Prerna Infrabuild Limited (PRERINFRA) has announced a capital increase through a rights issue totaling Rs 240 crore. 4.817 billion. Entitlement subscriptions start on May 2, 2023 and end on May 18, 2023.
Anyone holding shares in Prerna Infrabuild Limited as of April 21, 2023 (Record Date) is eligible to receive an Entitlement (RE). These REs will temporarily trade on the stock exchange and then disappear. You can use RE to apply for rights shares in the company or sell them on the market.
You can check announcements from the company here.
If you purchase shares on or before April 20, 2023, you are eligible to receive a Rights Entitlement (RE). The ex-rights date is April 21, 2023.
Rights issue details
Issue period | May 2, 2023 to May 18, 2023 |
RE trading period | May 2, 2023 to May 15, 2023 |
RE symbol | planale |
issue price | 20 shares per share |
ratio | 2:1 |
ex-rights date | April 21, 2023 |
Record date | April 21, 2023 |
Planned date of allotment of Rights shares | May 26, 2023 |
Temporary Credit Date for Rights Shares | May 29, 2023 |
Planned listing date of rights shares | May 31, 2023 |
Once you have received RE from your company or purchased RE from the marketplace, you can apply for Rights Shares using the methods below.
You can check the application flow here.
You need to enter your Demat account. Beneficiary Owner ID This is the 16-digit number used when applying for rights issuance.
The option to request rights sharing through the RTA Portal is not available for this rights issue.
What happens to my purchased RE shares if I do not file a rights issue?
The RE expires and any premiums paid to acquire the RE are forfeited. RE will be in the form of temporary demat securities that expire if not abandoned/exercised after the trading window is closed.
I don’t own any shares, but I purchased RE. Am I eligible to apply for Rights Issuance?
If you have purchased RE but do not own shares, you are still eligible to issue rights. If your bank allows it, you can apply for Rights Shares via the RTA’s portal or online banking ASBA. If you do not take any action and leave the RE in your Zerodha account, the RE will expire after it is issued.
You can read more frequently asked questions about rights issues and rights eligibility here.