if we want to apply for more than allocated REs (lets say i am eligible for 1000 RE shares and want to buy 2500 RE shares) ? do we need to buy excess 1500
RE shares from open market (REs) like zerodha/grow and then apply through either ASBA or RTAs portal for 2500 shares?
Hi @Jyothirmai_Gorsa , yes, if you want to apply for 2,500 shares, you’ll need to buy the remaining 1,500 REs from the secondary market. This will ensure you’re eligible for full allotment.
However, if you hold only 1,000 REs and apply for 2,500 shares, allotment will be guaranteed only for the 1,000 shares corresponding to your REs. The remaining 1,500 shares will be considered under the additional (or oversubscription) category and will be allotted only if there is excess subscription available after fulfilling all RE based entitlements.