thank you for the clarification
Yes u can edit the order even after applying for rights issue on ASBA. U can delete previous order & re order it afresh
I recieved 3000 REs in my zerodha account & i applied for 4000 REs yesterday on HDFC ASBA.
Later i bought 200 REs from open market on zerodha @ 42₹.
Please clarify how much will i have to pay ( in total) for these 200 REs bought from open market?
Same as other 3000 shares, 50+ 100 = 150
or
For 200 Shares 42+50+100 = 192.
Plz clarify
42 you already paid in market . now 50 on application to company plus if you continue to hold( partly paid share will also list ) for about a year till company calls , you have to pay balance 100.
Thanks, so that means i hv to pay ₹ 192 (in total) for 200 shares & for rest 3000 ( already in my demat) i need to pay 150 (in total) ?
YES. those 3000 you got as a shareholder and if applied additional shares you are likely to get 15-20% extra .
these 200 you got as a Renouncee so you can apply additional but slim chance of getting extra .
combined application for both category but it will be segregated at allotment level .
How does the taxation works out in this case if rights are sold?
I am not competent to answer tax related queries but let me attempt : Say your purchase price of share is 210 now minus EX rights price say 185 minus sale price of RE say 42 = your net gain is rs 17 per share .
Sorry i was unable to understand. Lets say buy price is 113 per share and bought 100 shares few months back and got 50 re shares and sold at 42 today.Is my profit 42*50 And have to pay capital gains on that?also is it short term as re were credited last week ? Does it have an impact on when I bought those 100 shares?
Buy price of share 11300 on which you got 50 RE which you sold at 42 means for 2100 …
share turned EX RIGHTS on 01.02 at 196 .
19600+2100 MINUS 11300 should be your gain and it will be long term . yes 19600 is notional till you sell it.
however i am not a tax advisor or ca hence just attempted to answer your question .
Appreciate the effort. I haven’t sold the original 100.only sold the 50 re at 42 hence the money i get is 50*42 and hence my profit is 2100 only? Is my understanding correct? Is it short term or long term?
tough for me to answer but i guess it is long term only as happen in case of merger or demerger where your date of purchase before merger-demerger only matter for working lt or st.
I forgot to apply for the Rights issue. What are my options now. How do I apply now.
The application window is open until 13th February. You can apply anytime until then. Please check the main post to know the application process.
Dear,
I had bought India Bull RE from my zerodha account which is linked with two account, now while application for ASBA which bank account should i mention. Bit confusing.
you can mention ANY bank account of your 's where you want refund if any which may not be linked even to trading account/demat account . example … my linked bank account TO Demat &trading is Cosmos bank wherein i use Canara bank to apply ipo / rights ./ call money payment .
Hi I bought 2k re yesterday do not have any shares do not want to lose my amount,my bank HSBc does not have net banking ASBA what are my options other than offline
REs are treated similar as equity shares and independently form actual shares of company giving rights.
So in this case yes your profit is 2100 and it is STCG as you got RE just couple of days back and sold in market
I am afraid if your bank is not providing online ASBA you have no practical option other than too do physical asba . if you have bank account with any other bank the same can be used .linked to demat or trading account is not required.
Other options is using third party asba which may not be safe if rejected at allotment level since it is a rights issue.
Another is ,sell /transfer your rights entitlement to any known person in an off market mode .
Hi Guys,
i bought 955qty IBUL-RE shares February 8th and I’m not existing share holder, it is not showing in my account what should i do … idk someone help for this…