PTC Industries Ltd. (PTCIL) will challenge Proper Entitlements (RE’s) to anybody who holds its shares as of July 22, 2022 (report date). These RE’s will likely be quickly traded on the inventory exchanges and can then be extinguished. You possibly can both use the RE’s to use for the rights shares of PTC Industries or you’ll be able to promote them out there. You possibly can verify the announcement from the corporate right here.
You can be eligible to obtain Rights Entitlements (REs) when you have purchased the shares on or earlier than July 20, 2022. The ex-date is July 21, 2022.
Problem Particulars
Ex-Date
July 21, 2022
Document Date
July 22, 2022
RE Image
PTCIN-RE
Ratio
3:2
Problem Worth
₹ 10
Problem Interval
August 03, 2022 to August 12, 2022
RE Buying and selling Interval
August 03, 2022 to August 08, 2022
Tentative Date of Allotment
August 24, 2022
Tentative Date of Itemizing
August 30, 2022
When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing Netbanking ASBA or offline by submitting a Utility Type to the closest department of SCSB (Self Licensed Syndicate Financial institution). You possibly can verify the method on this submit .
You have to to enter your demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights challenge.
The choice to use for rights shares via the RTAs portal isn’t out there for this rights challenge.
In the event you face any difficulties making use of for the rights challenge, you will get in contact with the RTA at [email protected] or at +91 22 4918 6200
What is going to occur to my bought holding of RE shares if I don’t apply for the rights challenge?
Your REs will lapse and you’ll lose the premium paid to accumulate them. The RE will likely be within the type of momentary demat securities which can lapse if not renounced/exercised as soon as the buying and selling window is closed.
I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights challenge?
In case you’ve got purchased REs however don’t have shares, you’re nonetheless eligible for the rights challenge. Chances are you’ll apply for the rights shares both via the RTA’s portal or by way of web banking ASBA in case your financial institution permits it. In the event you don’t take any motion, and let the REs stay in your Zerodha account, they are going to lapse after the problem.
You possibly can learn extra FAQ’s on Rights Problem and Rights Entitlements right here.
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Hello am holding the rights of PTCIL however am not conscious from the place within the zerodha portal i can apply
ankuracs:
Hello am holding the rights of PTCIL however am not conscious from the place within the zerodha portal i can apply
The appliance for rights challenge can solely be made via Internet Banking ASbA service supplied by your financial institution. In case your financial institution isn’t offering the choice then you’ll have to make offline software by submitting a Utility Type to the closest department of SCSB (Self Licensed Syndicate Financial institution) . You possibly can verify the method on this submit .
You need to both apply throughout 3 to 12 August OR promote your rights entitlement at BSE throughout 3 to eight August . if you don’t act , you’ll lose massive cash .if you wish to apply for share be sure that your financial institution assist ASBA be it on-line or bodily . most banks do however there are few banks which should not have asba.
I’ve acquired PTCIL RE shares in 2 demat accounts (Zerodha and ICICIdirect). And I’m not in a position to apply by way of icici ASBA web banking because it says i dont have holdings. Can anybody assist right here ?
please verify if RE are there in your brokers buying and selling account . it’s also possible to register your self at cdsleasi or nsdlideas because the case could also be along with your DP and discover out when you have RE in your demat . if RE are there and nonetheless financial institution fail to do on-line asba software , go for bodily asba .if you can’t do ,promote RE by 8 August .
1] I’ve 1 share of PTCIL-RE from third August. Then i buyed 2 shares in the present day(05/08/2022). Am i able to apply for all 3 shares of PTCIL-RE?
2] For making use of via web banking its not displaying reduce off value. How one can know what quantity will likely be blocked in my account?
Abhimanyu_Somani:
1] I’ve 1 share of PTCIL-RE from third August. Then i buyed 2 shares in the present day(05/08/2022). Am i able to apply for all 3 shares of PTCIL-RE?
Sure, you’ll be able to apply for all of the shares you maintain.
Abhimanyu_Somani:
2] For making use of via web banking its not displaying reduce off value. How one can know what quantity will likely be blocked in my account?
The problem value is Rs. 10, because you’re making use of for 3 shares, Rs. 30 will likely be blcoked.
If i purchase 1 extra share on eighth August, can I apply for that extra share because it is not going to be credited on similar day resulting from T+2?
Abhimanyu_Somani:
If i purchase 1 extra share on eighth August, can I apply for that extra share because it is not going to be credited on similar day resulting from T+2?
You possibly can apply for the extra share as effectively. You simply must be sure you’re holding ample REs in your account by allotment date.
The allotment will likely be assured for the variety of REs you maintain. For any extra shares, the allotment will likely be performed on lottery foundation, for those who don’t get the allotment, the quantity will likely be refunded.
I’m making an attempt to use for proper challenge however Icici netbanking banking reveals ‘no ipo is on the market right now’ regardless of of selecting proper challenge choice. What ought to I do?
Abhimanyu_Somani:
I’m making an attempt to use for proper challenge however Icici netbanking banking reveals ‘no ipo is on the market right now’ regardless of of selecting proper challenge choice. What ought to I do?
Seems like ICICI Financial institution hasn’t made this rights challenge out there on their portal. If in case you have an checking account with one other financial institution, you’ll be able to apply utilizing it. The checking account you employ for making use of for rights shares needn’t be the identical as that linked to your buying and selling account. Simply be sure that it’s in your identify.
If not then, solely choice is to make offline software by visiting the department of SCSB.
I’ve 3 shares credited in my account. However why my ptcil avg value is similar as earlier than? And can stay similar?
Abhimanyu_Somani:
I’ve 3 shares credited in my account. However why my ptcil avg value is similar as earlier than? And can stay similar?
Please create a ticket at assist.zerodha.com. Staff can have this checked and help.
Once I purchased PTCIL RE shares between third to twelfth august 2022, I had paid Rs.1500 every for two shares, Whole rs 3000. After which Rs.30 for proper share asba course of.
The problem is its displaying invested Rs. 30 and never rs. 3030. Thus that is altering my common value.
i’ve 4 shares, if i e-book 2 shares the offered shares will likely be as per FIFO, then what will likely be my avg.(I’ve share of Rs. 4260 purchased on 28/04/2022 and relaxation 3 are from proper challenge)