Everything You Need to Know About the Shivam Autotech Rights Issue – #4 by Renish – Announcements – Trading Q&A by Zerodha

Shivam Autotech Ltd. will issue (SHIVAMAUTO) Equity Rights (REs) to anyone who owns its shares as of December 10, 2021 (the registration date). You will be eligible to receive Equity Rights (REs) if you purchased the shares on or before December 8, 2021. The previous date is December 9, 2021.

These real estate items will be temporarily traded on exchanges and then put out. You can either use REs to apply for Shivam Autotech rights shares or you can sell them in the market. You can check out the company’s announcement here.

Case details

previous date December 9, 2021
date of registration December 10, 2021
Rate 2: 9
Issue price 18 rupees per share
Release period From December 31, 2021 to January 28, 2022
RE . trading period From December 31, 2021 to January 21, 2022
Initial credit history February 4, 2022
Initial date of listing to be confirmed

How to Apply for Shivam Autotech Rights Release?

Once you have obtained REs from the company or purchased them from the market, you will need to apply for equity using the Netbanking ASBA. You can check out the process in this post.

You can also apply for rights shares through the registrar’s website and transfer agent. The website may not be fully active until the issue is opened for subscription.

You will need to enter the beneficial owner ID of your demat account which is a 16 digit number while applying either on the RTA website or through your bank.

Noticeable: If you have purchased REs from the secondary market. You will not be able to apply for property rights from the RTA portal. You will have to apply either through the Netbanking ASBA service provided by your bank, and you can check out the process here.

In the event that your bank does not offer the option to apply, you will have to submit an application on plain paper. You can download the application form from here. The form submission process is explained in the form itself.

If you experience any difficulties in applying for equity, you can contact RTA or Bigshare Services at [email protected] or at +91 22 6263 8200.



What will happen to my purchase of RE shares if I do not apply for the rights?

Your real estate claims will expire and you will lose the premium paid to obtain them. The RE will be in the form of temporary securities that will expire if not given up/exercise once the trading window closes.

I don’t own the shares but have purchased REs, am I still eligible to apply for priority rights?

In the event that you have purchased REs but do not have shares, you are still eligible for the rights issue. You can apply for equity either through the RTA portal or through the ASBA banking network if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more Frequently Asked Questions about Rights Release and Rights Issues here.

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