Update: RPP Infraprojects will be making the first and final call for partly-paid shares. The company has fixed January 3, 2022, as the record date for the purpose of ascertaining the shareholders of partly paid-up shares to whom the first and final call notice would be sent. You can check the announcement from the company here.
As a result, the partly-paid shares of RPP Infraprojects will be suspended from trading on exchanges with effect from December 31, 2021, and you will not be able to see these holdings on Kite.
|Payment||₹ 12 per share|
|Call Payment Period||January 10, 2022 to January 24, 2022|
|Allotment & Listing||Within 2 to 3 weeks after the final date of payment|
How do I make the call payment for RPP Infraprojects partly-paid shares?
You can make call payment through the following modes:
- Through the website of the Registrar and Transfer agent . The website might not be fully live until the payment window opens.
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
- Cheque / Demand Draft.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current RPP Infraprojects partly-paid shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
RPP Infraprojects will issue Right Entitlements (RE’s) to anyone who holds its shares as of September 20, 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 RPP Infraprojects or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||September 17, 2021|
|Record Date||September 20, 2021|
|Issue Price||₹ 30|
|Issue Period||September 27, 2021 to October 18, 2021|
|RE Trading Period||September 27, 2021 to October 13, 2021|
|Tentative Date of Allotment||October 26, 2021|
|Tentative Date of Listing||November 1, 2021|
|Payment Schedule||Face Value||Premium||Total|
|First and Final Call||4||8||12|
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.