I have few questions regarding Airtel Rights Issue.
1. Can I apply for more shares other than the number of RE transferred to my account? Let say I have been allotted 35 REs, Can I apply for 500.
2. How retail category for rights issue will be considered? Eg. 500 x 133.75 should be less than 200000 Rs. or 500 x 535 should be less than 200000 Rs.
3. While bidding at what price should I bid. i.e can I bid for 134 instead of 133.75.
@NitinNikhil Ji, Yes you can buy 500 RE shares in open market. You should spend 500×197=98500. This can be possible on or before 14th. Finally you got 500 RE shares. All 500 RE is available in your Demat a/c. Now after 14th, before 21st you should pay Rights price to 500 RE shares. (500*133.75 =66875) + (35×133.75 = 4681.25).
I am allocated 3 RE, this is the first time I am dealing with REs. I understand if I hold them after 14th, I have to pay 133 immediately and the remaining 402 (approx) on the company fixed dates.
But what if I want to buy them say I want to buy 10 more REs. So I will buy 7 more now and follow the same process above.
If I have 10 RE after 14 October and I apply for 25 shares via ASBA. I assume I be alloted 10 shares against 10 RE. Will I be considered for the excess 15 shares if the rights issues goes undersubsribed?
First time dealing with RE shares, please help. I have 100 shares of Airtel and I received 7 AIRTEL-RE-BE shares today in my demat. In my Zerodha holdings, it is already show a profit of 1400Rs against these 7 RE shares. Can I simply sell these and realize this profit?? Because that is pretty much the gain which I would probably get when finally these 7 RE becomes real shares which is probably after a month or so. Please suggest :)
Yes, you can, but whatever action you want to take, do it before OCT 21, I guess, that is the last date. Otherwise, the REs would vanish and you would get nothing.
@RABHAT Hold these RE shares for longterm. Others didn't getting at free. If you hold these RE after 14th Oct, you have to pay 133 per share through ASBA or Online. That 133 is only 25% of 535. Remaining 75% you have to pay in future stages.
If you want to buy more RE shares you should spare current RE price i.e 210 or more. My suggestion just hold for longterm. Pay rights price at prescribed intervals specified by company.
@KAILASH SINGH BISHT ji RE buying and selling should be on or before 14th. After 14th, before 21st you should pay the rights price per RE share based on the holding.
If you are holding RE after 14th and cant able to pay the Rights price (i.e 133) on or before 21st, all holding shares will be going to loose. So be cautious while playing with Rights issue.
By 21st you paid rights price and next time 2nd call, you forget the payment, that time also you will be going to loose all RE shares. Take care.
Yes you can buy and sell Any number of RE shares till 14th. If you hold any RE share after 14th You should pay Rights Price 133/ RE Share on or before 21st.
Conversion of RE share to 25% of regular share price(535) can be possible only after paying 133 on or before 21st. Remaining 75% of(535) can be paid in future dates fixed by company. After 100% paying on prescribe intervals, then only RE will be convert to Regular Share.
The trading in rights entitlement (RE) of Bharti Airtel will commence on Tuesday and will remain open till October 14. Under this window, existing shareholders will get to sell their RE, while those who wish to participate in the Rs 21,000-crore rights offering will get to buy the permit to apply. One RE gives a shareholder right to subscribe to one share in the rights issue programme, which will remain open till October 21. Analysts expect one RE to trade in the range between Rs 180-200 per unit. Shares of Airtel last closed at Rs 676, while the rights issue price is Rs 535 per share. ETFs will sell their REs as they are not allowed to subscribe for shares in the rights issue. Last year, trading in Reliance Industries RE had seen huge investor interest.
iam retail investor, in right issue there in five type investor categories,SHA,SHA-1 SHA-2 SHA-3 SHA-4,So which categorise I should submit for retail categories ?
Airtel Renounce RE share will be trade from 5th October to 14th October. Who got allotment of RE and hold after 14th Oct Should pay 133.75/per share on or before 21st October. Most probably RE price will be start 140 on 1st day. RE price is based on the Current Price 675 - Rights Issue Price 535 = 140. 😁👍. All the best
Good evening Sir mere rvikas life care right issue ke 2200 share abhi tak Nahi Aaye hain please help me Mere share aayenge ya praise vapas kab tak aayenge Please call me
Bharti Airtel Rights Issue
Dear Friends,I have few questions regarding Airtel Rights Issue.
1. Can I apply for more shares other than the number of RE transferred to my account? Let say I have been allotted 35 REs, Can I apply for 500.
2. How retail category for rights issue will be considered?
Eg. 500 x 133.75 should be less than 200000 Rs.
or 500 x 535 should be less than 200000 Rs.
3. While bidding at what price should I bid. i.e can I bid for 134 instead of 133.75.
Your response will be highly valuable.
Regards