How do I apply for rights issue through online mode in kite application.
Want to apply for South Indian Bank for the eligibility
Application in rights issue can be only through ASBA be it online asba or physical asba . broker has no role .
1 Like
Hi right issue from RE I’m going to get 10re.
How to apply
Go to hdfc bank and choose asba filling details apply and amount required will be blocked.
Am I suppose to keep re as it is till end or should I sell them before closure.
Does Zerodha have any option like buy back in tender where we apply for buy back under the heading of corporate action?
Or
Is there any offering under the heading of IPO in zerodha application where we can apply for right issue and it asks for amount blockage straight in bank after putting UPI pin .???
After zerodha for this query many times but they are either unable to understand or trying to fool around.very unclear answer.
Hi Shiv, currently rights issue applications can only be made via Netbanking ASBA or by submitting an offline application to the branch of SCSB (Self-Certified Syndicate Bank).
Once you apply for a rights issue, best not to sell the REs. During the allotment, the RTA will check how many REs you hold in the demat account and allot shares accordingly.
If you don’t hold the REs then the allotment of shares won’t be guaranteed.
1 Like
@ShubhS9 Thanks for clarification.Yes looks reasonable to keep RE untill shares are allotted.
But Zerodha should have this facility like applying for ipo where a single UPI pin gets the amount blocked untill allotment.
This process looks little leanthy.
1 Like
Hi, I have 2 demat accounts. Have 100 units of SOUTHBANK in each Demat account. I got 25 RE in each demat account. Can I apply 2 application 1 for each demat account for Right Issue through HDFC netbanking? Or should I apply only 1 RE application? I dont see the number of right entitlement in HDFC netbanking.
Please help to clarify. Thanks.