Canfin homes ltd

Stock Opportunities Not-so-Hidden Gems
381

Hi Sunil,

The below are the guidelines from SEBI. You may do that.

The shareholders who have not received the application form may apply in writing on a plainpaper, along with the requisite application money.

A format to enable the shareholders entitled to apply against their rights entitlements, tomake the application on a plain paper specifying therein necessary particulars such asname, address, ratio of rights issue, issue price, number of equity shares held, ledgerfolio numbers, depository participant ID, client ID, number of equity shares entitledand applied for, additional shares if any, amount to be paid along with application, andparticulars of cheque, etc. to be drawn in favour of the issueras account;

Reference:http://www.divest.nic.in/Sebidip/chap4.pdf Link: http://www.divest.nic.in/Sebidip/chap4.pdf

382

Thanks a ton Rohan!

plainpaper, tomake asname, ledgerfolio entitledand andparticulars issueras account;

Reference: Link: http://www.divest.nic.in/Sebidip/chap4.pdf http://www.divest.nic.in/Sebidip/chap4.pdf Link: http://www.divest.nic.in/Sebidip/chap4.pdf

383

Q3 results are in:

PAT at 25 Cr vs 20 Cr YoY

http://www.bseindia.com/xml-data/corpfiling/AttachLive/Can_Fin_Homes_Ltd_200115_Rst.pdf

384

Any one received forms for rights issue?

385

yesterday’s close price was 691/-

As people would have calculated, it is equal to ex-issue price of (691+0.3*450)/1.3 = 636/-

Add say 20/- for the effort the people would make to file up and send the rights-form.

SO I was expecting today’s price to be around 655-660/- (perhaps could add 2-3% more for the EU liquidity news)

386

IIFL has come out with Q3 result update, increasing TP to 850

http://www.indiainfoline.com/article/research-recommendation-equity/can-fin-homes-ltd-q3-fy15-115012700086_1.html

387

Has anyone got the letter (subscription form)from Canfin Homes for the rights issue?

Also, if one doesn’t receives the letter can’t he/she apply for the rights issue. I read somewhere that in such casesby writing an application and attaching the cheque for the required amount one can apply.

388

I asked the CS the same question. An executive from Karvy replied:

Dear Sir____

The offer document and the composite application form shall be despatched to the persons who are shareholders on the record date. The procedure for application, date of opening and closing shall be mentioned therein.

So I guess we just sit tight

389

Hi,

I had a few queries about the rights issue, would be glad if someone could answer:

Has any one received the rights issue form?

If it is a generic form then can some one share a scanned copy?

When is the last date to apply for the issue?

If we have to write an application to apply for the rights issue, then should it be addressed to the CS? Whom should the cheque be addressed to?

If we want to apply for additional shares in the rights issue then should we apply for the number in this application it self or we can do that only through the form? How should the payment of extra shares be done - considering there is no fixed chance of you being allotted the shares?

Thanks in advance.

390

Hi Varun,

Nothing to panic. I called up the company and they said they said they haven’t started distributing the forms yet and plan to start it sometime in mid-feb.

391

Clearly, culture, responsiveness, casting off the old, dusty PSU ethos are big issues before Can fin homes. But, in reality - what you see in such superior service etc take long time to add to moat and don’t reflect on hard currency in the short run. If they can keep their head straight and stick to the 30% growth which Ilango had promised, this will be a decent bet

Disc - just entered in today’s correction

392

Folks the notification is out. Please refer to Can Fin website.

The notification for the Rights issue is out. You can refer to Can Fin Homes website as it has got link containing details. The

Forms have been sent by registered post on 9th Feb,

Issue Opens: 13th Feb,

Issue closes on: 27th Feb

http://www.canfinhomes.com/announcements/09022015/Ad%202015%20Feb%2010.pdf

393

Has anyone received the rights issue form? Please inform here if you have.

394

I received the Rights issue form today.

I want to apply through ASBA process but I don’t have an account with HDFC or CANARA Bank.Can I just select ASBA Process in Application Form providing my Account Number and SCSB Bank Name or do i need to go to my SCSB bank and get some document mentioning they have blocked this amount for ASBA Process?

395

Anindya…I read about it and here is what I learnt. You should have account with one of the 50+ banks which are recognized for ASBA facility by SEBI. Details are at :

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1365051213899.html

Choose the bank in which you have an account. Visit the branch with ASBA facility. ASBA enabledbank branch would have capability to apply in electronic format.

Please go through this link for additional details :

396

I have not received the form yet.

If it is generic form can someone please send scanned copy of form?

What are options for me if I don’t receive form in next few days. Should I exit stock before price gets averaged?

397

Thanks Surinder.Yes I have an Account with ICICI bank but collection centers are in HDFC and CANARA bank.Good to know i can submit the application at ICICI home branch only.

Sunil,

You can apply for duplicate form /apply in plain paper.Below is a link to NCC Rights issue.Go to page 233 for details.

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1404210297136.pdf

Sample Rights issue Paper Application. Google search for “rights issue plain paper format” gave me the doc below.May be useful to you.

http://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&sqi=2&ved=0CCIQFjAB&url=http%3A%2F%2Fwww.mdpl.in%2FPLAIN%2520PAPER%2520APPLICATION.doc&ei=Oi3cVLCjHpaTuATK3IG4CA&usg=AFQjCNGgWVG20cJNo4YJLsiMzPzEO5c07w&bvm=bv.85761416,d.c2E

398

You can request the duplicate CAF at this link, (once you request duplicate your original is no longer VALID)

http://karisma.karvy.com//investor/jsp/dblprintselect4.jsp

Here is the Can Fin rights issue Final Draft letter, it has all the details on how to request duplicate or applying on plain paper.

399

Thanks Venkata,

I got duplicate CAF form through link you provided.

Now is the next step to fill the form with PAN, BANK details etc (ICICI in my case) and submit it at HDFC or canara bank center in my city branch mentioned in document?

Also there is option to apply for additional share. What is the max amount we can enter in that field? Lets say if I enter 100 additional shares then in “amount to be blocked” field should i add 45000Rs to existing amount?

If there is someone here who knows complete process can you please mail me at sunilsurana1986@gmail.com so that I can directly ask doubts to avoid spamming this thread.

400

From the Rights Draft,

The CAF in the ASBA process should be submitted at a Designated Branch of the SCSB and whose bank account details are provided in the CAF and not to the Bankers to the Issue (assuming that such

Banker the Issue is not a SCSB), to our Company or Registrar or Lead Manager to the Issue.

You are not supposed to submit to “issue bankers”, you should submit to your SCSB branch. Here is the link where you can submit using ASBA process
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1365051213899.html

Lets say you have 100 shares on record date, you will be eligible for 30 shares.

No. of Shares held on Record Date (27/01/2015): 100

Number of Rights Equity Shares entitled: 30

Number of Rights Equity Shares applied for: 30

Number of additional Equity Shares applied for: 20

Total number of Equity Shares applied for: 50

Total amount paid at the rate of Rs. 450 per Equity Share: 22,500 (50 shares each 450)