Everything You Need to Know About the NCL Research & Financial Services Rights Issue

NCL Research & Financial Services (NCLRESE) will issue Right Entitlements (RE’s) to anyone who holds its shares as of May 9, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before May 5, 2022. The ex-date is May 6, 2022.

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 NCL Research & Financial Services or you can sell them in the market. You can check the announcement from the company here.

Issue Details
Ex-Date May 6, 2022
Record Date May 9, 2022
Ratio 21:25
Issue Price ₹ 1
Issue Period May 16, 2022 to May 27, 2022
RE Trading Period May 16, 2022 to May 23, 2022
Tentative Date of Allotment June 7, 2022
Tentative Date of Listing June 10, 2022

How to apply for NCL Research & Financial Services Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using Netbanking ASBA or offline by submitting a Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post .

You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the rights issue.

You can check the list of SCSBs here.

Note: The option to apply for rights shares through the RTAs portal is not available for this rights issue.

If you face any difficulties applying for the rights issue, you can get in touch with the RTA at [email protected] or at +91 22 2301 2518 / 8261.

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?

Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?

In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQ’s on Rights Issue and Rights Entitlements here.

1 Like

I want to apply right issue for NCL Research & Financial Services Ltd.

The application process has been explained above.

I have 25000 shares of NCLRESE-RE-R. I have applied through ICICI bank by submitting the application directly.

My question is why i have been charged Rs 25000 for those 25000 shares which i am holding? Because, i paid already for those 25000 and i am holding in the account. Kindly help me to understand.

The amount you pay for purchasing Rights Entitlement (REs) goes to the shareholder who sells the REs not to the company, so this isn’t considered towards application amount.

Thank you Shubh. I have two clarification if you could help with

  1. I paid 0.25 X 25000 to purchase those shares (NCLRESE-RE-R) from Zerodha. What will happen to that amount?
  2. What name this will be listed. Is that NCLRESE or NCLRESE-RE-R

This amount goes to the shareholder who sold the REs in the market.

The shares will list under the current trading symbol itself, NCLRESE.