
Record Date
06 Sep 2024
Ex-Rights
06 Sep 2024
Rights Ratio
1:5
Premium
165
Announcement
30 Aug 2024
Record Date
04 Sep 2024
Ex-Rights
04 Sep 2024
Rights Ratio
3:2
Premium
1
Announcement
31 Aug 2024
Record Date
05 Sep 2024
Ex-Rights
05 Sep 2024
Rights Ratio
4:1
Premium
0
Announcement
27 Aug 2024
Record Date
31 Aug 2024
Ex-Rights
30 Aug 2024
Rights Ratio
1:4
Premium
6
Announcement
26 Aug 2024
Record Date
30 Aug 2024
Ex-Rights
30 Aug 2024
Rights Ratio
7:23
Premium
5
Announcement
22 Aug 2024
Record Date
28 Aug 2024
Ex-Rights
28 Aug 2024
Rights Ratio
4:1
Premium
30
Announcement
20 Aug 2024
Record Date
26 Aug 2024
Ex-Rights
26 Aug 2024
Rights Ratio
13:8
Premium
0
Announcement
19 Aug 2024
Record Date
23 Aug 2024
Ex-Rights
23 Aug 2024
Rights Ratio
3:1
Premium
13
Announcement
21 Aug 2024
Record Date
23 Aug 2024
Ex-Rights
23 Aug 2024
Rights Ratio
1:2
Premium
5
Announcement
20 Aug 2024
Record Date
22 Aug 2024
Ex-Rights
22 Aug 2024
Rights Ratio
1:1
Premium
1
Announcement
13 Aug 2024
Record Date
14 Aug 2024
Ex-Rights
14 Aug 2024
Rights Ratio
3:2
Premium
0
Announcement
09 Aug 2024
Record Date
16 Aug 2024
Ex-Rights
16 Aug 2024
Rights Ratio
10:51
Premium
3
Announcement
06 Aug 2024
Record Date
13 Aug 2024
Ex-Rights
13 Aug 2024
Rights Ratio
1:5
Premium
10.5
Announcement
26 Jul 2024
Record Date
09 Aug 2024
Ex-Rights
09 Aug 2024
Rights Ratio
9:11
Premium
22
Announcement
02 Aug 2024
Record Date
07 Aug 2024
Ex-Rights
07 Aug 2024
Rights Ratio
1:1
Premium
3
Announcement
31 Jul 2024
Record Date
02 Aug 2024
Ex-Rights
02 Aug 2024
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What Is a Rights Issue?
A rights issue is providing rights to the existing shareholders of a company. This right gives the shareholders an opportunity to buy extra shares from the company at a discounted price than buying them in the secondary market. The number of extra shares that can be bought depends on the existing shares of the shareholders.
Should You Subscribe to the Rights Issue?
There can be multiple reasons why a company announces a rights issue. They might want to raise funds to fund capital expenditure, meet working capital requirements or repay debts. Understanding the purpose of the issue and how they will utilise the funds will help you determine whether to subscribe to the rights issue or not.
As an investor, you should look for two factors to understand whether you can subscribe to the issue or not:
- For whatever purpose the company is raising money, it should have strong earning potential in the future.
- The offer price of the rights issue is less or equal to the intrinsic value of the share.
Now, as an investor, there are a few options that you can choose from if you are holding shares in a company that has come up with rights issues.
- You can utilise your rights and subscribe to the offer.
- You can deny the rights and not subscribe to the offer.
- You can opt for ‘right entitlement’, where you sell your rights (to subscribe to the new shares) to someone else.
FAQs
What are the benefits of the rights issue?
For an investor, when you apply for the issue, you get new shares at a discounted price. For the company, they can raise money without incurring underwriting expenses and advertising costs.
What are the risks of rights issues for an investor?
If you don’t subscribe to the offer, your stake will be diluted because of the increased number of shares.
Who is eligible for the rights issue?
The existing shareholders can apply for the rights issue. The company offers rights issues to the existing shareholders on the company’s records as of the cut-off date, which is popularly known as a record date. The company fixes this record date.
How many shares can I apply for in the rights issues?
The number of extra shares that can be bought depends on the existing shares of the shareholders. For example, you hold 100 shares in a company and if the company offers 20 shares for every 100 shares held at a discounted price of ₹20 per share. Then, you will get 20 shares at ₹20 per share.