Rights Issue - June 2023
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 June 2023:
Company | Ex-date | Record Date | RI Price | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
North Eastern Carrying Corporation Limited | 02-Jun | 02-Jun | ?18 (On App ?9) PP | 14-Jun to 29-Jun | 04-Jul (Extended) | ASBA | BSE/NSE Circular |
Debock Industries Limited | 01-Jun | 01-Jun | ?15 | 13-Jun to 21-Jun | 27-Jun | ASBA | NSE Circular |
Udaipur Cement Works Limited | 14-Jun | 14-Jun | ?18 | 21-Jun to 30-Jun | 05-Jul | ASBA | BSE/NSE Circular |
Cressanda Solutions Limited | 16-Jun | 16-Jun | ?20 | 27-Jun to 05-Jul | 11-Jul | ASBA | BSE Circular |
Alan Scott Industries Limited | 16-Jun | 16-Jun | ?30 (On App ?10) PP | 30-Jun to 07-Jul | 13-Jul | ASBA | BSE Circular |
Vintage Coffee & Beverages Limited | 19-Jun | 19-Jun | ?12 | 03-Jul to 05-Jul | 10-Jul | ASBA | BSE Circular |
Bandaram Pharma Packtech Limited | 30-Jun | 30-Jun | ?10 | 12-Jul to 17-Jul | 20-Jul | ASBA | BSE Circular |
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).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
Dharani Sugars & Chemicals Ltd. has stopped trading
Per a recent circular, the following security (Scrip Code: 507442) has been suspended from trading w.e.f. July 03, 2023.
Name of the Company | Symbol | Reason for Suspension |
Dharani Sugars & Chemicals Ltd. | DHARSUGAR | Bankruptcy & Insolvency |
Refer: BSE Circular | NSE Circular
W.e.f 03-Jul-23: New Identity for Gyscoal Alloys Ltd.
As per a recent circular, the name of Gyscoal Alloys Ltd. (Scrip code: 533275) will be changed as follows w.e.f 03-Jul-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
GAL | SHAH | Gyscoal Alloys Ltd. | Shah Metacorp Ltd. |
Refer: BSE Circular | NSE Circular
IPO Alert: Senco Gold Ltd.
Senco Gold is the largest organized jewelry retail player in the Eastern region of India based on number of stores. Their products are sold under the “Senco Gold & Diamonds” trade name, through multiple channels, including their 70 Company Operated Showrooms and 57 Franchisee Showrooms and various online platforms.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 11-Jul-23 |
Initiation of Refunds | 12-Jul-23 |
Credit of Shares to Demat Acct | 13-Jul-23 |
IPO Shares Listing Date | 14-Jul-23 |
UPI mandate expiry date | 15-Jul-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
[01-Jul-23] Quantity Freeeze Limit for Indices
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01-Jul-23.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
Refer: NSE Circular
Bonus Issue of Ddev Plastiks Industries Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Ddev Plastiks Industries Ltd. (Scrip Code: 543547) is issuing 1 bonus share for every 10 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Ddev Plastiks Industries Ltd. | DDEVPLASTIK | 30-Jun | 30-Jun |
Refer: BSE circular
Revised: BANKNIFTY Expiry Futures & Options Contract Cycle
As per the recent NSE Circular, the earlier circular regarding ‘Revision in BANKNIFTY Expiry’ dated 06-Jun-23 has been withdrawn with immediate effect.
With regards to the above, BANKNIFTY's expiry day will be ‘Thursday’ for all the F&O contracts going forward.
For more information, please refer to the NSE Circular.
Why am I unable to trade in contracts expiring on 29-Jun-23?
Due to a change in the expiry date, contract specifications have changed. Thus, the orders with the old expiry (29-Jun-23) are being rejected.
Please delete those particular scrips from the watchlist and add them again with the correct expiry date of 28-Jun-23 to resolve the issue and enjoy uninterrupted trading.
IPO Alert: PKH Ventures Ltd.
PKH Ventures is in the business of Construction & Development, Hospitality and Management Services. They execute Civil Construction works for Third Party Developer projects and have been awarded with 2 Government Projects viz., the Hydro Power Project and the Nagpur Project and 3 Government Hotel Development Projects.
Read more about PKH Ventures IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 07-Jul-23 |
Initiation of Refunds | 10-Jul-23 |
Credit of Shares to Demat Acct | 11-Jul-23 |
IPO Shares Listing Date | 12-Jul-23 |
UPI mandate expiry date | 13-Jul-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
Revision in date for trading holiday on account of Bakri Id
The trading holiday on account of Bakri Id is changed by NSE & BSE from 28th June to 29th June 2023. Revised expiry for F&O is now 28th June 2023. The markets will remain closed on Thursday, 29 June 2023.
Please note:
Refer: NSE circular | MCX Circular