Feedback Message Board

Mahindra Financial Rights Offer (July 2020) Review Article's Messages

1 Comments

1. AshishIPO

| Link|August 20, 2020 3:18:23 PMReply

FROM THE OBSERVATION I FEEL SHAREHOLDER WHO HAS APPLIED EXTRA GOT 2 EXTRA SHARES FOR EVERY 50 SHARES THEY ARE ENTITLED
SO IF YOU HAD RIGHT TO APPLY FOR 50 AND APPLIED EXTRA THEN THEY GOT 52
100 GOT 104
200 GOT 208
.....

I had 50 shares, i apply for 900 shares but alloted 50 only.

also till today not credited to my dmat.

kindly give solution.

1.1. goutam

| Link|August 20, 2020 10:13:24 PM

This is my ever first apply for any RI through asba ...I applied 350 for 350 holding since long as money deducted, but not applied for extra single one .......parhaps 14 shares could have been allotted if applied 50 extra ...bad luck ...I didn't know ...ok noted for next time

1.2. Pankaj Jain

| Link|August 31, 2020 10:15:46 PM

Hello Ashish,

The right issue was held at 1:1 ratio format so you can get more shares up to the no. of share you were holding before the split. I.e - if I am having 100 shares then maximum I can apply for is 100 more shares @ Rs. 50