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 July 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 |
| Shraddha Prime Projects Limited | 03-Jul | 03-Jul | ?30 | 10-Jul to 19-Jul | 24-Jul | ASBA | BSE |
| Eiko Lifesciences Limited | 07-Jul | 07-Jul | ?45 (On App ?13.50) PP | 17-Jul to 20-Jul | 26-Jul | ASBA | BSE |
| GG Engineering Limited | 11-Jul | 11-Jul | ?1 | 20-Jul to 26-Jul | 31-Jul | ASBA | BSE |
| Seacoast Shipping Services Limited | 13-Jul | 13-Jul | ?2.40 | 21-Jul to 27-Jul | 02-Aug-23 | ASBA | BSE |
| Credent Global Finance Limited | 17-Jul | 17-Jul | ?140 | Starting From 25-Jul-23 | 08-Aug-23 | ASBA | BSE |
| Shree Ram Proteins Limited | 06-Jul | 06-Jul | ?2.30 | 17-Jul to 04-Aug | 10-Aug-23 (Ext.) | ASBA | NSE |
| Brooks Laboratories Limited | 28-Jul | 28-Jul | ?75 | 07-Aug to 09-Aug | 14-Aug-23 | 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.
