Reliance Industries Rights Issue May 2020 Review

Published on Monday, May 11, 2020 by Dilip Davda

Best Online Trading Account

We can help you find the right broker and save upto 90% in brokerage fees.

NamePhone
EmailCity
State
Are you a day trader?
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 ₹53124 cr. and promoters will contribute around ₹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 (₹43574 cr.), Silver Lake (₹5656 cr.) and Vista (₹11367 cr.) planning to invest in Reliance group. Also Fuel retailing JV with BP (₹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 ₹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 (₹39755.08 cr.), General corporate purpose (₹13281.05 cr.), RIL's mega right issue worth ₹53124 cr. and is spending around ₹89 cr. for this issue process. The company is issuing 422626894 equity shares of ₹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(₹)

Premium (₹)

Total (₹)

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 (₹)10.001,247.001,257.00
  1. ₹314.25 (₹2.50 FV and ₹311.75 premium per share) i.e. 25%  with application in May/June 2020
  2. ₹314.25 (₹2.50 FV and ₹311.75 premium per share) i.e. 25%  1st call in May 2021
  3. ₹628.50 (₹5.00 FV and ₹623.50 premium per share) i.e. balance 50% as final call in November 2021.

As on 31.03.20, RILs total debt were ₹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 ₹423 cr. to its paid up equity and ₹52702 cr. to its reserve fund under security premium account. Its current paid up equity capital of ₹6339 cr. will stand enhanced to ₹6762 cr.

FINANCIAL PERFORMANCE:

For the last two fiscals, on a consolidated basis RIL has posted a turnover/net profit of ₹625212 cr. /₹39837 cr. (FY19) and ₹659205 cr. / ₹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 ₹1496.40 (BSE) and ₹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 ₹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 ₹314.25 (25%) along with application and the balance ₹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).

Rate this article
23
3.4
Rating:Rated 3.4 stars

Vote Here ...

