To apply for the Orient Green Power Rights Issue 2024, follow these key steps:
- Eligibility : You must hold shares of Orient Green Power Company Limited as of the record date (August 13, 2024) to receive Rights Entitlements (REs). REs can also be purchased on the market during the trading period (August 27 to September 9, 2024)
- Application Methods :
- Online via Net Banking ASBA : Use your bank’s net banking portal that supports ASBA (Applications Supported by Blocked Amount) to apply for the rights shares. You will need your Demat account details, including the 16-digit Beneficiary Owner ID
* **Offline via Registrar's Branch (SCSB)** : Fill out the application form received from the Registrar and submit it at a Self-Certified Syndicate Bank (SCSB) branch
* Note: Application through the Registrar’s online portal (R-WAP) is not available for this issue
- Important Dates :
- Issue opens: August 27, 2024
- Issue closes: September 13, 2024
- Last date for credit of Rights Entitlements: September 9, 2024
- Tentative allotment date: September 19, 2024
- Tentative credit date: September 24, 2024
- Tentative listing date: September 27, 2024
- For Physical Shareholders : If you hold shares in physical form, you must provide your Demat account details to the Registrar at least two working days before the issue closing date to be eligible to apply
- If You Do Not Apply or Renounce : Rights Entitlements that are not used or renounced will lapse and become worthless, resulting in the loss of any premium paid if REs were purchased on the market
- Additional Notes :
- You can apply for the rights shares even if you bought REs but do not hold the original shares.
- The issue price is Rs. 13 per share, with a rights ratio of 10:51 (meaning 10 new shares for every 51 shares held)
In summary, to apply, use your net banking ASBA facility or submit the physical form at an SCSB branch, ensure you have your Demat details ready, and apply within the issue period from August 27 to September 13, 2024
