Everything You Need to Know About the Asian Granito Rights Issue

Asian Granito will issue Right Entitlements (RE’s) to anyone who holds its shares as of September 9, 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 Asian Granito or you can sell them in the market. You can check the announcement from the company here.

Issue Details:

Ex-Date September 8, 2021
Record Date September 9, 2021
Ratio 19:29
Issue Price ₹ 100
Issue Period September 23, 2021 to October 7, 2021
RE Trading Period September 23, 2021 to October 1, 2021
Tentative Date of Allotment October 20, 2021
Tentative Date of Listing October 26, 2021

How to apply for the Asian Granito Rights Issue?

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.

How I apply right issue of asain tile I have receive a msg by Asian tile company

The process has been explained above. Issue opens for subscription on 23rd September.

Hi Shubh ,

Asian granito RE trading end on 1st Oct.What if I buy 500 units of Asian granito RE on 1st Oct ,will i get eligible for applying 500 shares in right issue @100 Rs ?

Regards,
Trunal Shah

Yes, the application window for rights shares will be open until October 7th.

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I have received 23 Asian-RE shares. I was holding 36 of its shares on the record date. I’m willing to buy additional rights share over and above my RE. I read somewhere that “allotment of such additional rights share will be based on the issue of subscription and will not be guaranteed”. Is this true?

Right. You will receive guaranteed allotment for number of RE’s you hold. For additional shares you apply, if you don’t receive the allotment, amount paid will be refunded.

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