How to Apply for a Rights Issue with FYERS

How to apply for a rights issue?

A rights issue allows a company to offer additional shares to its existing shareholders at a discounted price. Eligible shareholders will receive a rights entitlement (RE) in their demat accounts, which they can use to apply for the rights shares. The RE is a temporary security that must be used or sold before it expires.

Steps to Apply for a Rights Issue:
  1. Check Eligibility: Ensure you are an eligible shareholder and have received the rights entitlement (RE) in your demat account.
  2. ASBA Process:
    • Use the Applications Supported by Blocked Amount (ASBA) process through your bank if supported.
    • Log in to your online banking portal and navigate to the ASBA section.
    • Select the rights issue, enter the required details, and submit the application.
  1. Offline Application:
    • If you cannot apply online, the company's Registrar and Transfer Agent (RTA) will send you a Composite Application Form (CAF) via courier.
    • Fill in the form with necessary details like cheque/DD details, DP details, PAN number, and signatures.
    • Submit the completed form at a Self-Certified Syndicate Bank (SCSB) branch.
Example: IIFL Finance Rights Issue
  • Issue Open: April 30, 2024 - May 14, 2024
  • Security Name: IIFL Finance Ltd
  • Issue Size: 42,394,270 shares, ₹1,271.83 Crores
  • Issue Price: ₹300 per share (Face Value: ₹2 per share)
  • Listing At: BSE, NSE
  • Entitlement: 1 Rights Equity Share for every 9 fully paid-up Equity Shares held on Record Date
Scenario Example:

For the IIFL Finance Rights Issue 2024, if you hold 100 shares of IIFL Finance Ltd, you will receive 11 REs (rights entitlements), as you are entitled to 1 RE for every 9 shares held. These REs will be credited to your demat account. You can then decide to either buy the additional shares at ₹300 each using the REs or sell the REs in the secondary market. If you choose to buy, you can apply using the ASBA process via your bank's online portal or by submitting the Composite Application Form (CAF) at a Self-Certified Syndicate Bank (SCSB) branch.

For more details on current and upcoming rights issues, visit:
There are no charges to apply for a rights issue.

    • Related Articles

    • What is Right issue?

      Right issue (Also called right offering) is a framework through which companies raise additional capital by a new issue of Equity shares to the existing shareholders at a discounted price. A company goes for the right issue for various reasons, such ...

    • Can I apply for OFS in FYERS?

      Yes, you can apply for an Offer For Sale (OFS) through FYERS. To understand the detailed procedure of how to apply for OFS via FYERS, you can refer to this article.

    • What are the timings of the OFS issue?

      The precise date of the OFS issue is pre-decided and communicated by the particular company opting for the OFS. However, as for the timings, the OFS window remains open between 9:15 AM and 3:30 PM. It's pivotal for potential investors to ensure their ...

    • What is the procedure to apply for OFS in FYERS?

      If you're keen to invest in companies initiating an Offer For Sale (OFS) via FYERS, the procedure is simple and user-friendly: Login to the Portal: Start by navigating to the FYERS OFS portal. Use your FYERS login credentials to sign in. Choose the ...

    • Can a retail investor apply for OFS?

      Absolutely, any Indian citizen possessing a Demat account linked with a brokerage that's registered with the exchange/s holds the eligibility to partake in Offer For Sale (OFS) issues.