Trading of Rights Entitlements pursuant to Rights Issue of Beardsell Limited and Shivam Autotech Limited

We would like to inform you the trading of Rights Entitlements (REs) with respect to the Rights Issue of two companies have opened. The two companies are Beardsell Limited and Shivam Autotech Limited.


Details of the Offer

Company Name Beardsell Limited Shivam Autotech Limited
Symbol BEARD-RE SHIVAM-RE
ISIN INE520H20014 INE637H20016
Face Value Rs 2 per equity share Rs 2 per equity share
No. of Rights Entitlements 93,66,336 shares 2,22,10,933 shares
Issue Size Up to Rs 936.63 lakh Up to Rs 400 crore
Issue price Rs 10 per equity share Rs 18 per equity share 
Issue opening date Dec 31, 2021 Dec 31, 2021
Date of suspension of RE Jan 11, 2022 Jan 24, 2022
Issue closing date Jan 14, 2022 Jan 28, 2022
Rights Entitlement ratio 1:3 2:9
Market lot 1 1

In case of Beardsell, the Rights Entitlement ratio is 1:3, which means you will get one equity share for every three shares held by existing shreholders at a discount to current market price. 

You are informed that the purchase of REs only gives you the right to participate in the ongoing Rights Issue of the company by making an application with requisite application money or renounce the REs before the issue closes.

REs which are neither subscribed nor renounced, on or before the issue closing date shall lapse and will be extinguished after the issue closing date.

To read the NSE notification circular, click here

To read the offer letter of Beardsell, click here 

To read other document related to the Rights Issue of Beardsell, click here and scroll down to the Rights Issue section at the bottom of the website. 

To read the offer letter of Shivam Autotech, click here

To access other documents related to the Rights Issue of Shivam Autotech, click here