102 Comments

PHOULA  BAZAZ
102. PHOULA BAZAZ  Jun 15, 2020 14:03 I Like It. | I Don't Like It. | Report Abuse 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.
MP
101. MP  Jun 15, 2020 11:04 I Like It. | I Don't Like It. | Report Abuse 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???
mukesh
100. mukesh  Jun 10, 2020 19:52 I Like It. 1 | I Don't Like It. | Report Abuse 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 - ????
Mukesh Jain
100.16. Mukesh Jain  Jun 12, 2020 09:06 I Like It. | I Don't Like It. | Report Abuse
money deducted in HDFCbank, got 10% excess in the entitlement, none extra on the renounced shares.
mukesh
99. mukesh  Jun 10, 2020 09:34 I Like It. 1 | I Don't Like It. | Report Abuse 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?
Mukesh Jain
99.9. Mukesh Jain  Jun 12, 2020 09:08 I Like It. | I Don't Like It. | Report Abuse
look RIL is openinf week approx 1475-1500 or so, that would mean RIL-PP opening 560-600 range.
Mukesh Jain
99.10. Mukesh Jain  Jun 14, 2020 17:55 I Like It. | I Don't Like It. | Report Abuse
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!
Vijay Rajan
98. Vijay Rajan  Jun 12, 2020 15:30 I Like It. | I Don't Like It. | Report Abuse 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
Ou Ai
98.1. Ou Ai  Jun 14, 2020 14:03 I Like It. | I Don't Like It. | Report Abuse
They are already debited and are not showing from today
Harish
97. Harish  Jun 12, 2020 19:20 I Like It. | I Don't Like It. | Report Abuse 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???
Ou Ai
97.1. Ou Ai  Jun 14, 2020 14:02 I Like It. | I Don't Like It. | Report Abuse
RIL rights credited on 11th June and RE debited from Dmat on 11th.
Krish
96. Krish  Jun 12, 2020 11:09 I Like It. 1 | I Don't Like It. | Report Abuse 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.
Mukesh Jain
96.1. Mukesh Jain  Jun 12, 2020 12:07 I Like It. | I Don't Like It. | Report Abuse
Listing Mon 15 Jun
Navneet
95. Navneet  Jun 12, 2020 11:23 I Like It. | I Don't Like It. | Report Abuse Reply
RIL-RE NOT listed today ?
Mukesh Jain
95.1. Mukesh Jain  Jun 12, 2020 12:06 I Like It. | I Don't Like It. | Report Abuse
Listing on Monday 15 Jun
Ramesh varu
94. Ramesh varu  Jun 11, 2020 13:06 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Amount deducted in SBI and ICICI bank. In both one one additional share for fractional part is allotted
Balachandran
94.1. Balachandran  Jun 11, 2020 22:54 I Like It. | I Don't Like It. | Report Abuse
yes that is same with me
raj
93. raj  Jun 11, 2020 19:48 I Like It. | I Don't Like It. | Report Abuse Reply
call this number" 1800 425 8998" to check your allotment status. I just did
kris
92. kris  Jun 11, 2020 13:31 I Like It. 1 | I Don't Like It. | Report Abuse Reply
RIL has given the RE allotment list to BSE. This has been shown in BSE website. But not published in any where elase.
Ritesh
91. Ritesh  Jun 11, 2020 11:41 I Like It. | I Don't Like It. | Report Abuse 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.
SR
91.1. SR  Jun 11, 2020 12:11 I Like It. | I Don't Like It. | Report Abuse
any update now
RAHUL AGGARWAL
90. RAHUL AGGARWAL  Jun 11, 2020 09:36 I Like It. | I Don't Like It. | Report Abuse Reply
money got debited from my icici a/c applied for 160 rights got full.
Patel Mitul
89. Patel Mitul  Jun 10, 2020 21:18 I Like It. | I Don't Like It. | Report Abuse Reply
Is allotment out?
saurabh
89.1. saurabh  Jun 10, 2020 21:30 I Like It. | I Don't Like It. | Report Abuse
what is the link to check allotment.
Amit K
88. Amit K  Jun 10, 2020 19:01 I Like It. | I Don't Like It. | Report Abuse 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)
Patel Mitul
87. Patel Mitul  Jun 10, 2020 13:56 I Like It. | I Don't Like It. | Report Abuse Reply
Hello sir,
If I got share in right issue than can I sell ti immediately all share before giving 100% payment?
Ou Ai
87.1. Ou Ai  Jun 10, 2020 14:28 I Like It. | I Don't Like It. | Report Abuse
It will be listed part paid by 12th or so. It can be sold before giving balance payment
RIL RIGHTS
86. RIL RIGHTS  Jun 10, 2020 10:00 I Like It. | I Don't Like It. | Report Abuse Reply
WHEN RIL'S RIGHTS SHARES ALLOTMENT WOULD BE OUT. CAN THESE BE TRADED TOMORROW.
k d daddy
86.2. k d daddy  Jun 10, 2020 10:59 I Like It. | I Don't Like It. | Report Abuse
how to check allotment ?????? any website ?????
Swaminathan
86.3. Swaminathan  Jun 10, 2020 11:06 I Like It. | I Don't Like It. | Report Abuse
You will be notified via registered email.
Geeta
85. Geeta  Jun 4, 2020 13:46 I Like It. | I Don't Like It. | Report Abuse 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.
amit K singh
85.4. amit K singh  Jun 7, 2020 20:03 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Perfect Ou Ai, you are correct on this. Any info on valid subscription details and possible allotment ratio?
Ou Ai
85.5. Ou Ai  Jun 10, 2020 02:53 I Like It. | I Don't Like It. | Report Abuse
You may check the response to another similar query below. Hope that answers.
ChotaKhatri
84. ChotaKhatri  Jun 9, 2020 20:58 I Like It. | I Don't Like It. | Report Abuse 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?
Ou Ai
84.1. Ou Ai  Jun 10, 2020 02:48 I Like It. | I Don't Like It. | Report Abuse
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.
