Feedback Message Board

Right issue board approved BOA ...as per letter uploaded on NSE portal...but still BIG share not showing status and also no impact in bank account.

@Sanchit Jain
Yes…👍 alloted total 2000x2= 4000 shares

I got full allotment of 4000 and credit to my account

Any update for allotment and what ratio they alloted...?

I can see 400 share in my demat ...but I have not paid any money till now...when we need to pay Rs 123 for these right issue...and how this can be pay...??

What I have understood is that these are right entitlement. Given in the ration of 1:10, only to those who were holding Cloud shares.
They have separate ISIN number.
So, following are the three possibilities:
1. Existing shareholder claim/puchase/buy them (ASBA like IPO or RTA site).
2. Renounce them (trade) and enjoy premium without doing anything. But, that date is lapsed.
3. If none of the above taken then they will lase and won't be seen after closing date.
Those who didn't have the cloud share need to purchase these right entitlement and then claim them as being done by shareholder.
Problem I faced:
1. Couldn't trade them being less than market lot.
2. Not able to buy them, as my bank ICICI not showing this right issue.
3. RTA site of Bigshare so confusing and unfriendly that no idea as to how to proceed (saw other RTA sites - everything crystal clear).
If someone has any idea please guide.

For this company some time before financial institute and promoter taken shares on 1250.

Current price of share in 150 ( so if take with bonus and split it is 15084=600).
Which is 50% of allotment to FI & promoter.

Now Right issue at 123....what is view of expert.

Current price of share in 150 ( so if take with bonus and split it is 150*4=600).
Which is 50% of allotment to FI & promoter.

I think the preferential aspect didn't materialised.