Can I apply rights Issue online?

Yes, you can apply for a rights issue online through the ASBA facility provided by your bank or stockbroker.

• Through Bank (NetBanking): Log in to your bank’s NetBanking portal, go to the Rights Issue / ASBA section, select the company, and submit your application.
• Through Broker Platform: Log in to your broker trading platform and look for the rights issue section to submit your application. Not many brokers offer to apply for rights issues, but you can trade the rights entitlement credited (if applicable) to your account.

Your application amount is blocked in your bank account and debited only if shares are allotted.