Everything You Need to Know About the PTC Industries Rights Issue

PTC Industries Ltd. (PTCIL) will issue Right Entitlements (RE’s) to anyone who holds its shares as of July 22, 2022 (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 PTC Industries or you can sell them in the market. You can check the announcement from the company here.

You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before July 20, 2022. The ex-date is July 21, 2022.

Issue Details
Ex-Date July 21, 2022
Record Date July 22, 2022
Ratio 3:2
Issue Price ₹ 10
Issue Period August 03, 2022 to August 12, 2022
RE Trading Period August 03, 2022 to August 08, 2022
Tentative Date of Allotment August 24, 2022
Tentative Date of Listing August 30, 2022

How to apply for PTC Industries 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 nearest branch of SCSB (Self Certified 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.

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 4918 6200

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.


Hi am holding the rights of PTCIL but am not aware from where in the zerodha portal i can apply

The application for rights issue can only be made through Net Banking ASbA service provided by your bank. If your bank isn’t providing the option then you will have to make offline application by submitting a Application Form to the nearest branch of SCSB (Self Certified Syndicate Bank) . You can check the process in this post .

You must either apply during 3 to 12 August OR sell your rights entitlement at BSE during 3 to 8 August . if you do not act , you will lose big money .
if you want to apply for share make sure your bank support ASBA be it online or physical . most banks do but there are few banks which do not have asba.

I have got PTCIL RE shares in 2 demat accounts (Zerodha and ICICIdirect). And I am not able to apply via icici ASBA net banking as it says i dont have holdings. Can anyone help here ?

please check if RE are there in your brokers trading account . you can also register yourself at cdsleasi or nsdlideas as the case may be with your DP and find out if you have RE in your demat . if RE are there and still bank fail to do online asba application , go for physical asba .
if you can not do ,sell RE by 8 August .

1] I have 1 share of PTCIL-RE from 3rd August. Then i buyed 2 shares today(05/08/2022). Can i apply for all 3 shares of PTCIL-RE?

2] For applying through internet banking its not showing cut off price. How to know what amount will be blocked in my account?

Yes, you can apply for all the shares you hold.

The issue price is Rs. 10, since you’re applying for 3 shares, Rs. 30 will be blcoked.

If i buy 1 more share on 8th August, can I apply for that additional share as it will not be credited on same day due to T+2?

You can apply for the additional share as well. You just have to make sure you’re holding sufficient REs in your account by allotment date.

The allotment will be guaranteed for the number of REs you hold. For any additional shares, the allotment will be done on lottery basis, if you don’t get the allotment, the amount will be refunded.

I am trying to apply for right issue but Icici netbanking banking shows ‘no ipo is available at this time’ despite of choosing right issue option. What should I do?

Looks like ICICI Bank hasn’t made this rights issue available on their portal. If you have an bank account with another bank, you can apply using it. The bank account you use for applying for rights shares need not be the same as that linked to your trading account. Just make sure it is in your name.

If not then, only option is to make offline application by visiting the branch of SCSB.

Please create a ticket at support.zerodha.com. Team will have this checked and assist.