Everything You Need to Know About the Kesoram Industries Rights Issue

Update: Kesoram Industries has fixed December 2, 2021, as the record date for the purpose of ascertaining the holders of partly paid-up equity 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 Kesoram Industries will be suspended from trading on exchanges with effect from December 1, 2021, and you will not be able to see these holdings on Kite.

Event Schedule
Payment ₹ 25 per share
Call Payment Period December 21, 2021 to January 4, 2022
Allotment & Listing Within 2 to 3 weeks from the last date of payment

What are the modes for payment?

You can make call payment through the following modes:

  • Through the website of the Registrar and Transfer agent .
  • 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 Kesoram Industries 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.

Kesoram Industries Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as of September 17, 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 Kesoram Industries or you can sell them in the market. You can check the announcement from the company here.

Issue Details:

Ex-Date September 16, 2021
Record Date September 17, 2021
Ratio 133:274
Issue Price ₹ 50
Issue Period September 27, 2021 to October 11, 2021
RE Trading Period September 27, 2021 to October 6, 2021
Tentative Date of Allotment October 19, 2021
Tentative Date of Listing October 28, 2021
Payment Schedule Face Value Premium Total
On Application 5 20 25
First and Final Call 5 20 25
Total 10 40 50

How to apply for the Kesoram Industries 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.

1 Like

Just wanted to know @ShubhS9 , Where do get these datas ? The source ?

Everything is available on the exchange website.

I am buy kil-re 119 stock but not show in my portfolio pls help

The REs are temporarily traded securities and won’t reflect in your holidays on Kite after the RE trading window closes. The window for KIL-RE closed on October 6.

That said, the REs will remain in your demat account and can see them on Console until the issue period is open, October 11. You need to use the REs to apply for rights shares of Kesoram Industries, if not, you will lose the entire premium paid, if any, to purchase them.

You can check out the application process above.

I am losed 165 kil shares