Debock Industries Restricted (DIL) has introduced a rights concern of three,27,60,000 fairness shares aggregating as much as Rs. 49.15 crores. The rights concern opens for subscription on June 13, 2023 and closes on June 27 2023.
Anybody who holds shares of Debock Industries Restricted as of June 1, 2023 (document date) shall be eligible for receiving Rights Entitlements (REs). These REs shall be quickly traded on the inventory exchanges and can then be extinguished. You’ll be able to both use the REs to use for the rights shares of the corporate or you possibly can promote them out there.
You’ll be able to test the announcement from the corporate right here.
You’ll be eligible for receiving Rights Entitlements (REs) when you’ve purchased the shares on or earlier than Might 31 2023. The ex-date is June 1, 2023.
Rights concern particulars
Situation Interval
June 13, 2023 – June 27, 2023
RE Buying and selling Interval
June 13, 2023 – June 21, 2023
RE Image
DIL-RE
Situation Worth
Rs. 15 per share
Ratio
3:7
Ex-date
June 1, 2023
Document Date
June 1, 2023
Tentative Date of Allotment for rights shares
July 5, 2023
Tentative Date of Credit score of rights shares
July 6, 2023
Tentative Date of Itemizing for rights shares
July 7, 2023
When you both obtain the REs from the corporate or buy them from the market, you possibly can apply for the rights shares utilizing the beneath strategies;
You’ll be able to test the appliance course of right here.
You will have to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights concern.
The choice to use for rights shares by way of the RTAs portal will not be out there for this rights concern.
What is going to occur to my bought holding of RE shares if I don’t apply for the rights concern?Your REs will lapse and you’ll lose the premium paid to amass them. The RE shall be within the type of non permanent 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 concern?In case you might have purchased REs however don’t have shares, you’re nonetheless eligible for the rights concern. You could apply for the rights shares both by way of the RTA’s portal or through web banking ASBA in case your financial institution permits it. If you happen to don’t take any motion, and let the REs stay in your Zerodha account, they’ll lapse after the problem.
You’ll be able to learn extra FAQ’s on Rights Situation and Rights Entitlements right here.
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Hello,
Thanks for the precious info.
Please assist me to know bit extra on this. At present, I maintain 10,000 shares of DIL-RE in my demat account. If I purchase a further 5,000 shares of DIL-RE, my complete DIL-RE share depend shall be 15,000.
When making use of for the proper concern by way of my SBI account, is it needed for me to have Rs. 15000*15 (RE worth) out there in my account? Will the quantity be debited if I’m allotted these shares? Moreover, will these shares be merged with my current DIL shares on the CMP (Present Market Worth)?
Thanks.
sharathkumarchakali:
Please assist me to know bit extra on this. At present, I maintain 10,000 shares of DIL-RE in my demat account. If I purchase a further 5,000 shares of DIL-RE, my complete DIL-RE share depend shall be 15,000.
When making use of for the proper concern by way of my SBI account, is it needed for me to have Rs. 15000*15 (RE worth) out there in my account?
Sure, you will have to have enough quantity in your checking account to use for 15000 shares. As soon as the allotment is completed, the funds shall be debited out of your checking account.
sharathkumarchakali:
Moreover, will these shares be merged with my current DIL shares on the CMP (Present Market Worth)?
Sure, the rights shares will commerce underneath the identical image.
its dil_res exhibiting everlasting suspended
prashant_pandit:
its dil_res exhibiting everlasting suspended
Rights Entitlements (REs) are commerce for restricted interval. The final buying and selling day for DIL-RE was June 21, 2023.
You continue to have time till June 27, 2023, to use for the rights shares. If you happen to fail to use till then, the REs will expire nugatory and you’ll lose any quantity paid to buy these.
Are you able to please information the right way to apply for rights shares. I’m not current share holder of this firm . New right here bought Dil Re by mistake . What ought to I do now please recommend
Sheikh_Shuja:
Are you able to please information the right way to apply for rights shares. I’m not current share holder of this firm . New right here bought Dil Re by mistake . What ought to I do now please recommend
The method for making use of for rights concern stays the identical, whether or not you’re a shareholder or have purchased the REs from the secondary market. Have defined it above:
ShubhS9:
When you both obtain the REs from the corporate or buy them from the market, you possibly can apply for the rights shares utilizing the beneath strategies;
You’ll be able to test the appliance course of right here .
You will have to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights concern.
Are you able to please information the right way to apply for rights shares. Shopping for Dil Re share by mistake on 20 June . What ought to I do now please recommend
DHARMENDER_JHA:
Are you able to please information the right way to apply for rights shares. Shopping for Dil Re share by mistake on 20 June . What ought to I do now please recommend
You’ll be able to apply for rights shares till twenty seventh June. You’ll be able to try the method above.
Are any fee Performed For this course of
1 Like
DHARMENDER_JHA:
Are any fee Performed For this course of
Sure. You’ll have to pay Rs. 15 per share if you make an software.
Bought Proper concern shares already on twenty sixth June . My quantity remains to be on lien. When is allotment going to happen ? And do I have to do something additional ? Please inform