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Reliance Industries Rights Issue May 2020 Review

Published on Monday, May 11, 2020 by Dilip Davda

Reliance Industries Rights Issue May 2020 Review
  • RIL is coming with the public equity offer after three decades
  • It's the first mega and fastest rights issue of Indian Markets
  • Total issue size is Rs 53124 cr. and promoters will contribute around Rs 25962 cr. (48.87%)
  • This mega issue is going to change the matrix of primary markets.
  • Online application is recommended amidst ongoing Lockdown situation.

ABOUT COMPANY:

Reliance Industries Ltd. (RIL) has been the darling of investors across the board for over four decades now. It has rewarded investors handsomely against their original holdings since IPO time. The company that was primarily a polyester yarn manufacturing company diversified over the years and is currently the refinery conglomerate of India with respected market cap. The company is currently engaged in polyester yarn, petrochemicals, telecom, retail outlets etc. It has also invested in media, broking and financial segments with strategic partners.

While secondary market is witnessing highly volatile trades with bearish undercurrent and many corporate that have SEBI nod for their IPOs are seating on fence to wait for opportune time, known for his business acumen, Mukesh Ambani is encasing the mad rush of investment for its Jio venture that has lifted its valuations with marquee investors like Face Book (Rs 43574 cr.), Silver Lake (Rs 5656 cr.) and Vista (Rs 11367 cr.) planning to invest in Reliance group. Also Fuel retailing JV with BP (Rs 7000 cr.) and stake buy plans of Saudi Aramco is mirroring its positive impact on this counter for a while. These reports have overshadowed the impact of crude oil crisis for RIL for a while. This is the first Indian company that has crossed Rs 100000 cr. mark for consolidated EBITDA.

As pre Letter of Offer for this rights issue, as on 31.03.20 shareholding pattern indicated promoters 48.87%, Public 48.74% and 2.39% non-promoter/non-public portion.

That's the reason this counter marked historic high in turbulence time of global slowdown and COVID-19 pandemic scare and attracted one and all.

Issue Details/Capital History:

To part finance its plans to repay/prepay of all the portion of certain borrowings (Rs 39755.08 cr.), General corporate purpose (Rs 13281.05 cr.), RIL's mega right issue worth Rs 53124 cr. and is spending around Rs 89 cr. for this issue process. The company is issuing 422626894 equity shares of Rs 10 each on the basis of rights issue in the ratio of 1 share for every 15 shares held as on record date of 14.05.20. The scrip has already gone ex-right on bourses since 13.05.20. This issue opens for subscription on 20.05.20 and will close on 03.06.20. This issue is lead managed by JM Financial Ltd., Kotak Mahindra Capital Co. Ltd., Axis Capital Ltd., BNP Paribas, DSP Merrill Lynch Ltd., Citigroup Global Markets India Pvt. Ltd., Goldman Sachs (India) Securities Pvt. Ltd. HDFC Bank Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd. ICICI Securities Ltd., IDFC Securities Ltd., JP Morgan India Pvt. Ltd., Morgan Stanley India Co. Pvt. Ltd., SBI Capital Markets Ltd., while KFin Technologies Pvt. Ltd. (formerly known as Karvy Fintech Pvt. Ltd.) is the registrar to the issue. Perhaps due to ongoing COVID-19 pandemic, RIL has appointed a team of 14 merchant bankers for marketing this ultra mega rights issue.

Payment Schedule for RIL Right Issue

Amount Payable per Rights Equity Share

Face Value(Rs )

Premium (Rs )

Total (Rs )

On Application2.50311.75314.25
One or more subsequent Call(s) as determined by our Board at its sole discretion, from time to time7.50935.25942.75
Total (Rs )10.001,247.001,257.00
  1. Rs 314.25 (Rs 2.50 FV and Rs 311.75 premium per share) i.e. 25%  with application in May/June 2020
  2. Rs 314.25 (Rs 2.50 FV and Rs 311.75 premium per share) i.e. 25%  1st call in May 2021
  3. Rs 628.50 (Rs 5.00 FV and Rs 623.50 premium per share) i.e. balance 50% as final call in November 2021.

As on 31.03.20, RILs total debt were Rs 161035 cr. (on a consolidated basis) and the company is going to utilize some proportion of rights issue proceeds and other inflows by way of strategic stake cell in Jio arm to become debt free company by end CY 2020. 

