Everything you need to know about Integra Essentia Limited Rights Issue

Integra Essentia Limited (ESSENTIA) has announced a rights issue of 15,36,24,538 equity shares aggregating up to Rs. 49.93 crores. The rights issue opens for subscription on June 11, 2024, and closes on June 25, 2024.

Anyone who holds shares of Integra Essentia Limited as of June 01, 2024 (record date) will be eligible for receiving Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company or you can sell them in the market.

You can check the announcement from the company here.

You will be eligible to receive Rights Entitlements (REs) if you’ve bought the shares on or before May 31, 2024. The ex-date is June 01, 2024.

Rights issue details

Issue Period June 11, 2024 - June 25, 2024
RE Trading Period June 11, 2024 - June 20, 2024
Issue Price Rs. 3.25 per share
Ratio 20:119
EX-date June 01, 2024
Record Date June 01, 2024
Tentative Date of Allotment for rights shares June 29, 2024
Tentative Date of Credit of rights shares July 02, 2024
Tentative Date of Listing for rights shares July 05, 2024

How to apply for Integra Essentia Limited Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the below methods;

You can check the application process here.

You will need to enter your Demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the rights issue.

The option to apply for rights shares through the RTAs portal is not available for this rights issue.

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQs on Rights Issue and Rights Entitlements here.

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