Prabha Energy Rights Issue dates 20 – 27 March 2026.
Prabha Energy (PEL), a National Stock Exchange (NSE) listed entity, has emerged as a specialized powerhouse in the Indian energy landscape. Centered on the exploration and production (E&P) of Coal Bed Methane (CBM), PEL is a critical contributor to India’s “Aatmanirbhar Bharat” vision by enhancing domestic natural gas output and reducing import dependency.
The company’s operational backbone is anchored in high-potential assets, most notably the Jharia CBM Block in Jharkhand. Prabha Energy operates through a Joint Venture (JV) framework, holding a 25% participating interest in the Jharia Block alongside industry titans ONGC and IOCL. This allows PEL to leverage large-scale infrastructure while maintaining a lean, technology-driven operational model.
PEL’s technical expertise lies in unlocking “clean fuel” from deep coal seams. By employing advanced hydro-fracturing and specialized dewatering technologies, the company monetizes vast unconventional reserves essential for the nation’s transition toward a gas-based economy. Beyond Jharia, PEL’s portfolio includes interests in the North Karanpura Block, further diversifying its resource base.
Promoters of Prabha Energy – Mr. Paras Shantilal Savla, and Mr. Rupesh Kantilal Savla
Table of Contents
Prabha Energy Rights Issue Details
| Prabha Energy Rights Issue Date | 20 – 27 March 2026 |
| Prabha Energy Rights Issue Price | INR 144 per share |
| Issue Size (in Shares) | 96,67,258 shares |
| Issue Size (in INR) | INR 139.21 crore |
| Issue Entitlement | 5 equity shares for every 14 equity shares held on the record date |
| Terms of Payment | Partly paid-up |
| Prabha Energy Rights Issue Record Date | 11 March 2026 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Prabha Energy Rights Issue Calculation
| Prabha Energy Rights Issue Price | INR 144 per share |
| Market Price on Rights Issue Approval | INR 161.40 per share |
| Dilution Factor (X) | 1.36 |
| Fair Value After Dilution at Prevailing Price | INR 156.82 per share |
Prabha Energy Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 33.45 | 2.79 | 3.95 |
| Expenses | 30.08 | 3.77 | 5.81 |
| Operating Margin (%) | 10.07 | (35.13) | (47.09) |
| Net Income | 3.76 | (0.95) | (1.40) |
| ROCE (%) | NA | (0.19) | (0.35) |
Prabha Energy Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment/pre-payment, in full or in part of certain outstanding borrowings/loans availed by the company including the interest accrued – INR 125.00 crore
- General corporate purposes – INR 13.68 crore
Prabha Energy Rights Offer Documents
- Prabha Energy Rights Issue Application Form
- Prabha Energy Letter of Offer
- Board Meeting Outcome
- Prabha Energy Draft Letter of Offer
- Rights Issue in 2026
Prabha Energy Rights Issue Dates
| Rights Issue Approval Date | 17 February 2026 |
| Rights Issue Record Date | 11 March 2026 |
| Credit of Rights Entitlement | 12 March 2026 |
| Rights Issue Opening Date | 20 March 2026 |
| Last Date for Market Renunciation | 23 March 2026 |
| Rights Issue Closing Date | 27 March 2026 |
| Finalization of Basis of Allotment | 30 March 2026 |
| Rights Allotment Date | 30 March 2026 |
| Credit Date | 2 April 2026 |
| Listing Date | 2 April 2026 |
Prabha Energy Rights Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, Embassy 247, LBS Marg, Surya Nagar, Gandhi Nagar,
Vikhroli (West), Mumbai-400 083, Maharashtra, India
Telephone: +91 81081 14949
Email: [email protected]
Website: www.in.mpms.mufg.com
Prabha Energy Contact Details
PRABHA ENERGY LIMITED
12A, Abhishree Corporate Park,
Opp Swagat BRTS Bus Stop, Ambli-Bopal Road,
Bopal, Ahmedabad – 380058, Gujarat, India
Phone: +91 02717 298510
Email: [email protected]
Website: www.prabhaenergy.com
Prabha Energy Rights Offer FAQs
What is the Prabha Energy Rights Issue Price?
The issue price is INR 144 per share.
What is the Prabha Energy Rights Issue entitlement ratio?
The eligible shareholders are offered 5 Equity Shares for every 14 Equity Shares held on the record date.
What is the Prabha Energy Rights Issue Record Date?
The Record date is 11 March 2026.
How to Apply in Prabha Energy Rights Offer?
The best way to apply in Prabha Energy Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.