How Do I Apply for Rights Issue at Choice India?

One of the common methods for businesses to raise financial capital is through Rights Issues. By using this method, you can see some significant benefits with the initial public offerings (IPOs) or follow-on public offerings (FPOs). However, there are some steps you need to follow to apply for the rights issue. 

Steps to Apply for the Right Issues at Choice India

ASBA Process

Here are the steps for applying through the ASBA (Applications Supported by Blocked Amount) process: 

How do I Apply for the Right Issues with Choice India?

Get a brief about both the processes to apply for the right issues. 

ASBA Process

Here are the steps to place rights issues with this process:

Step 1: Validate your eligibility to engage in the ASBA (Applications Supported by Blocked Amount) procedure.

Step 2: If you meet the requirements, you can use the ASBA procedure via your bank account.

Step 3: When you are applying for shares, the amount you want to invest is withheld in your bank account.

Step 4: As long as these shares are not allocated, they remain locked in your bank account.

Step 5: After you have received your share allocation, the money that was put on hold will be withdrawn from your account to cover it.

CAF Process

Below are the steps to apply for the right issues shared through this process:

Step 1: To get a Composite Application Form (CAF), reach out to the company’s Registrar and Transfer Agent (RTA) if your online application is not accepted

Step 2: You will receive the CAF via courier sent by the RTA

Step 3: Fill in the required details in the form 

Step 4: Submit the filled-out form at a Self-Certified Syndicate Bank (SCSB) branch.

By following either of the two processes you can apply for the right issue.