Sir, do we have to buy equal RE shares which we want to apply in RIGHT ISSUE, for instance if I wanna apply for 3,000 lloyd engineering works shares in the issue then I have to buy 3,000 RE shares??
@Neekheeljain Yes, you need to buy 3,000 REs once they are listed in the secondary market. Each RE lets you apply for one share in the issue. You can read this in detail here:
Then this right issue application will not be profitable, why do I will buy 16₹ RE and 32₹ stock (total 48₹) for a stock which is trading at 49₹ in present.
But is it not possible that we can get 100-150 RE and then apply for 3k Shares and get allotment of all??