Chem cho
83. Chem cho  May 18, 2020 08:32 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
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
Quality Comment
83.2. Quality Comment  May 20, 2020 17:57 I Like It. | I Don't Like It. | Report Abuse
@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?
ChotaKhatri
83.3. ChotaKhatri  Jun 9, 2020 20:59 I Like It. | I Don't Like It. | Report Abuse
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?
Sunil Mittal
82. Sunil Mittal  Jun 8, 2020 17:33 I Like It. | I Don't Like It. | Report Abuse 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.
Ashish
82.1. Ashish  Jun 9, 2020 17:04 I Like It. | I Don't Like It. | Report Abuse
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.
Vishal
81. Vishal  Jun 5, 2020 22:54 I Like It. | I Don't Like It. | Report Abuse 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?
Ou Ai
81.1. Ou Ai  Jun 6, 2020 13:35 I Like It. | I Don't Like It. | Report Abuse
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.
amit K singh
80. amit K singh  Jun 3, 2020 14:12 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Right issue is closing today. Hope everyone eligible have applied.
lipu
80.3. lipu  Jun 3, 2020 18:26 I Like It. | I Don't Like It. | Report Abuse
@Krish, I think you didn't get me. What will happen to initial rights shares which I didn't renounce? xclude R-WAP.
Krish
80.4. Krish  Jun 3, 2020 18:35 I Like It. | I Don't Like It. | Report Abuse
@Lipu, the rights will lapse and your invested money will be lost.
jai
79. jai  Jun 3, 2020 13:14 I Like It. | I Don't Like It. | Report Abuse 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
Silu
78. Silu  May 29, 2020 17:18 I Like It. | I Don't Like It. | Report Abuse 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.
New Investor
78.1. New Investor  May 29, 2020 17:20 I Like It. | I Don't Like It. | Report Abuse
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.
Ritesh
78.2. Ritesh  May 30, 2020 16:04 I Like It. | I Don't Like It. | Report Abuse
If you want I can buy RE from you, but at lesser price. I can buy @180
Rahul Jain
77. Rahul Jain  Jun 2, 2020 13:25 I Like It. | I Don't Like It. | Report Abuse 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
Anupam Anand
77.1. Anupam Anand  Jun 3, 2020 09:53 I Like It. | I Don't Like It. | Report Abuse
If u did hold RIL shares on 14 May the Sell these RIL-RE today that is 3rd June... Or ur amount is gone
Hemantkumar
76. Hemantkumar  Jun 3, 2020 01:01 I Like It. | I Don't Like It. | Report Abuse 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?
Ou Ai
76.1. Ou Ai  Jun 3, 2020 03:41 I Like It. | I Don't Like It. | Report Abuse
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.
N B PATHAK
75. N B PATHAK  Jun 2, 2020 17:27 I Like It. | I Don't Like It. | Report Abuse 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.
RR
74. RR  May 29, 2020 15:16 I Like It. | I Don't Like It. | Report Abuse Reply
Did anyone understand the CAF number?
Muhamed E A
74.1. Muhamed E A  Jun 1, 2020 14:14 I Like It. | I Don't Like It. | Report Abuse
What is CAF Number
Vivek
73. Vivek  Jun 1, 2020 08:15 I Like It. | I Don't Like It. | Report Abuse 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.
A g pujari
72. A g pujari  May 30, 2020 19:32 I Like It. | I Don't Like It. | Report Abuse 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 ?
Ravi Khandelwal
71. Ravi Khandelwal  May 30, 2020 18:31 I Like It. | I Don't Like It. | Report Abuse 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?
Rohit Mehra
70. Rohit Mehra  May 30, 2020 13:47 I Like It. | I Don't Like It. | Report Abuse 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 ?
RIL RIGHTS
69. RIL RIGHTS  May 30, 2020 13:46 I Like It. | I Don't Like It. | Report Abuse 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.
VANDANA SINGH
68. VANDANA SINGH  May 29, 2020 22:17 I Like It. | I Don't Like It. | Report Abuse 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.
Ou Ai
68.1. Ou Ai  May 30, 2020 13:38 I Like It. | I Don't Like It. | Report Abuse
You will receive refund no non allotment portion
swaminathan
67. swaminathan  May 29, 2020 19:11 I Like It. | I Don't Like It. | Report Abuse 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
Ou Ai
67.1. Ou Ai  May 30, 2020 13:35 I Like It. | I Don't Like It. | Report Abuse
Yes, it will be listed as part paid. Can be sold
vivek
66. vivek  May 30, 2020 12:25 I Like It. | I Don't Like It. | Report Abuse 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
Mahesha
65. Mahesha  May 29, 2020 17:55 I Like It. | I Don't Like It. | Report Abuse 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?
Mithilesh Rathi
64. Mithilesh Rathi  May 29, 2020 16:41 I Like It. | I Don't Like It. | Report Abuse 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.
Ou Ai
64.1. Ou Ai  May 29, 2020 17:31 I Like It. | I Don't Like It. | Report Abuse
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
Mithilesh Rathi
63. Mithilesh Rathi  May 29, 2020 16:36 I Like It. | I Don't Like It. | Report Abuse 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
New Investor
63.1. New Investor  May 29, 2020 17:22 I Like It. | I Don't Like It. | Report Abuse
FORFEITED
