Share India Securities Rights Issue will open for subscription from 09 March 2023. the company aims for an issue size of ₹804.05 Crores through this rights Issue.
About the company
Incorporated in 1994, Share India Securities Limited has been operating in the field of algo-trading. The company aims at offering millennials, an efficient trading experience by providing an automated trading platform to every Indian household. The company offers products and services in the financial segment. They engage traders and investors in finding the best investment opportunities. Share India Securities offers products like Delivery trading, Intraday Trading, Future Trading, Options Trading, and IPO investment.
Investors can open a Demat account, and a Trading account with the entity and utilize the online trading services. Share India has trading platforms in the form of stock trading apps, web trading platforms, and trading software. Share India Securities Limited also offers additional facilities to its customers in the form of tools like VWAP, FII & DII Indicator, and Option Edge Calculator.
Objectives of the Issue
- To augment the margin deposited with various stock exchanges and provide permissible funding to clients;
- General corporate purposes.
Rights Issue Timetable
| Last Date to buy shares | 27 February 2023 |
| Record Date | 28 February 2023 |
| Credit of Rights Entitlements | 03 March 2023 |
| Bid/Offer Opens On | 09 March 2023 |
| Renunciation of Rights Entitlements | 13 March 2023 |
| Bid/Offer Closes On | 17 March 2023 |
| Deemed Date of Allotment | 25 March 2023 |
| Credit Date | 31 March 2023 |
| Listing Date | 04 April 2023 |
Share India Securities Rights Issue Details
| Issue Open | Mar 9, 2023 – Mar 17, 2023 |
| Security Name | Share India Securities Limited |
| Issue Size (Shares) | 638,131 |
| Issue Size (Amount) | ₹804.05 Crores |
| Issue Price | ₹700 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of Rs. 700 is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 861.26 | 453.81 | 80.75 |
| 31-Mar-22 | 1,471.69 | 871.01 | 201.84 |
Rights Issue Documents
Lead Manager(s)
- Corporate Professionals Capital Private Ltd
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://www.bigshareonline.com/
Company Contact Information
Share India Securities Limited
1701, 17th Floor, Dalal Street
Commercial Co-operative Society Limited, Road 5E,
Block 53, Zone 5, Gift City, Gandhinagar-382355
Phone: 0120-4910000
Email: info@shareindia.com
Website: http://www.shareindia.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