Timetable - RIL Right Issue

Issue Opening Date

Wednesday, May 20, 2020

Issue Closing Date

Wednesday, June 3, 2020

Last Date for On Market Renunciation

Friday, May 29, 2020

Finalisation of basis of Allotment

Wednesday, June 10, 2020

Date of Allotment

Wednesday, June 10, 2020

Date of credit of Rights Equity Shares to demat account

Thursday, June 11, 2020

Date of listing

Friday, June 12, 2020

Post closure of this rights issue, RIL will have addition of Rs 423 cr. to its paid up equity and Rs 52702 cr. to its reserve fund under security premium account. Its current paid up equity capital of Rs 6339 cr. will stand enhanced to Rs 6762 cr.

FINANCIAL PERFORMANCE:

For the last two fiscals, on a consolidated basis RIL has posted a turnover/net profit of Rs 625212 cr. /Rs 39837 cr. (FY19) and Rs 659205 cr. / Rs 39880 cr. (FY20). Net profit is calculated on the basis of exceptional items inclusion. It has maintained dividend payout at 65% for both these financial years.

Based on its ex-right quote of Rs 1496.40 (BSE) and Rs 1496.45 (at NSE) at the close of trading hours on 13.05.20 it is priced at a discount of 16% and this percentage will keep changing on either side on the basis of its quote till the closure of the issue. Considering its current paid up equity and the performance for FY 2019-20, this issue is priced at a P/E of 19.80 and at a P/BV of 2.1 based on its NAV of Rs 592.71 as on 31.03.20. If we attribute FY20 earnings on fully diluted equity post rights issue then asking price is at a P/E of 21. Thus this P/E discounts all near term positives and issue appears fully priced.

Since IPO RIL has posted CAGR of 24% p.a. for Revenue, 25% p.a. for EBITDA, 25% p.a. for net income, 31% p.a. for market cap.

What should shareholders do?

As currently we have lockdown following COVID-19 pandemic and postal/courier services are not in operations, this mega issue is going to be marketed with online process. Investors will have to follow the instructions given in the Letter of Offer and the process guidelines indicated on the web site of registrar and transfer agents KFin.

Shareholders applying for this rights issue will have to pay Rs 314.25 (25%) along with application and the balance Rs 942.75 as determined by the company from time to time in one or more calls. As this is the rights offer, it will have official trading on the bourses for renunciation forms at a premium that will keep changing on the basis of its market quote at the time of buying/selling. Original shareholder applying for right shares will be eligible for applying additional shares while renounce buyer will not have such option. They can apply for only the renounced part of shares.


Conclusion

Shareholders must apply for this offer with a medium to long term perspective.


Rights Entitlements Ratio

The Rights Equity Shares are being offered on a rights basis to the Eligible Equity Shareholders in the ratio of 1 (one) Rights Equity Share for every 15 Equity Shares held by the Eligible Equity Shareholders as on the Record Date.

Fractional Entitlements

As per SEBI Rights Issue Circulars, the fractional entitlements are to be ignored. Accordingly, if the shareholding of any of the Eligible Equity Shareholders is less than 15 Equity Shares or is not in the multiple of 15 Equity Shares, the fractional entitlements of such Eligible Equity Shareholders shall be ignored by rounding down of their Rights Entitlements. However, the Eligible Equity Shareholders whose fractional entitlements are being ignored, will be given preferential consideration for the Allotment of one additional Rights Equity Share if they apply for additional Rights Equity Shares over and above their Rights Entitlements, if any, subject to availability of Rights Equity Shares in this Issue post allocation towards Rights Entitlements applied for.

For example, if an Eligible Equity Shareholder holds 16 Equity Shares, such Equity Shareholder will be entitled to 1 (one) Rights Equity Share and will also be given a preferential consideration for the Allotment of one additional Rights Equity Share if such Eligible Equity Shareholder has applied for additional Rights Equity Shares, over and above his/her Rights Entitlements, subject to availability of Rights Equity Shares in this Issue post allocation towards Rights Entitlements applied for. Further, the Eligible Equity Shareholders holding less than 15 Equity Shares shall have 'zero' entitlement for the Rights Equity Shares. Such Eligible Equity Shareholders are entitled to apply for additional Rights Equity Shares and will be given preference in the Allotment of one Rights Equity Share, if such Eligible Equity Shareholders apply for additional Rights Equity Shares, subject to availability of Rights Equity Shares in this Issue post allocation towards Rights Entitlements applied for. However, they cannot renounce the same in favour of third parties.