Nisha
62. Nisha  May 29, 2020 13:54 I Like It. | I Don't Like It. | Report Abuse Reply
How can I sell RIL re rights if I don't want to buy shares
Ou Ai
62.1. Ou Ai  May 29, 2020 15:02 I Like It. | I Don't Like It. | Report Abuse
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
Mithilesh Rathi
62.2. Mithilesh Rathi  May 29, 2020 16:59 I Like It. | I Don't Like It. | Report Abuse
Sell in secondary market, It is being Traded as regular share.
But you are late now, Today was last date
Kumar
61. Kumar  May 29, 2020 10:44 I Like It. | I Don't Like It. | Report Abuse 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.
Kumjar
61.2. Kumjar  May 29, 2020 12:06 I Like It. | I Don't Like It. | Report Abuse
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.
Ou Ai
61.3. Ou Ai  May 29, 2020 13:09 I Like It. | I Don't Like It. | Report Abuse
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.
Abhishek Yadav
60. Abhishek Yadav  May 29, 2020 11:06 I Like It. | I Don't Like It. | Report Abuse 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?
Abhishek Yadav
60.2. Abhishek Yadav  May 29, 2020 11:38 I Like It. | I Don't Like It. | Report Abuse
But payment to be done where, on kfintech website free T+2 days?
Ou Ai
60.3. Ou Ai  May 29, 2020 11:42 I Like It. | I Don't Like It. | Report Abuse
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
Shweta sardana
59. Shweta sardana  May 29, 2020 00:49 I Like It. | I Don't Like It. | Report Abuse 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.
Shweta sardana
59.2. Shweta sardana  May 29, 2020 10:41 I Like It. | I Don't Like It. | Report Abuse
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 /-
Ou Ai
59.3. Ou Ai  May 29, 2020 11:33 I Like It. | I Don't Like It. | Report Abuse
For 98 you pay 314.25. You purchased 98 rights at premium of 216 from market.
Ritesh
58. Ritesh  May 29, 2020 08:51 I Like It. | I Don't Like It. | Report Abuse 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?
Ou Ai
58.1. Ou Ai  May 29, 2020 10:01 I Like It. | I Don't Like It. | Report Abuse
Proceed with additional application. You will be allotted as per your rights
Catherine
57. Catherine  May 27, 2020 20:20 I Like It. | I Don't Like It. | Report Abuse 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?
Ou Ai
57.1. Ou Ai  May 29, 2020 07:31 I Like It. 1 | I Don't Like It. | Report Abuse
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.
New Investor
56. New Investor  May 22, 2020 15:26 I Like It. | I Don't Like It. | Report Abuse Reply
I AM ENTITLED FOR 91 RIGHT SHARES. I WANT TO APPLY FOR ADDITIONAL SHARES. HOW MANY MORE SHARES I CAN APPLY AND GET. IF I PUT MY APPLICATION FOR 1000 SHARES, HOW MUCH WILL IGET.
PL. GUIDE ME.
Sharath
56.4. Sharath  May 28, 2020 13:46 I Like It. | I Don't Like It. | Report Abuse
What happens to the initial 25% which I paid for the additional requested shares? Would that be refunded if the additional shares are not allotted in whole?
Ou Ai
56.5. Ou Ai  May 29, 2020 07:27 I Like It. | I Don't Like It. | Report Abuse
yes extra amount will be refunded after adjustment
sanjay bhandari
55. sanjay bhandari  May 28, 2020 13:51 I Like It. | I Don't Like It. | Report Abuse Reply
I have reliance shares in non demat form.
How to apply for rights
Ou Ai
55.1. Ou Ai  May 29, 2020 07:26 I Like It. | I Don't Like It. | Report Abuse
You will need to open a Dmat account with a DP and apply using
https://rights.kfintech.com/
if you are not able to open your Damt account before June 3rd, you still can apply with your folio number in Karvy site. However m, shares allotted will be kept in Karvy suspense account for 6 months for you to open a Dmat account and provide details doe transfer to you. If you don't open Damt account with in 6 months, shares will be sold in market and amount will be credited to you.
Jay
54. Jay  May 28, 2020 13:53 I Like It. | I Don't Like It. | Report Abuse Reply
How can my family member renounce their rights (broker Karvy) in favour of me (broker ShareKhan)?
Ou Ai
54.1. Ou Ai  May 29, 2020 07:22 I Like It. | I Don't Like It. | Report Abuse
Off market transfer with a depository slip from your DP
ril investor
53. ril investor  May 29, 2020 00:23 I Like It. | I Don't Like It. | Report Abuse Reply
I HELD 107 RIL EQUITY SHARES ON RECORD DATE AND 7 RIL-RIGHT ENTITLEMENTS WERE DULY CREDITED TO MY DEMAT ACCOUNT.
I BOUGHT 86 RIL-RIGHT ENTITLEMENTS ON 26TH MAY WHICH WERE SETTLED IN MY DEMAT TODAY AFTERNOON.
I PAID FOR THE APPLICATION OF 93 RIL-RIGHTS EQUITY SHARES @ 314.25/- ON R-WAP THROUGH REGISTERED BANK ACCOUNT (HDFC) AND THE SAME WAS SUCCESS.

SHOULD I HOLD ONTO THE 93 RIL-RIGHT ENTITLEMENTS UNTIL 3RD JUNE OR SHOULD I SELL TOMORROW (LAST DAY OF TRADING) ?
DOES HAVING RIL-RIGHTS ENTITLEMENTS IN YOUR DEMAT MEAN A SURE ALLOTMENT?
Ou Ai
53.1. Ou Ai  May 29, 2020 07:21 I Like It. | I Don't Like It. | Report Abuse
Ideally after you applied your 93 right entitlement in dmat should/will get locked. You wont be able to sell them or if you sell will not be able to deliver them. In case this is not enabled by Karvy and you are able to sell, and deliver, you will not get any allotment on your application and money will be refunded. Try your luck !








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App