Feedback Message Board

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.

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

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

Pl guide me

I have 50 shares of M&M Finance Ltd (MMFSL), I am eligible for 50 Right shares (ratio 1:1) of MMFSL @50/- (Application money Rs 2500)

Now, How much more Right shares I should apply so that I can get allot maximum Right shares.

I don't know current subscription and my capacity is to apply upto 2000 Right shares @50/- (Application amount 1 lac).

You can apply only the shares you have in your demat or you can buy RE which are trading from 28th and which will be traded till 7th... Buy those RE and you will be able to apply for the rights, as per your holdings and RE combined...

@Ashish
The issue is already fully subscribed(99%) today. By end of 11.08.2020, issue will be oversubscribed by 1.5 times. I think there will be no use of subscribing more than your eligibility.

After all choice is yours. You can try your luck by applying in full force. But don't expect much from it.