Options available to the Eligible Equity Shareholders

The Rights Entitlement Letter will clearly indicate the number of Rights Equity Shares that the Eligible Equity Shareholder is entitled to.

If the Eligible Equity Shareholder applies in this Issue, then such Eligible Equity Shareholder can:

(i) apply for its Rights Equity Shares to the full extent of its Rights Entitlements; or

(ii) apply for its Rights Equity Shares to the extent of part of its Rights Entitlements (without renouncing the other part); or

(iii) apply for Rights Equity Shares to the extent of part of its Rights Entitlements and renounce the other part of its Rights Entitlements; or

(iv) apply for its Rights Equity Shares to the full extent of its Rights Entitlements and apply for additional Rights Equity Shares; or

(v) renounce its Rights Entitlements in full.

(with certain inputs from letter of offer of RIL).


DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets is subject to unpredictable market-related risks. Above information is based on RHP and other documents available as of date coupled with market perception. The author is applying for rights entitlement as per applicable norms for long term holding of RIL shares in the family. (In fact, we have received mail for entitlement of 1 share in the folio).

(SEBI registered Research Analyst-Mumbai).

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106 Comments

106. Gaurang Haridatt Dhonde   I Like It. | Report Abuse |   Link | Jun 2, 2021 4:52:47 PM Reply
What if i fail / miss to pay 2nd 25% premium of reliance right issue shares ? i have already paid 25% in May 20
105. Gaurang Haridatt Dhonde   I Like It. | Report Abuse |   Link | Jun 2, 2021 4:46:03 PM Reply
What if i missed to pay 2nd 25% amount of right issue share in May 21
104. Gaurang Dhonde   I Like It. | Report Abuse |   Link | Jun 2, 2021 4:43:21 PM Reply
what if i missed to pay 2nd 25% in may 21
103. seema   I Like It. | Report Abuse |   Link | May 13, 2021 8:17:58 PM Reply
how to pay online 2nd installment
103.1. Kapil Gro   I Like It. | Report Abuse |   Link | May 23, 2021 5:49:36 PM
Online ASBA
Same as like IPO Application
102. PHOULA BAZAZ   I Like It. | Report Abuse |   Link | Jun 15, 2020 2:03:53 PM Reply
I have 2 demat a/cs with icici bank.one in single name 2nd joint a/c with my son . Both have RIL shares.As per ratio 1 to 15 both a/cs were showing allocation .In one a /c no alloment shown AND 2ND a/c is showing due allotment.REFUND IN BOTH THE TWO A/CS IS MISSING .ADVISE RIGHT PLACE TO APPROCH.
101. MP   I Like It. | Report Abuse |   Link | Jun 15, 2020 11:04:49 AM Reply
I had bought RIL-RE Shares from Market but forgot to apply for rights issue. Now what will happen to those RIL-RE Shares???
100. mukesh   I Like It. 1 | Report Abuse |   Link | Jun 10, 2020 7:52:26 PM Reply
Guys:

Lets do following - in reporting the allotments etc in Rights
Original entitlement -
Shares applied including additional -
Any market buy of Ril-RE
final allotment

this would help in understanding how much excess allocation is made to each holders.


for me - I had entitlement of 15 Shares, bought Ril-Re 500, applied for 1000 shares,
allotment made - ????
100.16. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 12, 2020 9:06:05 AM
money deducted in HDFCbank, got 10% excess in the entitlement, none extra on the renounced shares.
100.17. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 14, 2020 5:56:35 PM
https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?Noticeid=%7B636F6C35-0F8B-42A6-BF00-6D5E7769D8CD%7D¬iceno=20200612-1&dt=06/12/2020&icount=1&totcount=1&flag=0
99. mukesh   I Like It. 1 | Report Abuse |   Link | Jun 10, 2020 9:34:17 AM Reply
Hi good people:

couple of questions:

today 10 June, allotment day.
1. Have your RIL-RE shares been debited from your demat account. for me not yet.
2. have your ASBA been cleared for the entitled rights share prices, not yet for me in my HDFCbank.
3. What is the expectation for the listing price of Ril-PP shares?
99.9. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 12, 2020 9:08:42 AM
look RIL is openinf week approx 1475-1500 or so, that would mean RIL-PP opening 560-600 range.
99.10. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 14, 2020 5:55:02 PM
with RIL closing last Friday around 1575 level - so the likely level for RIL-PP to list shall be approx 1575-943+approx 60 = approx 675 to 700!
98. Vijay Rajan   I Like It. | Report Abuse |   Link | Jun 12, 2020 3:30:16 PM Reply
Hi,

