Hello,
I have 100 RE shares showing in my demat account.
My question is - On Bank ASBA application, can I apply for 150REs ?
Maybe, company allots me additional 50REs. is it possible ?
Please reply
Thanks,
Saurabh
You may apply for more REs than your eligible entitlement.
You are guaranteed to receive 100 rights shares, but the additional 50 REs may or may not be allotted based on the demand.
The amount you pay when applying for REs via ASBA will be held in an escrow account managed by the registrar and will be refunded if the allotment for those 50 REs is not granted.
Read more: Rights Issues and Rights Entitlements (RE) - FAQs. // Everything you need to know about Rights Entitlements – Z-Connect by Zerodha
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