Megasoft will issue Right Entitlements (RE’s) to anyone who holds its shares as of July 13, 2021 (record date). These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of Megasoft or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||July 12, 2021|
|Record Date||July 13, 2021|
|Issue Price||₹ 10|
|Issue Period||July 22, 2021 to August 5, 2021|
|RE Trading Period||July 22, 2021 to July 30, 2021|
|Tentative Date of Allotment||August 13, 2021|
|Tentative Date of Listing||August 20, 2021|
Once you either receive the RE’s from the company or purchase it from the market, you can apply for the rights shares using Netbanking ASBA. You can check the process in this post.
You can also apply for rights shares through the website of the Registrar and Transfer agent. The website might not be fully live until the issue opens for the subscription.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.