Everything You Need to Know About the Sandur Manganese & Iron Ore Rights Issue

When you say it has to be in my name, meaning name should match exactly with Demat account? Or attached PAN card should be same?

Sir I’ve submitted the Application form to my Icici bank,how do we get to know that the Application is successfully submitted? Will the amount get blocked ?

PAN card should be the same.

The funds will be blocked in your account. Also, you should have received a communication from the RTA as well.

Sandur Manganes rights issue :all those who already hold share and can further hold for even a month should sell SHARE and buy RE wherein 100 rs plus arbitrage is there . not advisable for traders .
RE PURCHASED must be applied for shares by 29 August .

Hi Shubh, I didn’t know my REs already extinguished and looks like I have only 2 working days to complete the Application process. from other posts in this thread and your replies, it seems like the best way is to download the application form and the entitlement form with my DP id and PAN details, Fill it in and directly go to an ASBA servicing bank branch where I have an account, right? It’s quite difficult to see if there is an online application process both in Zerodha and in my bank website (ICICI/Axis). Please Let me know if there is something i am missing for doing this online. Or is it better to just go to the branch with these applications.
Sorry, new to these Rights issues. :slight_smile:

Anyone got their RE credited, my application shows uploaded to exchange. When do they get credited?

The allotment date is September 7th. The rights shares will be credited once the allotment is done, you’ll receive an email from CDSL when these shares are credited to your demat account.

@ShubhS9
I purchased Sandur Manganese & Iron Ore Ltd. on March 2022 at Rs. 3800
The stock price has been adjusted according to the corporate action adjustments & the OHLC data is updated on kite charts but however, but the buy average price of the same remained unaffected. The current LTP is almost trading at 900 & I had bought at 3800 due to which it is showing me a huge loss. How does it work?
Why is the price adjustment not done for my holding?

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The rights issue has come up (we have to buy the rights) and I guess once allotment is done your price gets adjusted. Did anyone get an allotment of rights shares in Demat?

Bank debit message received on 9 September 2022 at 11.45 am . share credit will take in 1 or 2 working days . only shareholders category were given some additional allotment if applied for wherein zero additional in case of renouncee . listing date which as per letter of offer was on or about 13 September has been revised to on or about 16 September .
RIGHTS ALLOTTED shares are approved for trading from 15 September 2022.

Hi @ShubhS9
What about that I haven’t seen my portfolios since last 6 month because i am doing only f&o trading and today i seen that SANDUMA was trading around 4500 and now 856.

What i can do if i missed right issue?
Do i get those new share or i loss that money?
Could you please answer me?
Thanks

As a shareholder, you would have received Rights Entitlement’s from the company. REs are temporarily tradable and have to be used for subscribing for rights issue or can be sold in market if you don’t want to subscribe.

Nothing can be done once trading window for REs, and rights issue application period is closed.

I got them in my Demat , thanks for information