Rights issue lloyd engineering

[iamdhamo]

Anybody applying for lloyd engineering rights issue? It seems to be worth as current market price of stock is 46 and they are asking 15.5 for one share

The ratio for rights issue is 1:17

Any thoughts?

 

[Tejo]

Anybody applying for lloyd engineering rights issue? It seems to be worth as current market price of stock is 46 and they are asking 15.5 for one share

The ratio for rights issue is 1:17

Any thoughts?

You will get a profit of 25₹ per 830₹ .... will be better returns. Depends at which you bought normal share of l.....

But after rights issue the share price might decrease ...... technical

Anyway you can buy right shares .... how many shares you bought ... I think record date expired na??

 

[iamdhamo]

You will get a profit of 25₹ per 830₹ .... will be better returns. Depends at which you bought normal share of l.....

But after rights issue the share price might decrease ...... technical

Anyway you can buy right shares .... how many shares you bought ... I think record date expired na??

I had bought 2 years back when it was in single digit and I m eligible for 5 shares in rights issue