Step By Step : How to buy Satin Creditcare Rights Issue
Today's post is about the ongoing Rights Issue of Satin Creditcare Network Limited(NSE: SATIN)
To know more about the company and the issue details,please go through the following links:
The issue is priced at INR 60/share and we need to make a payment of INR 15/share now to purchase the issue and remaining payment date of INR 45 will be intimated by the company later.
Today we will go through the process of applying for this issue through Net Banking.You do not need ASBA for this.
So if you are interested in this issue, let's get started.
Step 0: Pre requisites/ Eligibilty
You will be needing the below mentioned information during the process. Make sure you have it handy before you start:
- If you are eligible, you would have received an email from Satin Creditcare for your rights entitlement. Same email id should be used.
- This issue is available only for resident Indians. NRIs and non-citizens cannot apply.
- Demat account number(16 digit).
- Bank IFSC Code (10 digits)
- PAN number (10 digit)
- Phone number
Step 1:
Go to LINK Intime website:
Step 2:
Click on Investor Services > Rights Issue ,from the top menu. This will redirect you to the Rights Issue page.
Step 3:
Check your enrollment status first. Click on 'Know Your Entitlement' from the left menu. Fill the below mentioned details.
- Select Company : Satin Creditcare Network Limited – Rights Issue
- Select Option: Demat , Enter your Demat ID.
- Click on submit. You will get your entitlement details for your demat account.If you are using Zerodha,you can also check your entitlement in your portfolio.
- Rights entitlement is the maximum number of shares you can apply. You can also choose to denounce your rights in the next step.Make a note of your rights entitlement.
Step 4:
Now you can proceed to your application.
- Click on Application format – Plain Paper on the left menu.
- Select the company and select Demat option.
- Click on Make Payment button to start the payment process. You will be redirected to the payments page.
Step 5:
On the payment page, you need to pay INR15 per share.
Please make sure all the details are correct before making payment.
Here you also have the option to denounce your rights, which means you do not want to buy the rights issue. Select the option denounce and continue to do the same.
- To proceed to buy, select the DP/Client ID option.
- Enter your demat ID:
- Enter your PAN number.
- In Resident Type select Resident Indian for Indian citizens. NRIs cannot apply.
- Enter your mobile number and email id registered with the bank.
- Click continue.
Step 6:
Proceed to fill Investment Details. The pane will automatically open on click of continue.
- Verify your name should be as per your PAN account and Bank account. Do not proceed if they are not the same.
- Now enter the number of shares applied you want to apply. This should be less than or equal to your entitlement in the previous step.
Step 7:
Step 8:
Step 9:
Step 10:
Last Date for credit of Rights Entitlements | Tuesday, August 11, 2020 |
Issue Opening Date | Wednesday, August 12, 2020 |
Last date for On Market Renunciation of Rights Entitlement# | Friday, August 21, 2020 |
Issue Closing Date* | Wednesday, August 26, 2020 |
Finalization of Basis of Allotment (on or about) | Friday, September 4, 2020 |
Date of Allotment (on or about) | Monday, September 7, 2020 |
Date of credit (on or about) | Tuesday, September 8, 2020 |
Date of listing (on or about) | Friday, September 11, 2020 |
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