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Rights Issue

FREQUENTLY ASKED QUESTIONS – R-WAP

  • About R-WAP
  • Who can apply through R-WAP?

    Only Resident Investors making payment through own resident bank account can avail this facility. Non-resident Investors cannot use R-WAP.

  • Can shareholders holding Equity Shares in physical form apply through R-WAP?

    Yes, shareholders holding Equity Shares in physical form, can apply through R-WAP, but shareholders have to provide their demat account details to the Company or the Registrar not later than two working days prior to the Issue Closing Date, to enable the credit of the Rights Entitlements by way of transfer from the escrow demat account to their respective demat accounts, at least one day before the Issue Closing Date. Such Eligible Equity Shareholders holding shares in physical form can update the details of their respective demat accounts on the website of the Registrar (i.e., https://www.skylinerta.com/submit-document-to-rta.php). Such Eligible Equity Shareholders hold Rights Equity Shares in physical form as on Record Date, can make an Application only after the Rights Entitlements is credited to their respective demat accounts.

  • How should I know my entitlement?

    In case you are an Eligible Equity Shareholder holding Equity Shares as on record date then you may refer either to the Rights Entitlements credited to your demat account or the Rights Entitlements Letter sent to you.
    Eligible Equity Shareholders can obtain the details of their respective Rights Entitlements from the website of the Registrar (i.e. http://www.skylinerta.com/display_entitlement.php) by entering their DP ID and Client ID or Folio Number (in case of Eligible Equity Shareholders holding Equity Shares in physical form) and PAN.

  • Do I need a DEMAT account for applying through R-WAP
    Following can apply through R-WAP

    1. Resident Eligible Equity Shareholders holding Equity Shares in demat form as on the Record Date.
    2. Resident Eligible Equity Shareholders holding Equity Shares in physical folio as on the Record Date.
    3. Resident Renouncee's having Rights Entitlements and also holding a valid demat account

  • How will the payment of application money be made through R-WAP platform?

    At the R-WAP, resident Investors can access and submit the online Application Form in electronic mode using the R-WAP and make online payment using their internet banking or UPI facility from their own bank account thereat.

  • When I will get refund, if any?

    In case of non-Allotment or partial Allotment, surplus Application Money shall be refunded to the Investor after finalization of Basis of Allotment in consultation with the Designated Stock Exchange.

  • Is R-WAP platform an alternative for ASBA mechanism?

    Yes, it is and additional optional mechanism for application in the Issue along with the ASBA mechanism.

  • Is any interest payable to shareholders who are applying through R-WAP system?

    No.

  • Can I apply more than my entitled shares?

    Yes, you may apply for additional shares along with entitled shares. Investors are eligible to apply for additional Rights Equity Shares over and above their Rights Entitlements, provided that they are eligible to apply for Rights Equity Shares under applicable law and they have applied for all the Rights Equity Shares forming part of their Rights Entitlements without renouncing them in whole or in part.

    Eligible Equity Shareholders who renounce their Rights Entitlements cannot apply for additional Rights Equity Shares. Non-resident Renouncees who are not Eligible Equity Shareholders cannot apply for additional Rights Equity Shares. Further, resident Eligible Equity Shareholders who hold Equity Shares in physical form as on the Record Date cannot renounce until the details of their demat account are provided to our Company or the Registrar and the dematerialised Rights Entitlements are transferred from escrow demat account to the respective demat accounts of such Eligible Equity Shareholders within prescribed timelines. However, Such Eligible Equity Shareholders, where the dematerialised Rights Entitlements are transferred from the escrow demat account to the respective demat accounts within prescribed timelines, can apply for additional Rights Equity Shares while submitting the Application through ASBA process or using R-WAP.

  • Can I make payment from any bank?

    Yes, In case of an UPI.
    Only retail internet banking facility is available on R-WAP. Corporates can’t apply through internet banking on R-WAP.

    In case you are using a Net Banking facility for making payment, then the option is available only for below mentioned banks:

    Sr No.

    Bank Name

    Sr No.

    Bank Name

    1

    ALLAHABAD BANK

    2

    ANDHRA BANK

    3

    AU SMALL FINANCE BANK LIMITED

    4

    AXIS BANK LTD

    5

    BANK OF BARODA

    6

    BANK OF INDIA

    7

    CANARA BANK

    8

    CITY UNION BANK LTD

    9

    DEUTSCHE BANK

    10

    HDFC BANK LTD

    11

    ICICI BANK LTD

    12

    IDBI BANK LTD

    13

    INDIAN BANK

    14

    INDIAN OVERSEAS BANK

    15

    INDUSIND BANK LIMITED

    16

    KARUR VYSYA BANK LTD

    17

    KOTAK MAHINDRA BANK LTD

    18

    PUNJAB NATIONAL BANK

    19

    SARASWAT BANK LTD

    20

    SOUTH INDIAN BANK LTD

    21

    STANDARD CHARTERED BANK

    22

    STATE BANK OF INDIA

    23

    TAMILNADU MERCHANTILE BANK

    24

    THE DHANLAXMI BANK LTD

    25

    THE HSBC LTD.

