ENTITLEMENT VISUAL
Ownership impact
8.7%new shares
Existing shares91.3%
Rights shares8.7%
If you do not participate8.7% potential dilution
Existing base21.00
Post-rights base23.00
OPEN
100% data coverage
Natco Pharma Ltd. Rights Issue 2026
Natco Pharma is raising fresh equity through a rights issue offered to eligible shareholders in the ratio of 2 rights shares for every 21 shares held on the record date.
Issue Price₹750.00
Rights ratio 2:21
₹1,279.36 Cr issue size
Record Date01 Oct 2026
Entitlement2:21
Rights / 100 Shares9.52
Capital / 100 Shares₹7,142.86
Issue Closes22 Oct 2026
OFFER SNAPSHOT
100% verified fieldsComplete rights issue terms
Record date01 Oct 2026
Entitlement ratio2:21
Issue price₹750.00
Face value₹2.00
Issue size₹1,279.36 Cr
Shares offered17,058,082
Issue opens12 Oct 2026
RE trading closes16 Oct 2026
Issue closes22 Oct 2026
AllotmentTBA
CreditTBA
ListingTBA
PAYMENT STRUCTURE
Cash requirement
On application₹750.00
Future call(s)None disclosed
₹750 per share payable as per the Letter of Offer.
OFFER TIMELINE
4 / 7 dates availableImportant dates
01
Record date
01 Oct 2026
02
Issue opens
12 Oct 2026
03
RE closes
16 Oct 2026
04
Issue closes
22 Oct 2026
05
Allotment
Awaited
06
Credit
Awaited
07
Listing
Awaited
What the ratio means for you
For 100 shares held9.52 rights shares
Approximate entitlement before rounding rules in the Letter of Offer.
Subscription cash₹7,142.86
Approximate total issue-price consideration per 100 existing shares.
New equity weight8.7%
Rights shares as a share of post-issue equity if fully subscribed.
Existing equity weight91.3%
Share of post-issue equity represented by the pre-issue base.
Objects of the issue
Use of fundsFund requirements disclosed in the Letter of Offer, including balance-sheet and corporate purposes.
OFFER ANALYSIS
How to read this issue
Entitlement2:21
The number of rights shares offered relative to shares held on the record date.
Pricing₹750.00
Compare the rights price with the prevailing market price and adjust for dilution rather than looking at the discount alone.
PaymentFully paid / single call
₹750 per share payable as per the Letter of Offer.
LiquidityCheck RE trading
RE liquidity may be limited, especially in smaller companies. Review spreads, volumes and the last trading date before transacting.
Dilution8.7%
Approximate ownership dilution for a non-participating shareholder if the issue is fully subscribed.
Issue purposeDisclosed
Assess whether funds support growth, working capital or debt reduction, or are primarily covering ongoing financial stress.
RISK CHECK
Key points to verify
CheckCheck the market price versus the ₹750 issue price before acting.
CheckRights Entitlements must be subscribed or renounced before the applicable deadline; otherwise they lapse.
Before you subscribe
- Confirm your eligibility and RE quantity in demat.
- Read the Letter of Offer and payment schedule.
- Compare the issue price with market price and expected dilution.
- Review the object of the issue, leverage, profitability and cash-flow context.
- Check whether the issue is fully paid or has future calls.
- If renouncing, act before the RE trading/transfer deadline.
- If subscribing, complete ASBA/application before issue closure.
SOURCE & VERIFICATION
Hourly tracker refreshData provenance
IPO News prioritises exchange filings, issuer investor-relations documents and the Letter of Offer. Secondary rights-issue trackers are used for discovery and change detection. Final dates, ratios, payment calls and application procedures should be confirmed against the official offer documents.
Rights Issue FAQs
Do I automatically receive shares if I receive an RE?
No. An RE is an entitlement. You still need to apply and pay according to the issue terms.
Can I buy an RE if I was not a shareholder on the record date?
Generally yes, where RE trading is available. Buying the RE and applying for the rights shares are separate steps.
What happens if I do not use the RE?
Unused REs can lapse after the relevant deadline. They do not automatically become shares or cash.
How should I interpret a large entitlement ratio?
A larger ratio means more new shares relative to the existing share base. That increases both the capital required to maintain proportional ownership and the dilution for holders who do not participate.
Is a lower rights price always a bargain?
No. The economics depend on dilution, business fundamentals, use of proceeds, market price, payment calls and the overall terms of the issue.