When a rights issue opens, eligible shareholders can apply through the ASBA (Application Supported by Blocked Amount) process. Your application amount is blocked in your bank account and only debited if your application is accepted.
How to apply
- Check your entitlement – Your rights entitlement (RE) will appear in your DEMAT account once the issue opens.
- Log in to your bank’s net banking or UPI app – Apply through your bank’s ASBA facility directly.
- Enter your details – DP ID, client ID, number of shares you wish to apply for, and the amount.
- Submit – The application amount gets blocked in your bank account until allotment.
If your bank doesn’t support ASBA for rights issues, you can apply through the R-WAP (Registrar’s Web Based Application Platform) provided by the company’s registrar.
Note : Applications must be submitted before the rights issue closing date. Missing the deadline means your entitlement lapses.
Easy & quick
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