Everything you need to know about the Share India Securities Ltd. rights issue

Share India Securities Limited (SHAREINDIA) has announced a rights issue of 6.38 lakh equity shares along with 1.08 crore detachable warrants aggregating up to Rs. 804 crores. The rights issue opens for subscription on March 9, 2023, and will close on March 17, 2023.

Anyone who holds shares of Share India Securities Limited as of February 28, 2023 (record date) will be eligible for receiving Rights Entitlements (REs) along with Detachable Warrants. You can check the announcement from the company here.

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 KHFM Hospitality And Facility Management Services Limited or sell them in the market.

You will be eligible for Rights Entitlements (REs) if you have bought the shares on or before February 27, 2023. The ex-date is February 28, 2023.

Rights Issue Details

Issue Period March 9, 2023 - March 17, 2023
RE Trading Period March 9, 2023 - March 13, 2023
Issue Price Rs. 700 for rights shares and Rs. 700 for warrants
Ratio 1 RE and 17 detachable warrants for every 50 shares held
Ex-date February 28, 2023
Record Date February 28, 2023
Tentative Date of Credit March 31, 2023
Tentative Date of Listing April 4, 2023

Payment Schedule for Rights Equity Shares

Face Value Premium Total
On Application 10 690 700

Payment Schedule for Detachable Warrants

Schedule Total
On Application 175
On Warrant Exercise 525
Total 700

Note: At the time of application, for every right share you apply, you will have to apply for 17 warrants. The application for subscription of rights shares is liable to be rejected in case of part payment

Tenure of the Warrants

18 months from the date of allotment of the Warrants, i.e. Warrants which are not tendered to be converted into Equity Shares at the completion of the Warrant Exercise Period (18 months), shall lapse and the relevant holder/s of such Warrants shall not be entitled to allotment of the Equity Shares against such Warrants.

Warrant Exercise Period

A period that commences on the completion of the 1st month from the date of allotment of the Warrants and shall continue up to the completion of the 18th month from the date of allotment of the Warrants.

How to apply for Share India Securities 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 FAQ’s on Rights Issue and Rights Entitlements here.


How many shares I can buy? I am holding 13 quantities.

GUESS the listing price of SHARE INDIA SECURITIES “warrant” on 03 APRIL with 525 payable on exercise anytime from 24.04 .2023 till 18 months !
market price 1040 - 525 …

How to exercise share India warrants?