Share India Securities Limited, founded in 1994, has been involved in algo trading. By providing an automated trading platform to every Indian household, the company aims to serve millennials with an efficient trading experience.
The company provides financial products and services. They assist traders and investors in locating the greatest investment possibilities.
Share India Securities offers trading services such as delivery trading, intraday trading, futures trading, options trading, and IPO investment.
Investors can open a Demat account and a Trading account with the company as well as use the entity’s online trading services.
Share India offers stock trading apps, web trading platforms, and trading software as trading platforms.
Share India Securities Limited additionally provides its customers with tools such as VWAP, FII & DII Indicator, and Option Edge Calculator.
Objects of the Issue:
The proceeds from the Issue are proposed to be utilized by the company towards the following Objects:
- To augment the margin deposited with various stock exchanges and provide permissible funding to clients;
- General corporate purposes.
The company is offering a Rights Issue of Equity Shares with a face value of Rs. 10/- each, as well as Detachable Warrants (“Rights Securities”) to the Company’s eligible shareholders. As a result, the following advantages will be provided: Rights Entitlement Ratio: One Rights Equity Share plus seventeen (17) Detachable Warrants for every fifty (fifty) fully paid-up Equity Shares held by Eligible Equity Shareholders as of the Record Date.
Share India Securities Rights Issue 2023 Detail
|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|
Share India Securities Rights Issue 2023 Issue Timetable
|Last Date to buy shares||Feb 27, 2023|
|Record Date||Feb 28, 2023|
|Credit of Rights Entitlements||Mar 3, 2023|
|Bid/Offer Opens On||Mar 9, 2023|
|Renunciation of Rights Entitlements||Mar 13, 2023|
|Bid/Offer Closes On||Mar 17, 2023|
|Deemed Date of Allotment||Mar 25, 2023|
|Credit Date||Mar 31, 2023|
|Listing Date||Apr 4, 2023|
Share India Securities Limited Financial Information (Restated Consolidated)
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
Share India Securities Rights Issue 2023 FAQs
Q1. When is Share India Securities Rights Issue 2023 coming?
Ans. The Share India Securities Rights Issue 2023 opens on Mar 9, 2023, and closes on Mar 17, 2023.
Q2. What is the schedule for Share India Securities Rights Issue 2023?
Ans. Share India Securities Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Mar 3, 2023 Last Date for renunciation of Rights Entitlements Mar 13, 2023 Issue Opening Date Mar 9, 2023 Issue Closing Date Mar 17, 2023 Date of Allotment (on or about) Mar 25, 2023 Date of Credit (on or about) Mar 31, 2023 Date of Listing (on or about) Apr 4, 2023
Q3. What is the issue price for Share India Securities Rights Issue 2023?
Ans. Share India Securities Rights Issue 2023 price is set at ₹700 per share per equity share.
Q4. In what ratio is the Share India Securities Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date (Feb 28, 2023).
Q5. What is the record date for Share India Securities Rights Issue 2023?
Ans. The record date for the Share India Securities Rights Issue 2023 is Feb 28, 2023.
Q6. What is the issue size of Share India Securities Rights Issue 2023?
Ans. The issue size of Share India Securities Rights Issue 2023 is of 638,131 equity shares at ₹700 per share aggregating upto ₹804.05 Crores.
Q7. Where can I get the Letter of Offer for Share India Securities Rights Issue 2023?
Ans. The Letter of Offer for Share India Securities Rights Issue 2023