The shares that have ben bought through rights will be allotted by 21st August. My question is whether the share price will undergo correction after 21st Aug or is that already factored in when the share price was adjusted on Ex-date(22nd July).
Sir I bought 100 shares of M&M finance on 20th July Monday and sold on 22nd July after ex-right. Still broker is nor transfering RE shares to my Demat and saying as on record date shares were not in my demat i am not eligible! Where should I complain about this ? My broker is Axis Direct.
How to apply for the Mahindra Financial rights issue?
Once you either receive the REs from the company or purchase it from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post . You can verify your entitlement on the website of the Registrar & Transfer Agent . The website will not be completely live until the issue opens.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through your bank.
Thank you guys. M&M Fin Serv REs were credited in my Kite holding today morning as was predicted by you.
I have seen what have already mentioned to a few queries before on the discrepancy error in Console. However, I would just nag you once more. Two further issues I am bringing to your attention -
The value of REs are not being added to my total holding value. As a result, the total value of holding is getting wrong.
Though you are telling that Zerodha would take care of the discrepancy issue and that an investor need not do anything, I am finding that the Reliance RE issue discrepancy message is still there in my Console under Porfolio tab. So, I now have two discrepancy message - one for Reliance RE and M&M FinServ RE. Does that mean that Zerodha would take care of discrepancy and the discrepancy message would continue to be there in Console?
You have already applied for rights shares, then don’t sell these, else you won’t get allotment. During allotment RTA will check for RE’s in your Demat and then allot shares accordingly, if you don’t have RE’s in your Demat, you won’t get rights shares.
You can apply for IPO for listing gains but don’t think that can be done with rights issue.
I always thought since only 30 shares eligible for me I will be getting only 30 shares.
Out of curiosity I bought…if I get 100 it’s a great bonus for me right ?
Any idea when it will be reflected in my portfolio ?