I had purchased 20 rights entitlement shares. These are showing in my demat account, can I sell them? What is to be done with these rights shares.

Regards,
Vijay
98.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 14, 2020 2:03:15 PM
They are already debited and are not showing from today
97. Harish   I Like It. | Report Abuse |   Link | Jun 12, 2020 7:20:21 PM Reply
Hi,

I had bought RIL-RE Shares from Market but forgot to apply for rights issue. Now what will happen to those RIL-RE Shares???
97.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 14, 2020 2:02:30 PM
RIL rights credited on 11th June and RE debited from Dmat on 11th.
96. Krish   I Like It. 1 | Report Abuse |   Link | Jun 12, 2020 11:09:34 AM Reply
Any update on when the partly paid rights are being listed on the exchanges? It was supposed to be today, but I see no news.
96.1. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 12, 2020 12:07:10 PM
Listing Mon 15 Jun
95. Navneet   I Like It. | Report Abuse |   Link | Jun 12, 2020 11:23:22 AM Reply
RIL-RE NOT listed today ?
95.1. Mukesh Jain   I Like It. | Report Abuse |   Link | Jun 12, 2020 12:06:56 PM
Listing on Monday 15 Jun
94. Ramesh varu   I Like It. 1 | Report Abuse |   Link | Jun 11, 2020 1:06:16 PM Reply
Amount deducted in SBI and ICICI bank. In both one one additional share for fractional part is allotted
94.1. Balachandran   I Like It. | Report Abuse |   Link | Jun 11, 2020 10:54:44 PM
yes that is same with me
93. raj   I Like It. | Report Abuse |   Link | Jun 11, 2020 7:48:50 PM Reply
call this number" 1800 425 8998" to check your allotment status. I just did
92. kris   I Like It. 1 | Report Abuse |   Link | Jun 11, 2020 1:31:33 PM Reply
RIL has given the RE allotment list to BSE. This has been shown in BSE website. But not published in any where elase.
91. Ritesh   I Like It. | Report Abuse |   Link | Jun 11, 2020 11:41:03 AM Reply
Spoke with Reliance helpline number and they informed me that all the details will be available on https://rights.kfintech.com/ after 12:00 PM today.
91.1. SR   I Like It. | Report Abuse |   Link | Jun 11, 2020 12:11:11 PM
any update now
90. RAHUL AGGARWAL   I Like It. | Report Abuse |   Link | Jun 11, 2020 9:36:35 AM Reply
money got debited from my icici a/c applied for 160 rights got full.
89. Patel Mitul   I Like It. | Report Abuse |   Link | Jun 10, 2020 9:18:05 PM Reply
Is allotment out?
89.1. saurabh   I Like It. | Report Abuse |   Link | Jun 10, 2020 9:30:07 PM
what is the link to check allotment.
88. Amit K   I Like It. | Report Abuse |   Link | Jun 10, 2020 7:01:01 PM Reply
Not sue why this anamoly.

I have recieved credit of reliance rights share 2 days back. The payment for these shares was done via rwap

