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Community User Posted on 10:49am 09-Sep-2020

How to withdraw IPO application ?

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Community User Posted on 02:47pm 08-Sep-2020

How to invest in IPO? Please guide

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Community User Posted on 12:41pm 07-Sep-2020

How to apply for an IPO as HNI

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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?

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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

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