Everything You Need to Know About the Prismx Global Ventures Rights Issue

Update: Prismx Global Ventures has made the first and final call payment for the partly-paid shares. The company has fixed July 26, 2022, as the record date to determine the shareholders of partly-paid shares to whom the final call notice would be sent. You can check the announcement from the company here.

As a result, the partly-paid shares of Prismx Global Ventures (PRISMXPP) will be suspended from trading on exchanges with effect from July 25, 2022, and you will not be able to see these holdings on Kite.

Event Schedule
Payment ₹ 2 per share
Call Payment Period August 15, 2022 to August 29, 2022
Allotment & Listing Within 2 to 3 weeks from the last date of payment

How do I make the call payment

You can make call payment through the following modes:

  • Netbanking ASBA: Through the website of the SCSBs.
  • Physical ASBA: By submitting a physical application to the Designated Branch of SCSBs.

You can check the list of SCSB (Self Certified Syndicate Banks) here.

What will happen if I don’t make the call payment?

If you fail to pay the call money the partly paid shares may be forfeited (the current Prismx Global Ventures PP shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.



Prismx Global Ventures (PRISMX) will issue Rights Entitlements (REs) to anyone who holds its shares as of March 3, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before March 1, 2022. The ex-date is March 2, 2022.

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 Prismx Global Ventures or you can sell them in the market. You can check the announcement from the company here.


Issue Details

Ex-date March 2, 2022
Record Date March 3, 2022
Ratio 43:100
Issue Price ₹ 4 per share
Issue Period March 14, 2022 to March 28, 2022
RE Trading Period March 14, 2022 to March 22, 2022
Tentative date of allotment April 8, 2022
Tentative date of listing April 13, 2022

This is a partly-paid issue, meaning at the time of application you only have to make part payment.

Amount payable per equity share Face Value Premium Total
On Application 0.5 1.5 2
One or more additional calls as may be decided by the company 0.5 1.5 2
Total 1 3 4

If you continue holding partly-paid shares of Prismx Global Ventures when the company makes a call for the balance payment, you will be liable to pay the balance sum. Alternatively, if you sell the partly-paid shares, the buyer will be liable to pay the sum.


How to apply for the Prismx Global Ventures Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post.

You can also apply for rights shares through the website of the Registrar and Transfer agent. The website might not be fully live until the issue opens for the subscription.

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 your bank.



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 FAQ’s on Rights Issue and Rights Entitlements here.

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Prismx Global Ventures (PRISMX) will issue Rights Entitlements (REs) to anyone who holds its shares as of March 3, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before March 1, 2022. The ex-date is March 2, 2022.

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 Prismx Global Ventures or you can sell them in the market. You can check the announcement from the company here .

When I ll get about the details to pay the amount for my RE share plz do reply as I never got any mail for prismx global venture stock

Update: Prismx Global Ventures has made the first and final call payment for the partly-paid shares. The company has fixed July 26, 2022, as the record date to determine the shareholders of partly-paid shares to whom the final call notice would be sent. You can check the announcement from the company here.

As a result, the partly-paid shares of Prismx Global Ventures (PRISMXPP) will be suspended from trading on exchanges with effect from July 25, 2022, and you will not be able to see these holdings on Kite.

Event Schedule
Payment ₹ 2 per share
Call Payment Period August 15, 2022 to August 29, 2022
Allotment & Listing Within 2 to 3 weeks from the last date of payment

How do I make the call payment

You can make call payment through the following modes:

  • Netbanking ASBA: Through the website of the SCSBs.
  • Physical ASBA: By submitting a physical application to the Designated Branch of SCSBs.

You can check the list of SCSB (Self Certified Syndicate Banks) here.

What will happen if I don’t make the call payment?

If you fail to pay the call money the partly paid shares may be forfeited (the current Prismx Global Ventures PP shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.