However yet not recieved credit of rights issue shares which i had applied via asba (hdfcbank)
87. Patel Mitul   I Like It. | Report Abuse |   Link | Jun 10, 2020 1:56:06 PM Reply
Hello sir,
If I got share in right issue than can I sell ti immediately all share before giving 100% payment?
87.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 10, 2020 2:28:49 PM
It will be listed part paid by 12th or so. It can be sold before giving balance payment
86. RIL RIGHTS   I Like It. | Report Abuse |   Link | Jun 10, 2020 10:00:37 AM Reply
WHEN RIL'S RIGHTS SHARES ALLOTMENT WOULD BE OUT. CAN THESE BE TRADED TOMORROW.
86.2. k d daddy   I Like It. | Report Abuse |   Link | Jun 10, 2020 10:59:15 AM
how to check allotment ?????? any website ?????
86.3. Swaminathan   I Like It. | Report Abuse |   Link | Jun 10, 2020 11:06:24 AM
You will be notified via registered email.
85. Geeta   I Like It. | Report Abuse |   Link | Jun 4, 2020 1:46:55 PM Reply
Hi, I purchased Reliance rights but unfortunately cant pay the amount of 1st installment before the closing day. I want to pay the 1st installment today how can i pay it? Please let me know.
85.4. amit K singh   I Like It. | Report Abuse |   Link | Jun 7, 2020 8:03:23 PM
Perfect Ou Ai, you are correct on this. Any info on valid subscription details and possible allotment ratio?
85.5. Ou Ai   I Like It. | Report Abuse |   Link | Jun 10, 2020 2:53:50 AM
You may check the response to another similar query below. Hope that answers.
84. ChotaKhatri   I Like It. | Report Abuse |   Link | Jun 9, 2020 8:58:16 PM Reply
A lot of small investors who had entitlement of 10-15 rights have applied for close to 100-150 shares... roughly 10 times of their entitlement. Still the issue is subscribed ~1.6x. Does this means that one who had applied for 150 shares will get close to 90 shares?
84.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 10, 2020 2:48:17 AM
Absolutely no. Oversubscription numbers in a right issue is a misnomer. Say for example, if all right holders apply for thier rights and also pay 60% extra hoping to get more shares, no one will get even one share extra as all are allotted rights with no more shares left. In other words, in a right issue only those shares not subscribed by the right holders are available to be allotted to others having applied over and above thier rights. Those numbers of unsubscribed shares are not available. They will be less than 15 to 20% of rights. Regardless of oversubscription, each shareholder may get at best 1 to 20 shares extra depending on thier original shareholding.
83. Chem cho   I Like It. 1 | Report Abuse |   Link | May 18, 2020 8:32:19 AM Reply
RELIANCE RIGHT ISSUE

Ii has come a after nearly 30 years

right s would trade in the range of Rs 200 to Rs 250 as per market sources and calculations

those who get the right of 6 shares is likely to get one additional share if applied

Ratio calculated by Market experts 1 : 6 (but this will be changed as some people may not be apply as shares are not in Demat )

try your luck to get it between Rs 175 to Rs 225
83.2. Quality Comment   I Like It. | Report Abuse |   Link | May 20, 2020 5:57:33 PM
@chem cho. I have 100 Share of Reliance and Applied 6 share. Amount blocked 1885.50 which is 314.24 x 6.
Now query is that how will need to pay rest of payment ? i.e.
payment 25 % MAY 2021 RS 314.25
PAYMENT 50% NOV 2021 RS 628.50

What if we don't pay pending payment? How will they collect it?

