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Community User Posted on 03:41pm 20-May-2020

How to renounce rights for RIL rights issue from ICICI Direct?

I can see only the option to subscribe, any option to sell rights?

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that to renounce the Rights Entitlements, received to eligible shareholders in respective demat accounts is tradable on the exchange under normal settlement similar to the equity segment till May 29, 2020.

Details for the renunciation:

Company Name: RELIANCE INDUSTRIES LIMITED - REs
ISIN: INE002A20018
Trading Start on: 20th May, 2020
Trading End on: 29th May, 2020
Rate: Based on the bid and offer price on the exchange
Settlement: Trade for Trade segment T+2 day basis
Product: Only Delivery based Cash Buy and Sell is allowed

For more details relating to the rights issue, request you to refer to the letter of offer dated May 15, 2020.
04:04pm 20-May-2020
Community User Right price per share is 1247, but at ICICi direct, thy are asking to pay around 314, what about the difference price.?
06:07pm 20-May-2020
Community User should one buy rights from the market? what is the last date on which these can be bought
09:28am 21-May-2020
ICICIdirect Executive @DILIP KUMAR JHA - Thank you for the query. We would like to inform you that the payment Schedule is 314.25 i.e. 25% of the issue price is payable on application. The balance 942.75 per Rights Equity Share which constitutes 75% of the Issue Price shall be payable as follows:

> 314.25 i.e. 25% in May 2021; and
> 628.50 i.e. the balance 50% in November 2021

For more details, click in the below link:
https://community.icicidirect.com/hi-how-to-subscribe-to-reliance-issue-entitlement-through-icici-direct--2
10:52am 21-May-2020
ICICIdirect Executive @RUSHDELH - Thank you for the query. We would like to inform you that the last date for market renunciation is May 29, 2020.
10:57am 21-May-2020

Community User Posted on 03:37pm 20-May-2020

How to subscribe to Reliance Issue entitlement through ICICI Direct?

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that the path to apply for Reliance rights issue is as below:

Login ICICI Direct account >> Trade & Invest >> IPO >> Place Order >> Select Rights Issue for order placement

Rights issue of Reliance Industries Limited:

Issue Opening Date: May 20, 2020
Issue Closing Date: June 03, 2020

Principle terms of the issue:

Face Value: 10 per Equity share.

Issue Price : Each Equity Share is being offered at a price of 1,257 per Equity Share (including a premium of 1,247 per Rights Equity Share) in the Issue.

Payment Schedule : 314.25 i.e. 25% of the issue price is payable on application. The balance 942.75 per Rights Equity Share which constitutes 75% of the Issue Price shall be payable as follows:

> 314.25 i.e. 25% in May 2021; and
> 628.50 i.e. the balance 50% in November 2021

Record Date: Thursday, May 14, 2020. Any person who hold Reliance Industries Limited shares in the demat account as on the record date is eligible for applying the shares in the rights issue.

Rights Entitlement Ratio: The Equity Shares are being offered on a rights basis to the Eligible Equity Shareholders in the ratio of 1 (One) Equity Shares for every 15 (Fifteen) fully paid-up Equity Shares held on the Record Date.

Issue Schedule:

Issue Opening Date: May 20, 2020
Issue Closing Date: June 3, 2020
Last date for market renunciation: May 29, 2020
Date of Allotment (on or about): June 10, 2020
Date of credit (on or about): June 11, 2020
Date of listing (on or about): June 12, 2020

For more details, please refer to the letter of offer dated May 15, 2020.
04:19pm 20-May-2020

Community User Posted on 09:04am 17-Feb-2020

How to apply for FPO of Avenue Supermart from ICICIdirect ?

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that there is a Live OFS issue of Avenue Supermarts Limited on 14 Feb 2020 & 17 Feb 2020.

Stock Code : AVESUP
Issue Size: 1,48,00,000 Equity Shares.
OFS Bidding Time: 09:15 Hrs to 15:30 Hrs.
Bidding at Cut-off: Cut-off available.
Retail Discount: NA
Retail Reservation: 10% of the offer size
Floor Price: Rs 2049/-

To participate in the OFS, follow the below steps.

Log into your account > Trade & Invest > Equity > Transact > Offer For Sale.

>> Date and time of the opening and closing of the offer :

The Sale shall take place over two trading days, as provided below:

For non-Retail Investors on T Day, i.e. February 14, 2020

The Sale shall take place during trading hours on a separate window of the Stock Exchanges on T Day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Un-allotted non-Retail Investors who have placed their bids on T Day may indicate their willingness to carry forward their bids to T+1 Day (defined below), for allocation to them in the unsubscribed portion of Retail Category (defined below).

Please note that only non-Retail Investors shall be allowed to place their bids on T Day, i.e. February 14, 2020.

For Retail Investors (defined below) and for un-allotted non-Retail Investors from T Day, who choose to carry forward their bids to T+1 Day, i.e. February 17, 2020

The Sale shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 Day, commencing at 9:15 a.m. and shall close at 3:30 p.m.(Indian Standard Time) on the same date.

Please note that Retail Investors shall be allowed to place their bids only on T+1 Day. Further, those un-allotted non-Retail Investors who have placed their bids on T Day and have chosen to carry forward their bids to T+1 Day, shall be allowed to revise their bids on T+1 Day as per the SEBI OFS Circulars.

(T Day and T+1 Day, collectively referred to as, Sale Dates )

For more details, you may refer to the below link:
https://www.bseindia.com/xml-data/corpfiling/AttachLive/E213309B_7BDF_481E_8537_AB2D4DF913EB_172155.PDF
10:01am 17-Feb-2020

Community User Posted on 12:39am 29-Jan-2020

Buy back of shares of Dishman Carbogen started but this share not appearing in the list of IPO/Buy Back share on ICICIdirect

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that the Dishman Carbogen Amcis Limited (Scrip code: 540701 ) has announced a buyback of its fully paid-up equity shares of the face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 150/- (Rupees One Hundred & Fifty Only) per equity share payable in cash for an aggregate amount not exceeding INR 72,00,00,000/- (Indian Rupees Seventy Two Crores Only).

Date of Opening of the Buyback on BOLT - January 27, 2020

Last Date for the Buyback - Earlier of:

a) July 24, 2020 (i.e., 6 (six) months from the date of the opening of the Buyback; or

b) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or

c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.

Details of Shares held in DEMAT Form - The Equity Shares held in DEMAT form can be offered for Buyback to the Company in the rolling settlement, as per details mentioned below:

Scrip Code No.: 540701
Market Lot: 1 Share

For more details, you may refer to the link below
https://archives.nseindia.com/corporate/listcontract3_2012020173759_PublicAnnouncementNewspaperCuttings20012020_220.pdf
10:39am 29-Jan-2020

Community User Posted on 03:42pm 20-Dec-2019

Whats is the cut off time on last day to apply for an IPO, is it fixed or varies for all offers?

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