You should raise this issue to the RTA, you can find contact details on this page.
Alternatively, you can apply via your Bank’s Net Banking ASBA portal as well. The process is similar to process of applying for IPO, if you don’t know, you can this post to know the process.
I don’t understand why people are applying for rights issue. They can sell the RE shares and directly buy Spencer’s shares from market at 10 rupees discount.
Hi, I have bought Spencer’s right issue in open trading session. It is not reflecting in my portfolio/holding now. Please let me know the status of my investment in Spencer-RE
The trading window for RE’s has closed, so you will no more see them in your holdings, though they are still in your Demat account and will remain until Issue closes on 18th August.
So, make sure you are applying for rights shares or the RE’s you have bought will expire worthless.
I bought Spencer RE shares and I would like to buy the rights shares, I went to https://linkintime.co.in/RightIssues/index.html filled my details but every time it says incorrect DP/Client ID, I have added the 16 digits that you see in Cosole->account/demat. Could you help here?
You need to ensure that you’re using the 16-digit ID available here. The DP Name is Zerodha Broking Limited.
Should you see an error ‘Invalid DP ID/DP account’ you can split the demat account number (16 digits) as DP ID: 12081600 and DP account: the remaining 8 digits.
Alternatively, you can apply via your Bank’s Net Banking ASBA portal as well. The process is similar to the process of applying for IPO, if you don’t know, you can read this post to know the process.
Should you see an error ‘Invalid DP ID/DP account’ you can split the demat account number (16 digits) as DP ID: 12081600 and DP account: the remaining 8 digits. https://linkintime.co.in/RightIssues/index.html page only has 16 fields cannot split. I get below error:
You need to click on Renoucee option if you have purchased RE. It will work.
You are getting invalid DP as you might didn’t have any shares on 29th July.
The RE’s will expire worthless, and if you have bought RE’s from market you will lose all the money you have paid to purchase the RE’s.
RE’s are temporary, so they are removed from your account. When you apply for rights shares, you will receive Spencers Retail’s shares equal to the number of RE’s you have.
I have 50 RE’s. and ratio is 2:15. then how it would be calculated. plz help me to calculate. bcz i want to apply for all 50 RE’s.
Means I have to fill (no of shares applied) ??