Will 6 Share lock in until full payment not done?
83.3. ChotaKhatri   I Like It. | Report Abuse |   Link | Jun 9, 2020 8:59:21 PM
Dear Chem cho,
A lot of small investors who had entitlement of 10-15 rights have applied for close to 100-150 shares... roughly 10 times of their entitlement. Still the issue is subscribed ~1.6x. Does this means that one who had applied for 150 shares will get close to 90 shares?
82. Sunil Mittal   I Like It. | Report Abuse |   Link | Jun 8, 2020 5:33:26 PM Reply
I was having 744 shares of RIL in my DP making me entitled for 49 rights. I have applied for 72 shares, 50th share I may get it due to fraction not considered. By now the experts will be knowing the position , how much can i get the shares. The other question is whether to keep these shares are beneficial or i should sale these.
82.1. Ashish   I Like It. | Report Abuse |   Link | Jun 9, 2020 5:04:36 PM
You will get the 50th share for sure and also may get around 5-10 additional shares. The exact status will be known tomorrow. These are beneficial in the long run.
81. Vishal   I Like It. | Report Abuse |   Link | Jun 5, 2020 10:54:58 PM Reply
Hi, I purchased Reliance rights of 100 @ 225/- per but unfortunately cant pay the amount of 1st installment before the closing day. I want to pay the 1st installment today how can i pay it? Please let me know. What is going to be my investment money of 22500?
81.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 6, 2020 1:35:20 PM
Sadly the money is lost. RIL RE was to be applied online by 3rd June 2020 to get allotment of shares. Issue is closed now.
80. amit K singh   I Like It. | Report Abuse |   Link | Jun 3, 2020 2:12:52 PM Reply
Right issue is closing today. Hope everyone eligible have applied.
80.3. lipu   I Like It. | Report Abuse |   Link | Jun 3, 2020 6:26:44 PM
@Krish, I think you didn't get me. What will happen to initial rights shares which I didn't renounce? xclude R-WAP.
80.4. Krish   I Like It. | Report Abuse |   Link | Jun 3, 2020 6:35:59 PM
@Lipu, the rights will lapse and your invested money will be lost.
79. jai   I Like It. | Report Abuse |   Link | Jun 3, 2020 1:14:37 PM Reply
Hi,
i PURCHASE RIL-RE 35nos. shares on 29may. Till today (2june), shares are not credited in my DP. What should i do ??
Should i apply 35 shares in right issue
78. Silu   I Like It. | Report Abuse |   Link | May 29, 2020 5:18:06 PM Reply
Hi All,
Actually, i am not aware of RIL-RE equity and purchased 257 shares @215.50 on today .If anyone wants the shares please let me know as i don't have much amount to invest further.
and also please suggest what to do with it further, please help me.
78.1. New Investor   I Like It. | Report Abuse |   Link | May 29, 2020 5:20:42 PM
APPLY FOR 257 RIGHTS SHARES @314.25 AND THEN TRY TO SELL IT IN SECONDARY MARKET AFTER ALLOTMENT AND LISTING. ELSE YOUR MONEY IS GONE.
78.2. Ritesh   I Like It. | Report Abuse |   Link | May 30, 2020 4:04:00 PM
If you want I can buy RE from you, but at lesser price. I can buy @180
77. Rahul Jain   I Like It. | Report Abuse |   Link | Jun 2, 2020 1:25:19 PM Reply
Hi,
I bought 45 RIL RE Shares & I don't want to proceed further for the payment process. Is anyone suggest me how to get the amount back w.r.t the share?

Thanks
77.1. Anupam Anand   I Like It. | Report Abuse |   Link | Jun 3, 2020 9:53:43 AM
If u did hold RIL shares on 14 May the Sell these RIL-RE today that is 3rd June... Or ur amount is gone
76. Hemantkumar   I Like It. | Report Abuse |   Link | Jun 3, 2020 1:01:52 AM Reply
I have applied to RIL RE Through ASBA online banking process but by mistake I have applied to DP id account with no previous RIL shares and process is complete and said amount is blocked. How I can get canceled this bid and unblock the amount?
76.1. Ou Ai   I Like It. | Report Abuse |   Link | Jun 3, 2020 3:41:22 AM
It is not necessary to retain or have RIL shares after having RIL-RE. Do you have RIL-RE or purchased from market? If no RIL-RE at all you will get full refund by 10th June.
75. N B PATHAK   I Like It. | Report Abuse |   Link | Jun 2, 2020 5:27:40 PM Reply
MY BANK ACCOUNT LINKED TO RELIANCE IS IN RED ZONE DUE TO CORONA. THERE IS NO INTERNET TRANSACTION FACILITY. WHAT SHALL I DO FOR PAYMNEY FOR RIGHT ISSUE SHARES.
74. RR   I Like It. | Report Abuse |   Link | May 29, 2020 3:16:15 PM Reply
Did anyone understand the CAF number?
74.1. Muhamed E A   I Like It. | Report Abuse |   Link | Jun 1, 2020 2:14:16 PM
What is CAF Number
73. Vivek   I Like It. | Report Abuse |   Link | Jun 1, 2020 8:15:08 AM Reply
How to apply for Reliance rights issue as an NRI?
There's no ASBA option in my bank account because it's NRO account, and RTA(Karvy) facility is for Indian residents.
72. A g pujari   I Like It. | Report Abuse |   Link | May 30, 2020 7:32:21 PM Reply
I am applying RIL Rights through SBI ASBA. It shows category as "shareholder/renouncee". When I further proceed to apply it does not show as to how much shares I am entitled, how many I intend to accept & how many additional shares I would like to apply. Straight way we have to mention the No. of shares we intend to apply & proceed further. How it works please ?
71. Ravi Khandelwal   I Like It. | Report Abuse |   Link | May 30, 2020 6:31:56 PM Reply
I am a resident of Delhi, but stuck up at Bangalore for last three months.i have savings account at United Bank of India at Delhi, today I deposited my reliance rights form at axis bank at dommsandra banglore.i have dmat account in integrated enterprises. But after few hours I got a call from axis bank that they can not block the sum from United Bank of India , so deposit it any United Bank of India branch banglore, is he corrrct?
70. Rohit Mehra   I Like It. | Report Abuse |   Link | May 30, 2020 1:47:36 PM Reply
I am a shareholder - where can I get composite application number, it is asking me during ASBA application & can i apply with same application number more shares then I am entitled too ?
69. RIL RIGHTS   I Like It. | Report Abuse |   Link | May 30, 2020 1:46:19 PM Reply
I HAVE 100 RIL-RE SO ALLOTMENT OF 100 RIGHTS IS ASSURED. I HAVE APPLIED FOR 1000 RIGHTS SHARES. HOW MANY SHARES ARE LIKELY TO BE ALLOTTED TO ME.
68. VANDANA SINGH   I Like It. | Report Abuse |   Link | May 29, 2020 10:17:38 PM Reply
I hold 60 shares of RIL in Sharekhan A/c and has been credited 4 RIL-RE. Today after market hrs. i applied 30 RIL Right issue shares through HDFC bank. Have i made mistake/? If not allotted,could i be refunded.
68.1. Ou Ai   I Like It. | Report Abuse |   Link | May 30, 2020 1:38:32 PM
You will receive refund no non allotment portion
67. swaminathan   I Like It. | Report Abuse |   Link | May 29, 2020 7:11:19 PM Reply
Hi Guys,

