Eligible shareholders can subscribe to a right issue through any bank that supports ASBA (Applications Supported by Blocked Amount) facility. HDFC, ICICI, Axis, Kotak, SBI, etc. allows ASBA services to apply for IPO, FPO, buyback, and right issue.
Steps to apply for right issue through Net Banking ASBA process:
- Log in to your bank’s net banking portal.
- Search for the right issue option.
- Here, a list of all the right issues will be available.
- Click on the “Apply” option just next to the right issue, you want to apply for.
- Enter details like name, PAN number, Demat account number, quantity, etc.
- Recheck all the details and accept the terms & condition.
- Submit the application.
A complete guide on Applying for Rights Shares online
