Swiss Military Consumer Goods Ltd. (SWISSMLTRY) will issue Right Entitlements (RE’s) to anyone who holds its shares as of November 9, 2021 (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 Swiss Military Consumer Goods Ltd. or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||November 8, 2021|
|Record Date||November 9, 2021|
|Issue Price||₹ 2 per share|
|Issue Period||November 24, 2021 to December 8, 2021|
|RE Trading Period||November 24, 2021 to December 3, 2021|
|Tentative Date of Allotment||December 20, 2021|
|Tentative Date of Listing||December 24, 2021|
Once you either receive the RE’s from the company or purchase it from the market, you can apply for the rights shares using Netbanking ASBA, you can check the process in this post.
You can also apply for rights shares through the website of the Registrar and Transfer Agent. The website might not be fully live until the issue opens for the subscription.
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 Netbanking ASBA.
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.
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 FAQs on Rights Issue and Rights Entitlements here.