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NRI

Introduction

There are many ways in which a company rewards its shareholders. Some of the common ways are issuing dividends, bonus shares or even issuing right shares. A Rights Issue is a process when a company invites its existing shareholders to purchase additional shares of a company. The company generally issue these shares at a discounted price and give the shareholders a specific time window to participate in the issue.

It is important to note that a rights issue is not open to the general public. It is only available for existing shareholders, and that too in the proportion to their existing holdings.

The shares offered in the rights issue can either be fully or partly paid. It is voluntary on behalf of shareholders to participate in the rights issue as they can also opt-out of purchasing the additional shares. The rights issue can be partly transferred to other investors with trading of the rights entitlements.

IPO RIGHT ISSUE

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Name Record Date Issue Period Premium Action
ETT Ltd Feb 11, 2025 Feb 21, 2025-Mar 05, 2025 5.0
Thangamayil Jewellery Ltd Feb 11, 2025 Feb 21, 2025-Mar 04, 2025 1390.0
Kairosoft AI Solutions Ltd Feb 11, 2025 Feb 17, 2025-Feb 24, 2025 240.0
Jyoti Structures Ltd Feb 10, 2025 Feb 17, 2025-Mar 03, 2025 14.0
Harshil Agrotech Ltd Feb 05, 2025 Feb 18, 2025-Mar 17, 2025 1.43
Ganesh Holdings Ltd Feb 05, 2025 Feb 18, 2025-Feb 27, 2025 90.0
Kairosoft AI Solutions Ltd Feb 05, 2025 Feb 17, 2025-Feb 24, 2025 40.0
Interactive Financial Services Ltd Jan 17, 2025 Jan 27, 2025-Feb 05, 2025 20.0
IEL Ltd Jan 17, 2025 Feb 04, 2025-Feb 21, 2025 3.45
Globe Textiles (India) Ltd Jan 17, 2025 Jan 24, 2025-Feb 06, 2025 1.0

IPO Right Issue FAQs

Rights issues benefit investors as they help them obtain additional shares of a company at a discounted rate when compared to the prevailing market price. However, one must remember to research the company’s performance before subscribing to the issue.

You can only apply for a rights issue via the ASBA (Application Supported by Blocked Amount) facility.

The company issuing the rights issue will send across a common application form to all its shareholder on the record date. Plus, the company also sends details of the rights and entitlements of the shareholder separately. The registrar of the issue also uploads the application form on its website.

If you are interested in applying and are eligible to do so, you can use the application form posted on the registrar’s website or the printed form sent by the issuer, registrars, or merchant bankers associated with the issue.

Lastly, you can also make an application in writing on a plain piece of paper.