In my opinion you must apply for rights issue otherwise you will loose heavily. You can sell those shares after listing as new scrip somewhere in Jun - Jul. Price will be according to combination of rights issue price and CMP of RIL normal scrip. If RIL @ 1500, it should trade at rs 314 + (1500-1257) = 557
Hi Sir,
I had taken only RIL RE…at the price of 221…and currently RELI share is around 1464…so how much should I be paying extra?
Please DM me with your contact number…I need help badly
The RE you’ve purchased will allow you to buy 1 reliance share at Rs. 1257. You have to pay 25% of Rs. 1257 right now i.e. Rs. 314.25 and will be allotted a partly-paid share of 25% face value of the ordinary share. RIL will ask you to pay rest of the amount i.e. 75% of Rs. 1257 over the next year. If you sell the partly-paid shares before RIL asks for the remaining amount, the end buyer whoever holds the shares will pay this to get the fully paid shares.
The amount you have to pay doesn’t depend on the RIL share price anymore. It is fixed as described above.
You need to apply using the demat account details where the REs are. The RTA will check your SBI demat account and reject your application since there are no REs. Your application money will be refunded to you. You need to apply using your Zerodha demat details by June 3rd or your REs will lapse unutilized.
You can proceed by selecting shareholder (The RTA is checking even if you had one share in your holdings (not pledged) and putting you in that category). You may see a discrepancy in the number of shares the RTA’s portal shows you’re eligible for. You can ignore the discrepancy and input 9 shares to make your application.
The RTA is asking investors to select the shareholder option and proceed with the application in such cases. Your REs will just be checked before the allotment is made.
Since you’ve purchased the REs directly, you can apply for 5 rights shares. You don’t need to buy 10 shares of RIL.
If you don’t apply, you will lose the premium you’ve paid to buy the RIL REs since they will be removed from your demat account.
Hi @mohitmehra, I had got 1 RIL RE share for 20 RIL shares I held. Then I bought 14 additional RIL RE shares. Further, in the RWAP I applied for 150 RE’s paying 314.50 per RE.
Now I dont see any RIL RE in my demat. Have I done a mistake? Pls guide. Pls DM me.
I have purchased 15 shares as rights entitlement allotment in Zerodha. What should I do to get one share as right issue? Should I apply through Zerodha or direct? What is the last date? Will RE 15 no be reflected in my portfolio ? If so when? I am new to Zerodha and thus this query.
You can apply for the 15 rights shares through the RTA’s portal or by using netbanking ASBA if your bank allows it. The RTA will check if you have 15 REs in your account and process your application. The last date to apply is June 3rd.
I am holding only 8 Reliance Shares and Purchased 210 RiL-Re-be shares. Somehow I had sold them on 29th but purchased 210 rights issues shares by mistake. Now they are not visible on Zerodha. How can I get my money back invested in RIL-Re Off Market.
HI SIR
I am sunny and i have zerodha demat account. my question is 28 may i buy 10 share of RIL-RE @221. but i buy this share by mistake because i dont know about this. on saturday i checked my portfolio and in my portfolio the share RIL -Re is not listing or not holding in my portfolio. then i go for right issue website or selecting r wap for apply right issue and then Holding as on Record Date is showing 2 and No. of shares Entitled 0 showing. my question is how much share i applied in No. of shares Entitled
I am existing shareholder and got RIL-Re shares against my shares. From market I purchase addional RIL-RE shares. now while applying from R-wap what options should I select.
I have confusion regading selecting option — 'I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE issue till closing date (ie June3 2020).
my demat account does not show addional shares purchase by me so how to aplply those shares
Bought #200 REs @Rs.185 on Zerodha. After selecting the renouncee option on KFIN, the page shows 0 holdings and 0 shares entitled. Please suggest quickest steps to rectify it since I’ve paid significant amount as premium and stand a chance to lose it due to an error on the part of RTA. Really worried
While applying for RE issue it shows that please entered your correct DPID of client Id.
I entered which I used to deal with Zerodha account.
Kindly guide how to resolve the same.
Hi Mohit, it certainly helped. I managed to buy the remaining quantity too.
Big thanks!
What will happen to my purchased holding of RE shares if I am not applied for online right issue.
due to some technical error not able to applied for the same.
Hello Mohit,
If there is a mistake in the application like entering a wrong DPIP CLIENTID, how can it be corrected? I had applied via ICICI Bank ASBA account.
Can I make a fresh new application, through RWAP?
Dear Mohit,
I had 135 shares on record date.i got 9 RE in my holding. I bought 11 more at 200 price and the total 20 RE as on 29th may. But now they have disappeared form the holding.How can i apply for the 20 shares. i tried to do using RTA website, and i am shareholder option, it is showing entitled 9 shares. should i enter 20 in “number of shares applied” and proceed to make payment ? please advise
The RTA just shows you the REs as per your original eligibility. You can go ahead and apply for 20. The 11 REs will be settled to your account in T+2 days. In the meantime, you’ll be able to check them on Console.