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How to apply for the South Indian Bank Limited Rights issue?

You are eligible to receive the Right Entitlement (RE) of the South Indian Bank Limited only if you hold the shares of South Indian Bank Limited on or before 27th Feb 2024 (PDF). The SOUTH-RE will be temporarily traded on the stock exchange from March 6th to March 14th before it gets extinguished eventually. You can either use the REs to apply for the rights issue or sell these REs in the market. To learn more about Rights issues, see What is a Rights issue?

The issue details are as follows:

RE trading period
March 06, 2024 to March 14, 2024
Rights issue period March 06, 2024 to March 20, 2024
Ex-date 27th Feb 2024
Record date 27th Feb 2024
Ratio 1:4
Issue price ₹22 per share
Tentative date of allotment for rights shares April 05, 2024
Tentative date of credit April 09, 2024
Tentative date of listing April 12, 2024

After receiving the Rights Entitlements (REs) from South Indian Bank Limited or purchasing them from the market, you can apply for the rights shares through ASBA (Applications Supported by Blocked Amount) if your bank supports it. Alternatively, the company's Registrar and Transfer Agent (RTA) will send a Composite Application Form (CAF) via courier to those who cannot apply online. The filled form can be submitted at a Self-Certified Syndicate Bank (SCSB) branch (WEB). The forms can also be downloaded from the BSE and NSE websites by visiting and

The rights issue details, such as the Rights Issue ratio and the Book closure date, will be mentioned in the application form. The application form requires the following details to be filled in:

  1. Cheque/DD details (non-ASBA).
  2. Select NSDL if the DP starts with IN. Select CDSL if the DP ID is completely numeric.
  3. PAN number. If the account is a joint account, the PAN of the second holder should also be filled in.
  4. DP details. (DP ID and the beneficiary number can be found under the profile section of the Console).
  5. Signature. (Signatures of both account holders if it is a joint account).

Once the form is filled, it can be submitted to any SCSB branch. The list of banks can be found on the application form. For a step-by-step guide on how to apply for a rights issue, visit

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?

Your REs will lapse, and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities, which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares, but I bought REs. Am I still eligible to apply for the rights issue?

If you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares through the RTA’s portal or net banking ASBA if your bank allows it. If you don’t take any action and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQs on Rights issues and Rights Entitlements here.

You can check out this discussion in TradingQ&A to know more about the South Indian Bank Limited Rights issue.

All the current and upcoming corporate actions can be tracked on this list (DOC).