Hi Moonrise will try to explain to the best of my ability.
If you hold 10 shares you are eligible to buy 1 share of skipper.
To buy the same you have to follow the ASBA process of applying rights issue through the bank (the same way as you apply for ipo)
Caveat here is suppose you have 100 shares and you are eligible for 10 , you can apply for more than 10 through the ASBA application process. In the final allotment you might end up having more if other eligible shareholders have chose to skip.
I did a similar exercise with piramal pharma rights issue, I applied for 250 and got all the 250 where in I was eligible for only 150. Regretted that I should have applied more in the process.
Coming to the second part. you just need part payment to book the share , the rest you have to pay later once your shares are allotted.
If you are buying Skipper-RE from the secondary market then you will be allotted that many more. Doesn’t makes sense now as it trades at no discount value when I last checked.
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