Shares of Vaxfab Enterprises, which has risen 190% in the past year, will go ex-rights on Tuesday. The stock touched the 5% ceiling at Rs 43.45 on Monday. The microcap has a market capitalisation of Rs 5.21 crore.

The company, formerly Ellora Trading, announced a rights issue of 72 lakh shares at Rs 18 each. Assuming a full subscription, the issue size is Rs 129.6 crore. As of January 3, the equity registration date, the company’s existing equity of qualified shareholders is six shares per share.

In a filing with the BSE on December 30, the company said on the application of eligible shareholders, the full payment of Rs 18 per share should be made.

On December 2022, the company said: “The company has fixed Tuesday, January 3, 2023, as the record date, to address the eligibility of shareholders entitled to issue 6 fully paid-up equity shares of the face value of Rs 10 for every one equity share held by an eligible existing equity shareholder in the company on rights basis.

This company is engaged in the trade of insulators. It sources insulators and sells them to parties within India. It is also involved in the textile and clothing trade.

Meanwhile, Home Care Hospitals will transition to ex-rights today. The rights issue will consist of up to 4,07,67,00 fully paid shares in Home Care Hospital at an issue price of Rs 12 each, for a total of Rs 48.92 crore.

Also, Shriram Finance will convert to an interim dividend. The company has declared a dividend of Rs 15 per share. The same record date is January 4. Dividends will be paid on January 23.