Fratelli Vineyards Ltd has approved a rights issue of partly paid-up equity shares to raise up to Rs 29.87 crore. Shareholders as of October 30, 2026, will be eligible for the offer at a price of Rs 90 per share. Investors are required to pay 60% of the amount on application, with the remaining 40% payable upon future calls by the board.
Fratelli Vineyards Approves Rs 29.87 Crore Rights Issue
Total capital target: Rs 29.87 crore.
Issue price: Rs 90 per share.
Reader Takeaway: Existing shareholders get discounted entry via rights, but must prepare for future capital calls on partly-paid shares.
What just happened
Fratelli Vineyards Ltd has set the final terms for its upcoming rights issue. The company aims to raise Rs 29.87 crore by issuing partly paid-up equity shares. The board has finalized the ratio at 10:131, meaning shareholders will be entitled to 10 new shares for every 131 held.
Key terms and dates
The issue price is fixed at Rs 90 per share, which includes a premium of Rs 80 per share. The record date for eligibility is October 30, 2026. The application window opens on November 6, 2026, and closes on November 17, 2026. Shareholders must note that on-market renunciation ends on November 12, 2026.
Payment schedule
The payment for these shares is divided into two tranches to ease the cash burden on investors. Applicants must pay 60% of the value—Rs 54 per share—at the time of application. The remaining 40%, amounting to Rs 36 per share, will be requested later by the company board in subsequent call(s).
Share capital impact
Upon full subscription and the subsequent payment of the second tranche, the total number of outstanding equity shares will rise from 4,34,72,394 to 4,67,90,897. This reflects the dilution impact for existing shareholders if they choose not to exercise their rights.
What to track next
Investors should closely monitor the board's future announcements regarding the schedule for the remaining 40% call payment. It is critical to track the record date to ensure participation eligibility.