There is a lot of confusion in members regarding this fpo.Trying to answer🙏
Partly paid shares will trade as adanient pp parallel with adanient.The balance amount for partly paid shares can be made in instalments when calls are made by the company.
1. What is bidding price?
>For retail it is 3276-64=3212/2=1606
(Discount is calculated on 3276)
For Hni it is 3276/2=1638
(For HNI no discount)
2. Can one sell partly paid shares before the call date?
> Yes
3 how and when do you make call payment for partly paid shares?
>The Registrar & Transfer Agent (RTA) of the company of which you hold partly paid shares will send you a website link for making payment of the call money. You will receive all communication from the RTA on the email ID mapped to your Broker account. The payment is to be made from the shareholders’ bank account. Payments from third party accounts cannot be made.The company may also levy interest on the amount you owe. This amount depends on the number of partly paid shares you hold.
4. What if one cannot pay call payment?
>Suppose you fail to pay the call money. In that case, the partly paid shares may be forfeited, i.e. the current partly paid shares you hold will be worthless and will not trade on exchanges as the company will allot new partly-paid shares under different ISIN.
5.What happens after paying the first/final call to the company?
>The company will allot you new partly-paid shares under the new ISIN, which will be paid up to the amount you have paid(initial application money + first call money). The partly-paid shares will be listed again after collecting the first/final call payment, and you will be able to trade them.
Hope all basic questions are answered🙏
सर्वे भवन्तु सुखिनः, सर्वे सन्तु निरामयाः
Zerodha (Trading Account)
RHP
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