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:
| Company | Ex-date | Record Date | RI Price (Rs. per share) | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
| Indian Infotech & Software Limited | 29-Jan | 29-Jan | Rs. 1.60 | 06- Feb to 08-Feb | 13- Feb | ASBA | BSE |
| Adroit Infotech Limited | 19- Jan | 19- Jan | Rs. 15 (Rs. 3.75 on App - PP Shares) | 07- Feb to 12-Feb | 16-Feb | ASBA | BSE |
| Shree Ajit Pulp & Paper Limited | 18- Jan | 18- Jan | Rs. 80 (Rs. 48 on App - PP Shares) | 30- Jan to 16-Feb | 20- Feb | ASBA | BSE |
| Magnum Ventures Limited | 25-Jan | 25-Jan | Rs. 54 | 07- Jan to NA | 21- Feb | ASBA | BSE |
| Yarn Syndicate Limited | 24-Jan | 24-Jan | Rs. 27 (Rs. 13.50 on App - PP Shares) | 06- Feb to 16-Feb | 21- Feb | ASBA | BSE |
| Nagreeka Exports Limited | 30-Jan | 30-Jan | Rs. 20 | 12- Feb to 19-Feb | 23- Feb | ASBA | BSE |
| Mangalam Industrial Finance Limited | 29-Jan | 29-Jan | Rs. 3.75 | 12- Feb to 20-Feb | 26- Feb | ASBA | BSE |
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.
