ICICIdirect Executive Thank you for the query. We would like to inform you ASBA means Applications Supported by Blocked Amount . ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.
Under the ASBA process, the amount is not debited from your bank account until successful allotment. Until such allotment, the amount will remain blocked in your bank account.
In case you are allotted 0 shares, the application money shall be unblocked from the bank accounts upon receiving instructions from the Registrar.
In case of partial lot allotment, the amount equivalent to the allotted shares is debited from your bank account and the remaining application money shall be unblocked from the bank accounts upon receiving instructions from the Registrar.
To view the Allotted Qty and Refund Amount, follow the below steps:
Log into your account > IPO > Order Book > (select appropriate dates) Click on Status hyperlink
ICICIdirect Executive Thank you for the query. We would like to inform you that yes, you can place a withdrawal request anytime during the bidding period. After successful processing of your withdrawal request, the money will be unblocked in your bank account.
To place withdrawal request follow below steps:
Log into your account > Trade & Invest > IPO/FPO/BUYBACK > Transact > Order Book > Click on Transaction ID hyperlink > Click on Withdraw Application
ICICIdirect Executive Thank you for the query. We would like to inform you that the Non-Institutional Investors category are all Bidders that are not QIBs (including Anchor Investors) or Retail Individual Investors, who have Bid for Equity Shares for an amount of more than Rs. 200,000 (but not including NRIs other than Eligible NRIs).
The minimum bid size for Non-Institutional bidders should be more Rs.200,000/-.
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
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.
Community User Right price per share is 1247, but at ICICi direct, thy are asking to pay around 314, what about the difference price.?
Community User should one buy rights from the market? what is the last date on which these can be bought
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