Yes, you can apply for a rights issue online through ASBA or the registrar's website.
Rights Issue process through ASBA Net Banking:
- Ensure you are an eligible shareholder (holding shares on the record date) and have a valid demat account.
- The company sends a Letter of Offer via email and Rights Entitlement (RE) in the Demat account.
- Access your bank's ASBA-enabled net banking portal or visit the bank branch offering ASBA services.
- In your net banking portal, find the IPO/Rights Issue/ASBA Services section.
- Choose the company’s rights issue from the list of available options.
- Provide the following information: Demat Account Number, PAN and Number of shares (rights entitlement) you want to apply for.
- The application amount will be blocked in your bank account.
- Review and confirm your application.
