How Do I Apply For The Right Issue in HDFC Securities?
Steps to apply for a Right Issue at HDFC Securities
| Steps | Description |
| 1 | Login to HDFC Netbanking |
| 2 | Find Request Section |
| 3 | Click “Apply Rights Issue/ Money” |
| 4 | Check Available Rights Issues |
| 5 | Provide basic information like DP ID, DoB, and number of shares |
| 6 | Review Details and Confirm |
| 7 | Confirmation and Completion |
| 8 | Download Confirmation in PDF Format |
Applying for the Right Issue in the ASBA/Net Banking
Follow the methods mentioned below to apply for the right issue in HDFC Securities:
Step 1: On the internet, type “HDFC net banking.” Click on the first link that appears on the screen.
Step 2: Log in to enter your Customer ID or User ID in the open window. Then, enter your password or IPIN( Internet identification number ) for secure login.
Step 3: On the HDFC net banking dashboard, find the Request section which is usually found at the bottom left-hand side of that dashboard.
Step 4: Click the option ” I want to apply for Rights Issue/Money” in the Request section.
Step 5: Check the available rights issues on the screen. Select the desired rights issue as per your needs.
Step 6: Provide your basic information, including your name, DP ID (Depository Participant Identification), date of birth, and the number of shares you want to apply for.
Step 6: Review the details on it entered and confirm the application. Now proceed with the application process.
Step 7: Follow any additional instructions provided during the application process, such as entering your broker’s name and beneficiary account number and completing the application.
Step 8: Confirmation and Completion: After confirming the application, your amount will be blocked, and you will receive an IPO application number and transaction number.
Step 9: You can now take a screenshot or download the confirmation in PDF format for your proof of records.
You will receive a complete status report of your application later.
By following these steps, you can successfully apply for a rights issue through HDFC Bank’s net banking platform.
Conclusion
The company sends a form to shareholders entitled to receive rights issues, which can be completed online or offline. Investors receive a temporary Rights Entitlement (RE) informing them of eligibility for the rights issue. They can sell their RE to other secondary market investors if they don’t want to apply.