hello…A i’m a novice to buying and selling…i want the method maintain the RE shares of Suzlon these have been credited to my DEMAT account as partly paid. what’s the course of to pay absolutely for these allotted shares in my demat. if iclick on Purchase choice, it’s asking me the variety of share to be purchased. i’ve 2471 partly paid shares. do i’ve to enter 2471 because the variety of shares to purchase?? or what shall i do right here.
thanks upfront
“For those who proceed holding partly-paid shares of Suzlon Evergy when the corporate makes a name for the steadiness fee, you’ll be liable to pay the steadiness sum. “
noticed this textual content in your article above. Which means, we get a notification from the corporate that one has to pay the remaining quantity of the Partly paid RE shares?and one other confusion is> will we get this notification between eleventh and twentieth October?
please throw some mild on this…thanks upfront
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I’ve completed it via HDFC web banking. On the desktop web site of your netbanking account login go to request part and in that you’ve got a IPO and rights challenge part. There you may bid. I’ve completed it.
madhukar_rapaka:
hello…A i’m a novice to buying and selling…i want the method maintain the RE shares of Suzlon these have been credited to my DEMAT account as partly paid. what’s the course of to pay absolutely for these allotted shares in my demat. if iclick on Purchase choice, it’s asking me the variety of share to be purchased. i’ve 2471 partly paid shares. do i’ve to enter 2471 because the variety of shares to purchase?? or what shall i do right here.
Hey Madhukar, Rights Entitlements (REs) are totally different from partly-paid shares.
You’ll have to use REs to use for the rights challenge, after that you’ll obtain partly-paid shares. You may enter any quantity, roughly than the REs you maintain, however finest to use to the extent of the REs you maintain and never much less, since as soon as the rights challenge closes, the REs will expire nugatory and you’ll lose all of the premium paid to buy these.
madhukar_rapaka:
“For those who proceed holding partly-paid shares of Suzlon Evergy when the corporate makes a name for the steadiness fee, you’ll be liable to pay the steadiness sum. “
noticed this textual content in your article above. Which means, we get a notification from the corporate that one has to pay the remaining quantity of the Partly paid RE shares?and one other confusion is> will we get this notification between eleventh and twentieth October?
Sure, you’re going to get a notification from the corporate when it makes the decision for the steadiness fee. This won’t be between the eleventh and twentieth of October, it is going to be at later date (not identified but).
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Thanks Subhash…the shares which can be in my demat are marked as “Suzlon Power Ltd REs- EQ PP RE 1/-”
for this do i’ve to use for the rights challenge or these already Partly paid, and i’ve to attend for the corporate name to pay the remaining quantity.
I apologize for silly query.
RE are usually not share however solely an entitlement legitimate for a really restricted interval . you could have RE in your demat and these MUST BE used both to promote at nse/bse by 14 October or apply for partly paid share via ASBA out of your financial institution by paying 2.50 per share on or earlier than 20 October.if you don’t take any 1 motion , RE might be null and void from 21 October.
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RE are usually not share however solely an entitlement legitimate for a really restricted interval . you could have RE in your demat and these MUST BE used both to promote at nse/bse by 14 October or apply for partly paid share via ASBA out of your financial institution by paying 2.50 per share max until 20 October.
Hii Sir @ShubhS9
My pal acquired 28 Proper challenge shares in holding for Suzlon. Now he utilized mistakenly 10000 Qty in ASBA web banking and in addition Rs 25000 fund deducted from financial institution. On this state of affairs fund might be reversed or not? Kindly replace it ASAP.
Renish:
Hii Sir @ShubhS9
My pal acquired 28 Proper challenge shares in holding for Suzlon. Now he utilized mistakenly 10000 Qty in ASBA web banking and in addition Rs 25000 fund deducted from financial institution. On this state of affairs fund might be reversed or not? Kindly replace it ASAP.
Hey Renish, he’ll obtain a assured allotment for 28 shares, for no matter extra amount he has utilized the allotment will depend upon the problem subscription. If he doesn’t get the allotment, the quantity might be refunded.
my buy addtional amount of 40000 not mirrored but so i’m not capable of promote it.
then what to do?
I’m not capable of promote in open market so now what to do for save the quantity?
NGOYAL277:
I’m not capable of promote in open market so now what to do for save the quantity?
The RE buying and selling window closed at present. So that you will be unable to promote the REs. To make sure you don’t lose the quantity paid for buying REs, you’ll have to apply for rights shares. You may take a look at the method above.
Thanks Adithya for sharing the method of HDFC. I used to be trying underneath Demat tab, nevertheless as you accurately talked about, IPO part is underneath Accounts tab.
i suppose , you must use netbanking ASBA or submit software type as talked about above and in addition reserve 40000×2.5 to avoid wasting your 40K
so the free allotted shares might be for two.5 and the bought shares on Zerodha might be 2.5+1.8? (these bought as soon as might be certainly allotted?)
Good day Sir,I’ve utilized across the 5000 REs on 14th by way of Zerodha app; and did a bid for 5000 ASBA reserving by way of Axis Financial institution;now , ought to i nonetheless fill the appliance type and ship to the RTA? or is it automated?do must fill the Software for for 10000 shares or will i get one other letter to use?Please make clear extra on this situation.
Regards
subhash13:
I’ve utilized across the 5000 REs on 14th by way of Zerodha app; and did a bid for 5000 ASBA reserving by way of Axis Financial institution;now , ought to i nonetheless fill the appliance type and ship to the RTA? or is it automated?do must fill the Software for for 10000 shares or will i get one other letter to use?Please make clear extra on this situation.
You had 5000 RE and acquired extra 5000 REs, is it?
On this case you’ll need to cancel the ASBA software and make software for 10000 REs.
subhash13:
so the free allotted shares might be for two.5 and the bought shares on Zerodha might be 2.5+1.8? (these bought as soon as might be certainly allotted?)
The shares might be alloted to you at Rs. 2.5 and that would be the common worth. You’ll have to account for premium paid for buying REs seperately.