Everything You Need to Know About Shoppers Stop Rights Issue

Shoppers Stop will issue Right Entitlements (RE’s) to anyone who holds its shares as on record date November 20, 2020.

These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of Shoppers Stop or you can sell them in the market. You can check the announcement from the company here.

Issue Details
Ex-Date November 19, 2020
Record Date November 20, 2020
Ratio 17:70
Issue Price ₹ 140
Issue Period November 27, 2020 to December 11, 2020
RE Trading Period November 27, 2020 to December 07, 2020
Tentative Date of Allotment December 21, 2020
Tentative Date of Listing December 24, 2020

How to apply for Shoppers Stop Rights Issue?

Once you either receive the RE’s from the company or purchase it from the market, you can apply for the rights shares using Netbanking ASBA, you can check the process in this post.

You can also apply for the Rights Issue through the website of the Registrar & Transfer Agent. The website might not be fully functional until the issue opens.

You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through Netbanking ASBA.

RE trading from today around 40 per RE …full amount 140 per share payable with rights application…listing will be by 24 December…MARKET PRICE AS OF NOW IS 186 !
anybody has some view on this share as in financial performance there is not much to talk about !

Market price is 225 with 11 December 2020 to apply for rights at 140 per share . those who hold RE must apply or else will be zero from 12 December.