How to Apply for a Rights Issue at Kotak Securities?
You can easily apply for a rights issue at Kotak Securities through your net banking account using the ASBA procedure, or through the issuing company’s registrar.
There are Two Steps to Apply for Right Issues in Kotak Securities
- Via RTA
- ASBA/Net Banking Process
How to Apply Rights Issue via RTA (Registrar and Transfer Agents)?
RTAs in India include CAMS and KFin Technologies Limited. Below is the example of KFin Technologies Limited to demonstrate the method.
Steps | Descriptions |
1 | Go To KFin Technologies Limited RTA website |
2 | Determine the shares and shares and depository |
3 | Enter DP ID or Customer ID |
4 | Enter email address and cellphone number |
5 | Redirected to Zerodha Kite Profile |
Follow Steps to to Apply Rights Issue via RTA
Step 1: Go to the KFin Technologies Limited RTA website (https://rights.kfintech.com/). You will only have the opportunity to apply if the rights issue is open.
In this case, the “Apply for Rights Issue” option will be activated upon opening. But first, click on “email and mobile registration”.
Step 2: Determine if you have actual shares or the depository with which you have an account.
Step 3: Enter basic information such as DP ID, customer ID, and Captcha and click Submit.
Step 4: On the following screen, enter your email address and cellphone number.
Step 5. Apply for the rights issue and make payment via net banking or UPI.
Registering your mobile number and email address will make sure that you receive all the allocation information.
If you already have a Demat account but still own RIL shares in physical form, Follow the below steps to register your Demat Account Number Information for the rights issue.
How to Apply a Rights Issue Through ASBA/Net Banking?
Step 1: Log in to your Kotak Securities account.
Step 2: Once logged in, click on the “My Account” tab and select “Kotak Equity Rights.”
Step 3: This will take you to a page with the list of all active and upcoming equity rights.
Step 4: Find the rights issue you wish to apply for and click on “Apply” to submit your application.
In addition, you may submit your application for the rights issue through the Registrar and Transfer Agent’s website
Things to Remember:
- The UPI payment maximum is Rs 2 lakh.
- For each order you place, a charge of Rs 314.25 per share will be deducted from your bank account instantly.
- If you receive fewer shares than you requested, the surplus payment will be reimbursed to your bank account.
Note: When placing an order for rights, the order amount is frozen in your bank account, preventing withdrawal. The money is safe in your account. If you are not assigned a share, the requested sum will be unlocked and available for withdrawal. Therefore, prepare your liquidity requirements accordingly.