I have 240 shares of RIL-RE in my zerodha demat account, I will pay 314*240 to exercise the rights on June 1st or 2nd.

If they allot me 240 shares , is it possible to sell it once they listed on June 12th or i have to wait for one year? Kindly clarify
67.1. Ou Ai   I Like It. | Report Abuse |   Link | May 30, 2020 1:35:35 PM
Yes, it will be listed as part paid. Can be sold
66. vivek   I Like It. | Report Abuse |   Link | May 30, 2020 12:25:26 PM Reply
मैं नेट बैंकिंग के द्वारा शेयर अप्लाई करने की कोशिश कर रहा हूं तू वह मुझसे CAF नंबर मांग रहा है यह मुझे कहां से मिलेगा
65. Mahesha   I Like It. | Report Abuse |   Link | May 29, 2020 5:55:19 PM Reply
I am using Angel Brooking for trading and verifies for intraday only. While investing in intraday only a it's possible to check the past graph not much more about an equity and also if it is a "RIGHT" then how it's displayed over equity trading share list?
As i have just gone through the policy made by the Reliance , it looks like a open genuine robbery by Ambanis' , Means, in all of the modes people only need and fully Bound to invest always and time wise in the volatile market with a blind future believe.Very sorry to say , but it's very distinguishing!! How Govt. is allowing this?
64. Mithilesh Rathi   I Like It. | Report Abuse |   Link | May 29, 2020 4:41:51 PM Reply
I am current share holder and got 6 RE, all of which has been sold.

Can I still apply for additional share .
I propose to apply thru YES Bank ASBA.
Investor Category mentioned are
1 - SHA-SHA-Shareolder
2 - SHA1-SHA1- Shareholder1
3 - SHA2-SHA-2-Shareholder 2 and similar upto 5
Can any one suggest in which category we will fall for applying thru ASBA.
64.1. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 5:31:55 PM
Option to apply additional share is after accepting rights entitlement and applying. Since you don't have any rights anymore having sold your entitlement, addition does not allow arise. You may not even be able to submit your application.

If future calls are not paid, you will be provided opportunity 2 or 3 times to pay with interest. Ok not paying this too with in stipulated time, shares are forfeited and extinguished with no refund
63. Mithilesh Rathi   I Like It. | Report Abuse |   Link | May 29, 2020 4:36:25 PM Reply
Hypothetical Question.

