Sobhagya Mercantile Restricted (SOBME) has introduced a rights subject of 81,60,000 fairness shares aggregating as much as Rs. 17.14 crores. The rights subject opens for subscription on Could 06, 2024, and closes on Could 21, 2024.
Anybody who holds shares of Sobhagya Mercantile Restricted as of April 23, 2024 (document date) shall be eligible for receiving Rights Entitlements (REs). These REs shall be quickly traded on the inventory exchanges and can then be extinguished. You may both use the REs to use for the rights shares of the corporate or you’ll be able to promote them available in the market.
You may test the announcement from the corporate right here.
You’ll be eligible to obtain Rights Entitlements (REs) should you’ve purchased the shares on or earlier than April 22, 2024. The ex-date is April 23, 2024.
Rights subject particulars
Could 06, 2024 – Could 21, 2024
RE Buying and selling Interval
Could 06, 2024 – Could 16, 2024
RE Image
SOBME-RE
Difficulty Worth
Rs. 21 per share
Ratio
34:1
EX-date
April 23, 2024
File Date
April 23, 2024
Tentative Date of Allotment for rights shares
Could 28, 2024
Tentative Date of Credit score of rights shares
Could 29, 2024
Tentative Date of Itemizing for rights shares
June 03, 2024
apply for Sobhagya Mercantile Restricted Rights Difficulty?
When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing the beneath strategies;
You may test the appliance course of right here.
You’ll need to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights subject.
The choice to use for rights shares via the RTAs portal shouldn’t be accessible for this rights subject.
What’s going to occur to my bought holding of RE shares if I don’t apply for the rights subject?Your REs will lapse and you’ll lose the premium paid to amass them. The RE shall be within the type of momentary demat securities which is able to lapse if not renounced/exercised as soon as the buying and selling window is closed.
I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights subject?In case you might have purchased REs however don’t have shares, you’re nonetheless eligible for the rights subject. Chances are you’ll apply for the rights shares both via the RTA’s portal or through web banking ASBA in case your financial institution permits it. If you happen to don’t take any motion, and let the REs stay in your Zerodha account, they’ll lapse after the difficulty.
You may learn extra FAQs on Rights Difficulty and Rights Entitlements right here.