i purchased Emerland RE from open market, Now BSE suspended trading of this right issue, and daily send below email to me. I don''t know what i have to do with this stock. my broker also replied that, they are helpless, below is mail copy-paste Dear Sir/ Madam, With regard to Right Entitlement (RE) of Emerald Leasing Finance & Investment Company Limited held by you in your demat account, it is informed that the right issue of Emerald Leasing Finance & Investment Company Limited is closing on April 20, 2021. These REs will lapse after the Issue Closing Date unless they are: Subscribed by making an application with requisite application money on or before the Issue Closing Date, or Renounced on or before the Issue Closing Date. For Central Depository Services (India) Limited,
Last date for applying in this right issue was 5th April. Have you applied for the right issue allotment using asba or UPI application before 5th April.
If you have not applied for this, I am sorry to say that all your holdings will be marked down to zero. No body can help you to save your money.
196.2. Johny| Link| Bookmark|
April 16, 2021 11:31:19 AM
IPO Mentor (800+ Posts, 1000+ Likes)
Nothing can be done now. I am sorry for your loss. RE are temporary entitlement shares which trade during small window - in your case from 22-Mar-2021 to 01-Apr-2021. You had to either sell these on or before 01-Apr-2021 or apply for rights shares from 05-Apr-2021. Since you have not done either your RE expired/extinguished worthless resulting in loss of your purchase amount.
You have to apply by ASBA OR UPI to get emerald shares. If you dont apply then value of your RE will be zero. Apply using asba or upi from demat account holdind RE. you will definitely get shares equal to RE. You can apply more also. YOU WILL GET SHARED OF COMPANY AND THEN SELL IT.
BUT DO APPLY. OTHERWISE ALL MONEY YOU PSID TO ACQUIRE RE WILL BE ZERO
Rights issue is extended till 20th April,2021.So you have time to apply. Current market price is Rs.12.30. Today''s high 12.90 and low 11.51. So you may think twice before applying. @ what rate shares are offered, see the difference and take correct decision.
I had similar issue with some other right issue, SBI after one week added option online. But what I learned is R-WAP was a temporary provision and unavailable after 1-Apr. So if your bank is not proving online option, you have to make a physical application (download from Registrar site) and go to bank branch to submit application. Complication here is not all bank branches have this SCBA facility, if you are in a small town or village you have to find the your bank branches with SCBA (from SEBI website or see full offer document on registrar site)visit the branch (mostly in cities and district capitals).
He might appliied with lower price, hence no allotment
And what is ask here retail or hni ๐คช, though in both category allotment is 100% , if Application appliied with higher price.. sense less question...
183.3. Rahul Popat| Link| Bookmark|
April 16, 2021 11:15:56 PM
Top Contributor (200+ Posts, 400+ Likes)