I am not an eligible shareholder, how can I apply for the right issue?

If you do not own a company’s shares as on the record date, then you won’t be an eligible shareholder for right issue entitlement. However, in such case, you can still apply for the right issue by purchasing right entitlement through On-market renunciation or Off market renunciation. You can apply for the right issue to the full extent of their RE available in the Demat account.