If you have the received the Right Entitlement (RE) or if you buy Right Entitlement shares then you can find them in Portfolio>All Holdings tab, they would appear as “stockname – RE”
Key Steps to Apply for Rights Issue:
Method 1: Online Application (ASBA – Recommended)
- Log in to your net banking portal.
- Navigate to the “IPO” or “Rights Issue” section.(This may vary as per bank)
- Select the specific Rights Issue from the list.
- Enter your Demat ID (DP ID + Client ID), PAN, and the number of shares you want to apply for.
- The funds will be blocked in your account, not debited, until allotment.
Note: Some banks don’t support ASBA for right applications. In that case, please use the offline application.
Method 2: Offline Application
- Download the Composite Application Form (CAF) from the BSE/NSE websites or the Registrar and Transfer Agent (RTA) website.
- Fill in the details (PAN, Demat account number, number of shares) and sign it.
- Submit the form to a Self-Certified Syndicate Bank (SCSB) branch.
Important:
- You must apply before the issue closing date, or your REs will expire, and the money invested in buying them (if any) will be lost.
- You can either apply for the shares, sell your REs on the market, or let them lapse
- Ensure you have your Rights Entitlements (REs) in your demat account, as these are required to apply for the shares
Disclaimer: Ensure your bank account and demat account share the same PAN, or the application might be rejected.