I have been alloted 17 shares of reliance power IPO. How the bonus shares will be alooted me. Please suggest?
Marni asks:
I have been alloted 17 shares of reliance power IPO. As per declaration of company perhaps 9 (nine) numder of bounus shares may be alloted me. Please suggest how the bonus shares will be alooted me & waht is the procedure & whether there is any time limit of holding the oiginal allted shares for getting of bounus shares.. Please suggest.
I have been alloted 17 shares of reliance power IPO. As per declaration of company perhaps 9 (nine) numder of bounus shares may be alloted me. Please suggest how the bonus shares will be alooted me & waht is the procedure & whether there is any time limit of holding the oiginal allted shares for getting of bounus shares.. Please suggest.
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they’ve announced a raio of 5:3 that is 3 shares for every 5 shares. u will get 9 shares and not more than that for the remaining two shares. the date is yet to be decided. if u hold on the record date u will get. if u sell before that date u wont get any bonus share
the record date is not yet fixed i believe. Once they fix the record date, then u have to hold the shares in ur demat a/c on the record date. otherwise u will not be entitled to receive the bonus shares.
u will be entitled for 9 shares. the other shares may be considered for fractional entitlement. it depends on teh company on how to treat this fractional entitlement. sometimes it will be adjusted with a monetary compensation and sometimes it will be carried out without any action until a next corporate action is taken in this stock.