Have a look at the following step-by-step guide:
For
Shareholders:
- Check Right
Entitlement (RE) Shares:
- If you hold shares in your Demat
Account as of the Record Date, you will see your Right Entitlement (RE)
shares credited to your account.
- Decide to Subscribe:
- If you want to subscribe to the
Rights Issue Shares, you can apply until the last date specified for the
rights issue.
- Application Process:
- Use the Application Supported by
Blocked Amount (ASBA) process through net banking or apply online via the
Registrar and Transfer Agent (RTA).
- Make Payment:
- During the application process,
you need to make the necessary payment. This can be done via the ASBA
process or online through the RTA.
- Find RTA Details:
- To find the RTA details of a
company, visit the BSE website (bseindia.com) or the NSE website
(nseindia.com). Search for the company's name to get the relevant
information.
For
Non-Shareholders:
- Purchase RE
Shares:
- If you don’t currently hold
shares, you can participate in the Rights Issue by purchasing Right
Entitlement (RE) shares from the Open Market.
- Apply for Rights Issue Shares:
- After buying RE shares, apply
for the Rights Issue Shares through the ASBA process or online via the
RTA. Ensure you do this before the specified last date for the rights
issue.
- Make Payment:
- Like shareholders, you need to
provide the necessary payment during the application process. This can be
done through the ASBA process or online via the RTA.
- Participate as a Non-Shareholder:
- By purchasing RE shares from the
Open Market and then applying for additional shares, non-shareholders can
participate in a company's Rights Issue.
This streamlined process ensures both shareholders and
non-shareholders can effectively participate in a company's Rights Issue by
following the steps for application and payment.