Everything You Need to Know About the Vidli Restaurants Rights Issue – Announcements – Trading Q&A by Zerodha

Vidli Restaurants (VIDLI) will issue Rights Entitlements (REs) to anyone who holds its shares as of January 21, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before January 19, 2022. The ex-date is January 20, 2022.

These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of Vidli Restaurants or you can sell them in the market. You can check the announcement from the company here.

Issue Details

Ex-date January 20, 2022
Record Date January 21, 2022
Rate 3:2
Issue Price ₹ 10 per share
Issue Period February 2, 2022 to February 16, 2022
RE Trading Period February 2, 2022 to February 10, 2022
Tentative date of credit March 4, 2022
Tentative date of listing March 8, 2022

This is a partly-paid issue, meaning at the time of application you only have to make part payment.

Amount payable per equity share Face Value Issue Price
On Application 5 5
One or more additional calls as may be decided by the company 5 5
Total 10 10

If you continue holding partly-paid shares of Vidli Restaurants when the company makes a call for the balance payment, you will be liable to pay the balance sum. Alternatively, if you sell the partly-paid shares, the buyer will be liable to pay the sum.

How to apply for the Vidli Restaurants Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights using Netbanking ASBA. You can check the process in this post.

You can also apply for rights shares through the website of the Registrar and Transfer agent. The website might not be fully live until the issue opens for the subscription.

You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through your bank.

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

Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?

In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA 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 FAQ’s on Rights Issue and Rights Entitlements here.

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