Everything you need to know about Manav Infra Projects Limited Rights Issue 2025

Corporate actions Rights issue
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Manav Infra Projects Limited (MANAV) has announced a rights issue of 68,36,000 equity shares aggregating up to Rs. 7.52 crores. The rights issue opens for subscription on March 12, 2025, and closes on March 24, 2025.

Anyone who holds shares of Manav Infra Projects Limited as of February 28, 2025 (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 February 27, 2025. The ex-date is February 28, 2025.

Rights issue details

Issue Period March 12, 2025 - March 24, 2025
RE Trading Period March 12, 2025 - March 18, 2025
RE Symbol MANAV-RE-ST
Issue Price Rs. 11 per share
Ratio 1:1
EX-date February 28, 2025
Record Date February 28, 2025
Tentative Date of Allotment for rights shares March 27, 2025
Tentative Date of Credit of rights shares April 01, 2025
Tentative Date of Listing for rights shares April 04, 2025

How to apply for Manav Infra Projects 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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Sir,please share the good dividends and bonus , splits, buyback and OFS corporate
announcements details also share in this platform sir,sir i dought what is the warrants and how to convert warrants,warrants how to helpful for traders or helpful for promoters ?
What is the relation between warrants and promoters…,please share the briefly on warrants and uses,Thank you sir…

Regards,
3nadh

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Hi @3nadh , will do this in the next few days and have the details posted.

Warrants are issued by the company to raise funds. Probably the simplest way to understand them is by comparing them with options. Both are sorta similar. In warrants, yu will have the right but not the obligation, meaning you can buy the shares at a fixed price if you want, but if you decide not to, it’s your choice.

Comparing with options for your understanding. If you are trading in options, say the SBI 800 call option, the far-month contract is for May, expiring on May 29, 2025. You can hold the position until this date by paying a premium and, if required, take delivery of the stocks. That’s roughly up to 90 days.

In warrants, you have a longer period but need to pay a portion of the stock’s price upfront.

Let’s take a recent example:

Dhani Services announced that they’re issuing 4.5 crore warrants at an issue price of ₹90.30 per warrant. Check this circular for your reference.

As mentioned, warrants allow you to buy shares at a fixed price in the future, but you are not a shareholder unless you convert them into fully paid shares by paying the full amount.

If you check the circular, the company doesn’t ask you to pay the full 90.30 per share upfront. Instead, it requires 25% upfront, which is around 22.58 per warrant, and the remaining 67.72 is to be paid when you choose to convert the warrant into a share. The validity of the warrant is 18 months. You have 18 months to pay the remaining 75% and convert it into a share. If you don’t, you lose the advance money, and the warrant expires worthless.

You will make money if the stock price goes up. Say, the stock price rises to 120, you can buy at 90.30 and sell at 120, making a profit of 29.70 per share. But looking at today’s price 57, it isn’t worth exercising the warrant yet, so holders might wait for 18 months in hopes that the stock price increases.

That said, warrants are not traded on the exchange. These were privately placed to the companies mentioned in the circular and are traded as per company terms.

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Sir, suppose fully paid amount and warrants convert to shares after that shares possible to sell? or any lock in period have? retail share holders also participate in this event or not?how much capital required for the participation,Thank you Sir…