Any further action required on Zerodha side post the application? From where the funds will be deducted? Is it like online payment during the application or funds will be blocked like IPO and deducted later?
No action needed.
From your Bank Account.
Funds are blocked like IPO and deducted later.
Hi, i bought 10000 shares on 21 july morning in margin delivery @220 and sold on 22th july morning @142.
I not recieved any mail of REs of mahindra finance its a huge loss if i not get REs
And how will i get
For shares sold on 22nd July, RE’s will be received by broker and then transferred to clients. You should receive your RE’s on day of listing which is tomorrow.
Hey what is online process of apply right issue M&M
Because I haven’t net banking, and also not possible to send physicaly send the letter so how is it I m apply the right issue.
And also 1 query
I first 5 share brought the 16/7/2020 and repeat the oder m&m share
I bought the 22nd m&m fin 5 share the delivery to 5 share 24th/7/2020 in my account so i how many share can apply? 5 share or 10 share
You can apply via registrar’s website.
You will get 5 RE’s for shares bought on July 16th. You won’t get any RE’s for shares bought on July 22nd as that was ex-date.
Thnq u sir very much…
I m new thats why worried very much
Are you sure na sir
It will automatically transfer or i have to tell them
when i tried to enter the details in the registrar website it is showing invalid dp ip/ client id
i purchased the share on 21/07/2020 but didnt recv re in my dmat acc yet and my broker transferf the share in my dp acc on 23 late night or 24 i guess m i eligible please help
Yes you are eligible, maybe you should contact your broker.
Sir please tell me exactly what to do to apply for RE ?
Now I got listing of M&MFIN-RE in demat account?..,what should I do with it now if I want to apply for rights?? should we have to send the filled Application forms even when we apply in online through ASBA??
You have two options to apply for rights shares.
- Through your Bank’s Net Banking ASBA portal.
- Via, Registrar’s website.
The process is explained above, read main post.
No, you don’t have to send any forms. The process to apply via Net Banking ASBA is same as IPO, the process is explained here.
i did same bought on21st and sold on 22nd …but u yet to receive in my zerodha account
my mahindra finance shares are pledged with zerodha, how do I apply for the right issue now?
I missed the boat…purchased M&MF on 23rd july and not eligible for Rights of share …I have 1200+ share at rs 150. Can I hold. add or exit? Plz suggest
Sir also anything needed that we have to do with RE Listing ??
Do we have to keep RE Listing in the Demat acc as it is apart from applying through ASBA? Anything to do with it to apply for Rights Sir??
Yes, RE’s should be in your Demat account when you apply for rights shares.
You will receive RE’s to the extent of shares you have pledged, which you can use to apply for rights shares or sell at premium in market if you don’t wish to apply.
i bought m&m finance shares per 151/- , if i buy today m&m RE shares in open market, my total m&m shares will be average ((151 + today’s m&m RE stock price) / 2 ) ? could u respond with your trading experience. thank u
RE’s aren’t rights shares of M&M Financial, You will have to use RE’s that you purchase to apply for M&M Fin’s rights shares. When you apply for rights shares you will have to pay Rs. 50 per share.
Your average price will be 151 + 50 / 2.