How Do I Apply for the Right Issue at India Infoline?

To apply for a rights issue in India Infoline is through ASBA (Applications Supported by Blocked Amount). If your bank supports you can also apply just like an IPO. If not then Via RTA (Registrar and Transfer Agent).

Apply For Right Issue at India Infoline

Investors Can Apply for the Right Issue with Two Process

1. ASBA (Net banking process)
2. Via RTA 

How to Apply Via ASBA/Net Banking?

The submission of application forms for ASBA can be done physically at bank branches or through online banking. Major banks such as Axis, HDFC Bank, ICICI Bank, SBI, and Kotak Mahindra Bank facilitate application submissions through their net banking platforms. This process closely resembles an IPO application.

Step 1: Investors can access their online brokerage account and navigate to the ASBA services option.

Step 2: Choose the IPO/FPO/BUYBACK option, displaying all available Rights issues.

Step 3: Specify the desired quantity for purchase and complete the application submission.

Step 4: Confirm the terms and conditions by selecting the respective checkbox.

Step 5: Ensure adequate funds are available for the transaction.

Step 6: Execute the transaction and review the order book.

Step 7: Additionally, investors can utilise the Registrar and Transfer Agent (RTA) website for application submissions.

How to Apply Via RTA?

Examples of Registrar and Transfer Agents (RTAs) in India include CAMS and KFin Technologies Limited. Below, we illustrate the process using KFin Technologies Limited as an example.

Step 1: Visit the RTA Website

Visit the KFin Technologies Limited RTA website. The option to apply becomes accessible only during the open period of the rights issue. Follow the example below:

KFinTech Rights Issue Example Click on Apply for the rights issue, which becomes active on the opening date. Before that, initiate email and mobile registration.

Step 2: Specify Physical Shares

Specify whether you possess physical shares or select the depository associated with your account.

Step 3: Enter Details

Input essential details such as DP ID, client ID, and Captcha, then click on Submit.

Step 4: Register Email ID and Mobile Number

Complete the registration of your email ID and mobile number on the subsequent page. This ensures that all allotment details are sent to you.

If you have a Demat account but hold RIL shares in physical form, proceed to the “Demat Account Number Information Registration” tab. Follow the on-screen instructions. Upon clicking proceed, you’ll be prompted to enter your PAN number, Demat account number, etc.