Rights Issue - April 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 April 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 |
MKVentures Capital Limited | 04-Apr | 04-Apr | ?936 | 17-Apr to 20-Apr | 25-Apr | ASBA | BSE Circular |
PNB Housing Finance Limited | 05-Apr | 05-Apr | ?275 | 13-Apr to 24-Apr | 27-Apr | ASBA | BSE Circular |
Som Distilleries & Breweries Limited | 14-Apr | 14-Apr | ?140 | 26-Apr to 08-May | 11-May | ASBA | BSE Circular |
Rushil Decor Limited | 13-Apr | 13-Apr | ?162 | Starting 02-May | 12-May | ASBA | BSE Circular |
Earum Pharmaceuticals Limited | 10-Apr | 10-Apr | ?2 | NA | NA | ASBA | BSE Circular |
GI Engineering Solutions Limited | 18-Apr | 18-Apr | ?10 | 27-Apr to 03-May | 09-May | ASBA | BSE Circular |
Prerna Infrabuild Limited | 21-Apr | 21-Apr | ?20 | 02-May to 15-May | 18-May | 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.
Bonus Issue of Nettlinx 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, Nettlinx Ltd. (Scrip Code: 511658) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Nettlinx Ltd. | NETTLINX | 24-Apr | 24-Apr |
Refer: BSE circular
Sub-division of equity shares of Goyal Aluminiums Ltd.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Goyal Aluminiums Ltd. (Scrip Code: 541152) will be subdivided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Goyal Aluminiums Ltd. | GOYALALUM | 1:10 | 25-Apr | 25-Apr |
Refer: BSE circular
Important Dates: Mankind Pharma Ltd. IPO
Mankind is India’s 4th largest pharmaceutical company in terms of Domestic Sales and 3rd largest in terms of sales volume for Moving Annual Total for December 2022. Mankind is present in several acute and chronic therapeutic areas in India, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients and respiratory.
Read more about Mankind Pharma IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 03-May-23 |
Initiation of Refunds | 04-May-23 |
Credit of Shares to Demat Acct | 05-May-23 |
IPO Shares Listing Date | 08-May-23 |
UPI mandate expiry date | 09-May-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.
Sub-division and bonus Issue of equity shares of IFL Enterprises Ltd.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more to its existing shareholders.
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 a recent BSE circular,
The key dates for the same are as follows:
Company Name | Symbol | Record Date | Ex-bonus Basis From Date |
IFL Enterprises Ltd. | IFL | 21-Apr | 21-Apr |
Refer: BSE circular
Sub-division of equity shares of Tips Industries Ltd.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Tips Industries Ltd. (Scrip Code: 532375) will be subdivided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Tips Industries Ltd. | TIPSINDLTD | 1:10 | 21-Apr | 21-Apr |
Refer: BSE circular
The amalgamation of Gujarat Sidhee Cement Ltd. into Saurashtra Cement Ltd.
As per a BSE circular, Saurashtra Cement Ltd has announced the allotment of equity shares to Gujarat Sidhee Cement Ltd. shareholders w.e.f 21-Apr-23. 62 equity shares with a face value of Rs.10/- each of Saurashtra Cement Ltd. to be issued as fully paid up equity shares for every 100 fully paid up equity shares with a face value of Rs 10/- each held by shareholders of Gujarat Sidhee Cement Ltd.
It is hereby notified that the following security will be suspended from trading w.e.f 21-Apr-23.
Name of Company | Symbol | Series | Reason for Suspension |
Gujarat Sidhee Cement Limited | GSCLCEMENT | EQ | Scheme of Amalgamation |
Refer: BSE Circular
Gujarat Sidhee Cement Ltd to stop trading
As per a recent circular, the following security will be suspended from trading w.e.f. April 20, 2023.
Name of the Company | Symbol | Reason for Suspension |
Gujarat Sidhee Cement Ltd | GSCLCEMENT | Scheme of Amalgamation |
Refer: NSE Circular
Sub-division and bonus Issue of equity shares of Global Capital Markets Ltd.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more to its existing shareholders.
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 a recent BSE circular,
The key dates for the same are as follows:
Company Name | Symbol | Record Date | Ex-bonus Basis From Date |
Global Capital Markets Ltd. | GLOBALCA | 20-Apr | 20-Apr |
Demerger of Allcargo Logistics Ltd.
As per a BSE circular, Allcargo Logistics Ltd. will demerge w.e.f. 18-Apr-23.
Due to this demerger, 1 equity share of Allcargo Terminals Ltd. will be issued for every 1 equity share held in Allcargo Logistics Ltd., and 1 equity share of Transindia Realty & Logistics Parks Ltd. will be issued for every 1 equity share held in Allcargo Logistics Ltd.
Name of Company | Symbol | Scrip Code |
Allcargo Logistics Ltd. | ALLCARGO | 532749 |
Refer: BSE Circular