Apply for Rights Issue Shares Through PNB Bank via ASBA

Table of Contents

Steps for applying Rights Issue Shares Through PNB Bank via ASBA.

Note: The deadline timing to apply for Rights Issue Shares is 5:00 PM on the final day. However, some bank portals, such as SBI, may close this option earlier, around 2:00 PM. To avoid any last-minute hustle, it is advisable to apply a day in advance.

For SBI click link – State Bank of India: Apply for Rights Issue through SBI via ASBA

1. Log in to Your Net Banking Portal

Access your PNB net banking through a web browser.

2. Navigate to the Investment Section

Go to the “Investment” tab in the menu.

Select “Apply for ASBA” under the Trading/ASBA section.

If ASBA is not showing

If the option is not visible on your dashboard, it means you haven’t enabled the transaction facility. To enable it:

Go back to the login page.

Click on “Enable Txn Facility” (found at the bottom of the page, second option) and follow the on-screen instructions.
Enable Transaction Facility PNB

3. Set Search Criteria

Select your “Investor Category” and “Investor Type”

Investor Category

NIB – Non-Institutional Bidder
RII – Retail Individual Investor

For example, if you’re a Retail Individual Investor, choose RII.

Investor Type

EMP
IND/HUF/NRI/TRUST
POL
SHA

Where EMP (Employ), IND/HUF/NRI/TRUST (Individual, Hindu Undivided Family, Non-Resident Indian, Trust), POL (Policyholder), SHA (Shareholders’ Agreement ). For instance, if you fall under IND/HUF/NRI/TRUST, select this option.

Click “Continue.”

4. Agree to ASBA Terms and Conditions

Review the terms and conditions, then click “I Agree” to proceed.

5. Select the IPO or Rights Issue

A list of available IPOs and Rights Issues will appear.
Check the “Issue Type” in the last column to identify the rights issue you want to apply for.
For instance, I selected “Tata Consumer Products”, but you can choose any that you prefer.

6. Review Rights Issue Details

Here, you will find important information, such as the issue price, lot size, and more.
Click “Apply” to proceed to the next page.
Provide Necessary Information:

7. Scroll down and fill in the required details

Depository: Choose either CDSL or NSDL. If your account is with Zerodha (like in this example), select CDSL. Generally, NSDL if the DP starts with IN, CDSL if the DP ID is completely numeric. If unsure, check with your Demat broker.
Depository Participant Name: Enter your DP’s name (e.g., Zerodha).
Cut-off Price: Enter the cut-off price, which you can find in the previous step or in your email.
Bid Quantity: Enter the quantity you are eligible to bid for.
SCSB Details: Choose the bank account from which you want the payment to be blocked until the allotment is confirmed.