How do I apply for the rights issue of Piramal Enterprises?

Stocks
8

I don’t think HDFC offers this facility.

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9

There is an option of paying through UPI, but the payment is getting declined, is AS A the only option? Please help.

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10

Then how to proceed, with HDFC bank account holders

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11

If you are coming here for M&MFIN rights issue, you can access this site of registrar. It will verify your holding and rights, and also allow you to pay using netbanking and UPI.

https://rights.kfintech.com/mahindra/

Among bank’s IPO pages, I didn’t find HDFC showing option for this rights issue. But SBI did show this rights issue.

13

Please can you (or someone) tell the step by step process for applying M&MFIN RE using above link? I am new to trading please explain step by step.

Thanks in advance.

14

How to apply for the Mahindra Financial rights issue?

Once you either receive the REs from the company or purchase it 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 verify your entitlement on the website of the Registrar & Transfer Agent . The website will not be completely live until the issue opens.

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.

Explained here

15

thanku u ji, One more doubt, I had purchased REs and when i choose the option “I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE till issue closing date (i.e. August 11, 2020)” to apply its showing “Not a renouncee” Please select Share holder (i had One share on rec date and got 1 entitlement also). Please help in this what shall i have to do now? how to apply?

16

Thanku ji, One more doubt, I had purchased REs and when i choose the option “I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE till issue closing date (i.e. August 11, 2020)” to apply its showing “Not a renouncee” Please select Share holder (i had One share on rec date and got 1 entitlement also). Please help in this what shall i have to do now? how to apply?

17

If you held share in record date and received RE, you can select “I am Shareholder” option.

18

i have one received RE and i have also purchased some, now how to apply ? shall i have to apply twice i means once for entitled RE and one more time for purchased REs?

19

When you proceed further, there will be “No. Of Shares Applied For” box, enter number of shares you want to apply for and you are done. You don’t have to make seperate applications.

20

brother, u mean now i have choose share holder option but what abut those i have purchased then? those which i have purchased also covered in this only if i enter how many numbers i want to purchase like that? please dont mind since i am new to trading asking these many questions

21

Yes, when you enter how many shares you want to apply for, the RE’s you have purchased will be covered in this.

22

thanks bro, i can also apply for higher no. of shares than my entitlement also no? i mean if i hold ex. 50 REs and can i apply for say 100 also right? if its not alloted, they will refund remaining amount right?

23

Yes, you can apply for more shares than RE’s you have, if you don’t receive allotment, your remaining amount will be refunded to your bank account.

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24

Thanku so much bro :grinning:

25

one last qn bro, as u said, now i am not a renouncee (i mean am share holder) then can i apply though SBI bank (ASBA option) coz in terms and cndtns of sbi, they have mentioned u should not be a renouncee like that. and will sbi levy any charges for this?

26

Hi, I have minda RE in my demat account from Zerodha. Can anyone guide me how to apply for rights issue. Should I go to Asba bank for applying it or can do through Zerodha platform itself. I have Hdfc bank account

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27

You cannot apply via Zerodha, you will have to apply via RTA’s website or Net Banking ASBA. You can read the following post for more All You Need To Know About Minda Industries Rights Issue

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28

Even if I’m not a shareholder, i have just purchased rights, can i apply for right issue through RTA? If not then whats the alternate process. Can i apply through SBI net banking? Awaiting your reply.