How Do I Apply for Rights Issue at ICICI Direct?

If you wish to purchase additional shares of a company at a discounted price, you can apply for the rights issue of that company. Following the steps below, you can apply for a rights issue using your ICICI account or opt for the offline process.

Steps to Apply for Rights Issue With ICICI Direct (Online)

Follow the steps below to acquire a company’s share online at a discounted price with your ICICI account.

Steps	Description
1	Log in to the ICICI Direct website
2	Click on the ‘IPO’ tab
3	Tap on the ‘Rights Issue’ option
4	Select the stock and fill in the required details
5	Complete the payment process and click on ‘Submit’

Detailed Steps for Applying Online for a Rights Issue with ICICI Direct

Step 1: Using your credentials, log in to your ICICI account by visiting ICICI Direct.com.

Step 2: In the top right section of the website, you’ll come across a tab called ‘IPO’. Click on it.

Step 3: In the ‘IPO’ tab, scroll down to the ‘Rights Issue’ tab. Here you’ll come across stocks for which you are eligible to apply for the rights issue.

Step 4: Select the stock whose rights issue you wish to participate in. Fill in the application form with the right details.

Step 5: Complete the payment process and submit your rights issue application.

Steps to Offline Application of a Rights Issue With ICICI

You can refer to the steps below to apply offline for the rights issue with ICICI Direct

Steps	Description
1	Visit the BSE Website and click on the stock
2	Download the ASBA form
3	Fill in the required details
4	Submit the form to the nearest branch
5	Maintain sufficient funds

Detailed Steps for Offline Application of a Rights Issue With ICICI

Step 1: On the BSE Website (https://www.bseindia.com/publicissue.html), select the stock you wish to apply rights issue for. You will then be redirected to the page of that stock. 

Step 2:  On this page, you’ll come across a form called the ASBA (Application Supported by Blocked Amount) form. Download the form. 

Step 3: Fill in all the required information. Most of the information would be about your bank account number, PAN number, and Demat account.

Step 4: Once you fill up the form, after this step, submit the completed form to the closest Self-Certified Syndicate Bank (SCSB) branch. Among other banks, ICICI Bank is also a Self-Certified Syndicate Bank. Visiting the home branch is not necessary. You can visit any branch of the bank of your choice. 

Step 5: It is very important to maintain a certain amount of funds in your bank account for the application to proceed.

Whether you choose the online route via ICICI Direct.com or the offline ASBA method, applying for a rights issue through ICICI Direct is a straightforward process. To avoid application rejection, it is necessary to provide correct details and have sufficient funds in your account.