Update: Vidli Restaurants will be making the first and final call for the remaining payment on partly-paid shares. The company has fixed April 15, 2022, as the record date to determine the shareholders of partly-paid shares to whom the final call notice would be sent. You can check the announcement from the company here.
As a result, the partly-paid shares of Vidli Restaurants will be suspended from trading on exchanges with effect from April 12, 2022, and you will not be able to see these holdings on Kite.
| Event Schedule | |
|---|---|
| Payment | ₹ 5 per share |
| Call Payment Period | April 25, 2022 to May 9, 2022 |
| Allotment & Listing | Within 2 to 3 weeks from the last date of payment |
How do I make the call payment
You can make call payment through the following modes:
- Netbanking ASBA: Through the website of the SCSBs.
- Physical ASBA: By submitting the application form offline to the Designated Branch of SCSBs.
You can check the list of SCSB (Self Certified Syndicate Banks) here.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current Vidli Restaurants partly-paid shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
Vidli Restaurants (VIDLI) will issue Rights Entitlements (REs) to anyone who holds its shares as of January 21, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before January 19, 2022. The ex-date is January 20, 2022.
These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of Vidli Restaurants or you can sell them in the market. You can check the announcement from the company here.
Issue Details
| Ex-date | January 20, 2022 |
| Record Date | January 21, 2022 |
| Ratio | 3:2 |
| Issue Price | ₹ 10 per share |
| Issue Period | February 2, 2022 to February 16, 2022 |
| RE Trading Period | February 2, 2022 to February 10, 2022 |
| Tentative date of credit | March 4, 2022 |
| Tentative date of listing | March 8, 2022 |
This is a partly-paid issue, meaning at the time of application you only have to make part payment.
| Amount payable per equity share | Face Value | Issue Price |
|---|---|---|
| On Application | 5 | 5 |
| One or more additional calls as may be decided by the company | 5 | 5 |
| Total | 10 | 10 |
If you continue holding partly-paid shares of Vidli Restaurants when the company makes a call for the balance payment, you will be liable to pay the balance sum. Alternatively, if you sell the partly-paid shares, the buyer will be liable to pay the sum.
How to apply for the Vidli Restaurants Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you will need to 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 your bank.
Note: If you have bought the REs from the secondary market. You will not be able to apply for rights shares from the RTA’s portal. You will have to make an application either through Netbanking ASBA service provided by your bank, you can check out the process here. In case your bank isn’t offering the option for application, you will have to make a plain paper application. You can download the application form here. The process for submitting the form has been explained on the form itself.
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.