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 September 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 |
| Gretex Corporate Services Limited | 23-Aug | 23-Aug | ?210 | 30-Aug to 01-Sep | 06-Sep-23 | ASBA | BSE |
| Orient Power Company Limited | 18-Aug | 18-Aug | ?10 | 28-Aug to 11-Sep | 15-Sep-23 | ASBA | BSE |
| Nakoda Group of Industries Limited | 05-Sep | 05-Sep | ?40 | 18-Sep to 22-Sep | 27-Sep-23 | ASBA | BSE/NSE |
| Advik Capital Limited | 07-Sep | 07-Sep | ?2.40 | 18-Sep to 26-Sep | 29-Sep | ASBA | BSE |
| Bhandari Hosiery Exports Limited | 13-Sep | 13-Sep | ?5.50 | 30-Sep to 07-Oct | 10-Oct | ASBA | BSE/NSE |
| Varanium Cloud Limited | 15-Sep | 15-Sep | ?123 | ASBA | NSE | ||
| Marshall Machines Limited | 29-Sep | 29-Sep | ?44.80 | 11-Oct to 16-Oct | 19-Oct | ASBA | NSE |
| Syschem (India) Limited | 29-Sep | 29-Sep | ?40 | 16-Oct to 23-Oct | 27-Oct | ASBA | BSE |
| Dudigital Global Limited | 22-Sep | 22-Sep | ?26.50 | ASBA | NSE |
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.
