amount debited from my bank account, i can see the approved shared in my demat account under the IPO/Rights sections. i hope it will be credited to the main portfolio on 26th or 27th Feb. waited for two months and can wait till next week. however, all this rights issue does not seems any great or profitable to the retail investor. I price on 9th Jan is 8.70 the rights lock date so now even they are credited there is no profit. it would have been the same if we would have purchased todays. would had made some profit on other stocks by now.
hi, i am not sure but just did some wild calculation with regard to the idea of rights. considering the past of cal behind the issue of rights to of any company and how the money is used. But now i am taking my words back after watching how the pricing is running down. the operator is playing in the other direction if you see the pattern the shares that are getting sold is from the promotors not the retail investors. by this Qtr end March 24 we can definitely see that promotors decreased their shares percent. this is just my assumptions may not be right. pls do your own calculations.