Feedback Message Board

Had 1000 shares. Entitlement was for 38 shares. Applied 76, allotted 49

How many should we apply in addition to our entitlement. I hold 1000 shares and am entitled to about 38 shares. Should I apply 100 or would I be wasting by blocking my asba?

Ashwani ji. Not clear what you mean by +1 preference shares. I know that one can apply any no of addl shares, and allotment for addl shares is subject to issue being undersubscribed.

Adesh ji, Since you are holding 1000 shares as on record date so as per 1 for every 26 shares held you are entitled for 38 rights. Now 26x38=988 shares, so you are left with 12 fractional shares for which you kind of have a notional loss of not getting a rights issue. The company in it's offer letter has said that for the fractional part you may apply for 1 rights issue and you may get an allotment on preferential basis.

As per my understanding regarding addl shares, you may apply for those rights shares that you buy from the open market (means someone renounced by selling it to you). For those who neither renounce nor subscribe, the rights issue must get cancelled/ extinguished.

Your logic is let us apply for these "neither renounced nor subscribed rights" which may not get cancelled/ extinguished, instead the company may allot to those who apply for addl rights .You may give it a try and see what happens as there will be no loss apart from money remaining blocked in ASBA. Do post the outcome for our learning.

I just checked and in all my 4 accounts one share each has been bought back. Which means full buyback for 1 share.
And I applied on the last or second last day of buyback closure.
So pls do not misguided on the firstncome first served basis.
It is never done.
Check what.went wrong. Maybe the buyback applications were not tendered for those who applied towards closing dates.

Yes, I have also checked with my broker. In retail acceptance is 100%

Retail 68 shares should be eligible. 2900*68 is also less than 2 laca

2944.10 (the closing price on the Record Date at the stock exchange where the No of transactions are comparatively more than the other exchanges)x 68= Rs.200198.80 i.e., more than Rs. 200000/-. Hope that it’s clear.

L&T price is nearing the buyback price.
In these circumstances, if the company revised the buyback price ( as was done in case of BSE), does the record date changes or remains 12th sept, to determine eligibility.
The problem is that I hold 70 shares in each folio and will exceed 2 lac rs mkt value on record date. So should I seel some( 5 share in each folio) now just in case the company revised the price later.
Because otherwise there is no point in tendering these for buyback at 3000.
Pls advise.

Did finally sell 2 shares in each folio to make it 68 shares per folio.
Might now buy more today so that post buyback my original holding remains intact.

buyback price has been revised to 3200

Units can be sold today, even if they come to your demat account by tuesday 11am.
However they should hit our accounts by evening today

Think allotment has been done and units will be in our demat accounts anytime today

Cpse rtf ffo 3 registrar

It is quoting abt 3300 per application of 2 lac rupees.

Yes, full allotment to all who applied till 5000 units apparently.
I applied 4655 and got full. Recd email.
Also, interestingly, even though it is now clear that those who applied full 2 lac appl, got 5503 units, a tweet on reliance mf official account asking for allotment status, was replied stating that they can not confirm when allotment will be done.
How contradictory

I got full allotment in all three applications. I applied for 1L, 1L, 50K and got full allotment in all applications.

The retail portion was subscribed 2 times.
And there was a clause that those who applied for 5000 units will be given priority in getting units should issue be oversubscribed.
It is just like the min lot in an ipo getting first priority on oversubscription.
So if majority of ppl applied full 2 lac quota of retail, then i think those who applied 5000 units or abt 1.3 lac per application, may get almost same as those who applied 2 lac application, or say about one lac each