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Understanding Rights Issue: A Smart Way Companies Raise Capital

When a company needs funds to expand, pay off debt, or improve operations, it has several options—taking loans, issuing new shares, or inviting outside investors. One popular method is the Rights Issue.

A Rights Issue allows existing shareholders to buy additional shares of the company at a discounted price before the shares are offered to the public. This gives shareholders the “right” (not obligation) to maintain their ownership percentage and benefit from future growth.

How a Rights Issue Works

  1. Announcement
    The company announces the rights issue, stating the ratio (e.g., 1:4 means 1 new share for every 4 shares held) and the discounted price.
  2. Offer Period
    Shareholders get a fixed time window to subscribe to the new shares.
  3. Options for Shareholders
    • Subscribe fully to maintain stake.
    • Subscribe partially and buy fewer shares.
    • Sell rights (if tradable) to another investor.
    • Ignore the offer, which may reduce their ownership percentage.

Why Companies Go for a Rights Issue

  • Debt-free funding – No interest payments like in loans.
  • Strengthens balance sheet – Improves equity base.
  • Funds expansion – For new projects, acquisitions, or working capital.
  • Loyalty to existing investors – Gives first preference to current shareholders.

Pros and Cons of a Rights Issue

✅ Advantages for Shareholders

  • Discounted share price compared to market.
  • Chance to increase stake in the company.
  • Flexibility to sell rights if not interested.

❌ Disadvantages for Shareholders

  • Need to invest extra money.
  • If ignored, ownership gets diluted.
  • Share price may fall temporarily after issue.

Example of a Rights Issue

Suppose you own 100 shares of a company priced at ₹200 each. The company announces a 1:5 rights issue at ₹150 per share.

  • You are entitled to buy 20 new shares (100 ÷ 5).
  • Instead of paying ₹200, you can buy them at ₹150.
  • Total investment = ₹3,000 (20 × 150).
  • If the company grows, your holdings will be worth more in the future.

Conclusion

A Rights Issue is a win-win if the company has strong fundamentals and a clear growth plan. Shareholders benefit from discounted prices and higher ownership, while the company gets fresh capital without increasing debt.

Before participating, investors should always evaluate the company’s financial health, purpose of the issue, and long-term prospects.

Entity/PersonPenalty Amount
Nexgen Inventive Information Technology Pvt. Ltd.₹25,000
Abhishek Burman Kumar (Director)₹5,000
Shabnam Praveen (Director)₹5,000
Entity/PersonPenalty Amount
Nexgen Inventive Information Technology Pvt. Ltd.₹25,000
Abhishek Burman Kumar (Director)₹5,000
Shabnam Praveen (Director)₹5,000
Entity/PersonPenalty Amount
Nexgen Inventive Information Technology Pvt. Ltd.₹25,000
Abhishek Burman Kumar (Director)₹5,000
Shabnam Praveen (Director)₹5,000

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