How do I apply for Right Issue at 5Paisa?
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After acquiring RE Shares from the Open Market, Non-Shareholders can proceed to apply for Right Issue Shares.
Steps to Apply For Right Issue at 5Paisa
Steps | Description |
1 | Find the Right Entitlement shares credited. |
2 | Subscribe to the Right Issue Shares. |
3 | Complete the Right Issue Shares via RTA or Netbanking. |
4 | Complete the payment process online via ASBA or RTA. |
5 | Visit the BSE or NSE for RTA information. |
How Do I Apply for Right Issues at 5Paisa?
For Shareholder:
Step 1: A shareholder may see their Right Entitlement (RE) shares of the corporation credited to their Demat Account if they had shares in it on the Record date.
Step 2: Shareholders who wish to subscribe for the Right Issue Shares may do so until the last date mentioned for the right issue.
Step 3: One of the two methods available for applying for Right Issue Shares is the Application Supported by Blocked Amount (ASBA) process. It can be completed online through the Registrar and Transfer Agent (RTA) or using net banking.
Step 4: The requisite payment must be made by shareholders at the time of the Right Issue application. The ASBA procedure or the RTA can be used to complete this payment process online.
Step 5: Customers looking for a product’s RTA information can visit the BSE (bseindia.com) or NSE (nseindia.com) websites to obtain the RTA details of a listed firm. Relevant information about the company will appear on the website when you search for its name.
For Non-Shareholders:
Step 1: Those who do not currently possess shares can participate in the Right Issue Shares program by acquiring Right Entitlement (RE) Shares from the Open Market.
Step 2: Once Non-Shareholders have obtained RE Shares on the Open Market, they are eligible to apply for Right-Issue Shares. This application must be completed using the Registrar and Transfer Agent (RTA) online, or the ASBA Process and filed by the deadline indicated for the appropriate issue.
Step 3: Like shareholders, non-shareholders must make the required payment for the Right Issue Shares in the course of the application. You have two options for making this payment: online via the RTA or via the ASBA Process.
Step 4: This mechanism enables non-shareholders to take part in a company’s rights issue through the initial purchase of RE Shares on the Open Market and subsequent applications for more shares using the approved procedures.