How to Apply for Rights issue with Zerodha?

You can apply for rights issue in Zerodha online through ASBA net banking process. ASBA (Applications Supported by Blocked Amount) is a facility offered by banks to subscribe to IPOs, Rights issues, etc.

If you have a bank account in any Self-certified Syndicate Bank like ICICI, HDFC, Axis, IndusInd, Kotak Mahindra, SBI, etc. you can apply for the rights issue. While applying for the rights issues with net banking, you just have to provide Zerodha Demat account details.

Here’s how to apply rights issues with Zerodha;

1. Log in to your Bank’s net banking portal
2. Search for the rights issue option
3. Select the rights issue you want to apply for.
4. Select CDSL as a Depository Participant and provide your Zerodha DP ID on Console.
5. Fill in the quantity of rights shares you want to purchase.
6. Ensure to have the required funds in your bank account.
7. Submit the order.