Allotted some share in RE, but suppose at later date on call, if not able to pay, then what happens to allotted share ? Forefieted or what
63.1. New Investor   I Like It. | Report Abuse |   Link | May 29, 2020 5:22:19 PM
FORFEITED
62. Nisha   I Like It. | Report Abuse |   Link | May 29, 2020 1:54:12 PM Reply
How can I sell RIL re rights if I don't want to buy shares
62.1. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 3:02:29 PM
RE is listed in the market can be traded till 29th May. You can sell today. After that you can transfer off market if any one is willing buy unofficially.
After 3rd June it will get extinguished if not applied for
62.2. Mithilesh Rathi   I Like It. | Report Abuse |   Link | May 29, 2020 4:59:20 PM
Sell in secondary market, It is being Traded as regular share.
But you are late now, Today was last date
61. Kumar   I Like It. | Report Abuse |   Link | May 29, 2020 10:44:43 AM Reply
I did not have any RIL shares but bought 15 RIL-RE which have been credited to my DMat account in ICICIDIrect on 28th. In IPO section however, it does not automatically show 15 REs to make me able to apply for part payment at the rate of 314.25. I want to know whether I am able to apply after buying RE even if I did not have any shares as on 14th May.
61.2. Kumjar   I Like It. | Report Abuse |   Link | May 29, 2020 12:06:33 PM
Dear Ou Ai, thanks for reply. In 'check eligibility', it did not show any shares as I did not have any share of Reliance originally and was therefore not awarded any RE. I subsequently had bought it from open market.
61.3. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 1:09:08 PM
As far as you have RE in your linked Dmat account of ICICI Direct it ahs to show. It is nothing to do with having RIL shares. It wont show from any other Dmat account.

If it is in other account , you may have to apply through Kfinetech website.
60. Abhishek Yadav   I Like It. | Report Abuse |   Link | May 29, 2020 11:06:47 AM Reply
I have RIL RE 100 shares but no reliance shares , so do I need to do payment of Rs.314 on kfintech website or through ASBA?
60.2. Abhishek Yadav   I Like It. | Report Abuse |   Link | May 29, 2020 11:38:02 AM
But payment to be done where, on kfintech website free T+2 days?
60.3. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 11:42:49 AM
either from the online trading platform if they are offering you under IPO/FPO subscription or Karvy Finetech. Depending on time of your purchase of RE, it will be credited 3rd day. Can apply only on receipt of RE in your dmat
59. Shweta sardana   I Like It. | Report Abuse |   Link | May 29, 2020 12:49:48 AM Reply
I was entitled to 36 rel rights and I bought another 50 from the market @ 216 today....how much more do I have to pay to get the pp rel share and when do I have to make the payment.
59.2. Shweta sardana   I Like It. | Report Abuse |   Link | May 29, 2020 10:41:00 AM
For the 36 that I was entitled to....I have to pay 314 ,,, but for the additional 50 rights that I have picked up from market at 216 /- ...do I pay 98 more to get the pp reliance share ...or another 314 /-
59.3. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 11:33:34 AM
For 98 you pay 314.25. You purchased 98 rights at premium of 216 from market.
58. Ritesh   I Like It. | Report Abuse |   Link | May 29, 2020 8:51:36 AM Reply
I am entitled for 6 Right Shares and I applied for the same on May 24. Later I bought 400 RIL-RE from market on May 26, Can I apply again for 400 Right shares and will be allotted 406 shares?

While trying on wwww.rights.kfintect.com I got a message "You have already applied from this DPID/ CLIENT ID/ Folio number. This request shall be tagged to the original application made by you. Do you wish to proceed ?", So just to confirm whether I will get allotment for 406 Shares if I apply for for additional 400 Rights?
58.1. Ou Ai   I Like It. | Report Abuse |   Link | May 29, 2020 10:01:46 AM
Proceed with additional application. You will be allotted as per your rights
57. Catherine   I Like It. | Report Abuse |   Link | May 27, 2020 8:20:31 PM Reply
The fully entitlement shares will be credited on 11/06/2020? Since the payment is paid by call schedule, will that shares allocate by 25% 25% and 50%? understand that, the shares will be subscript to dummy shares instead of mother share directly, so what the price will taken before the listing date 12/06/2020?
57.1. Ou Ai   I Like It. 1 | Report Abuse |   Link | May 29, 2020 7:31:58 AM
shares allotted on June 12 will be mother share part paid (PP). It is paid Rs.314.25. It will quote around 314.25 + (Current Price - 1247) approximately. Same will happen after next payments , that is paid amount + differential amount till it gets fully paid.