    26

    THE JAMMU AND KASHMIR BANK LIMITED

    27

    THE SHAMRAO VITHAL COOP BANK LTD

    28

    TJSB SAHAKARI BANK LTD

    29

    UNION BANK OF INDIA

    30

    YES BANK LTD

  • Can I use the bank details of my family / friends for making payment?

    No. The bank details to be used for making payment through this platform must have your name as one of the joint holders along with the family / friends otherwise it will be treated as third party payments and will be rejected as per May 06, 2020 Rights Issue Circular and July 24, 2020- Rights Issue Circular. The same should be specified while making the application.

  • Can I use a credit card for making payment?

    No. Option to use credit card for making payment is not available on this platform

  • What is the maximum amount I can pay through this platform?

    In case of Net Banking, there is no restriction on amount on R-WAP. However, maximum amount will be as per the limit set by applicants’ respective banks. In case of UPI, the payment can be made only upto Rs. 2 lakhs.

  • My payment has failed, whom do I approach?

    Please check if you have provided the correct details. You can write to us at on our given numbers.

  • Payment confirmation is not received however amount debited, whom do I approach?

    Please write to us at admin@skylinerta.com or call us at (011- 40450193-97,) and we shall provide the status.

  • In case of wrong information being submitted, do I have the option to revoke or rectify?

    No. Once the application is submitted, it is final. However, application can be withdrawn by sending an email with withdrawal request during the issue period. Further, no Investor can withdraw his/ her/ its application post the Issue Closing Date.

  • Things to be considered for Using UPI / Net Banking as successful mode of payment: -

    • 1. In case you are making payment through existing bank details registered with your folio number or Demat account, please make sure that the same bank account is linked to the UPI ID (VPA) which you will enter on payment page (payment gateway); else the same will be rejected.
    • 2. In case you enter a UPI ID (VPA) and approve the payment on your UPI linked mobile app, in case the amount is first debited and then credited back to your account, please understand that the bank account provided by you on R-WAP is not linked to the UPI ID (VPA) entered by you on the payment page and is rejected on account of Third Party Payments.
    • 3. In case you are making payment using UPI, please follow the same: -
    • a. Provide the UPI ID (virtual payment account i.e. “VPA”) which is linked to the bank account provided by you;
    • b. Check the notification on your mobile from the UPI App;
    • c. Click the notification and login to the UPI App and authorize the payment after checking payment amount
    • d. In case you miss to check your mobile notification and miss to authorize the UPI request; the same will expire and payment will not be completed

    • 4. How to check the bank account linked to your UPI ID (VPA)
    • a. Click the profile and you will find the bank account linked to the UPI ID (VPA)
    • b. In most of the UPI Apps, the bank account number linked to the UPI ID (VPA) is available on the landing page of UPI (for instance in BHIM app)

    • 5. How to get your UPI ID (VPA)
    • a. Go to your UPI App
    • b. Check on the landing page; the UPI ID (VPA) will be on the top;
    • c. Else click the profile and obtain the UPI ID (VPA)

    • 6. How to avoid payment failures on account of Third Party Validation failure?
    • a. If you are using existing bank linked to your demat account for payment; kindly ensure to check your bank details including availability of IFSC
    • b. In case you chose to change bank account for payment:
    • i. You are not the sole holder in the bank account; please select the Mode of holding as Joint;
    • ii. You are not the first holder in the joint bank account; please select the holding level as 2 or 3 (as in your bank records)
    • iii. In place of Name of the first Holder on Change bank details page, please enter the Name of first holder in the joint bank account, as in the bank records
    • iv. If above instructions are not followed, the third party validation may fail and payment for application may not processed.
    • c. In case you chose to change bank detail for payment, ensure that your name as per bank records is matching with your name as mentioned as Eligible Equity Shareholder’s Name in R-WAP; else the same will be rejected on account of Third Party validation; where Mode of holding is selected as Single (indicating that you are the sole holder of the bank account)
    • d. When payment is being made through net banking and you proceed to your Bank Page (through the payment gateway) please ensure to use the same login credentials which is linked to the existing or updated (in case of change in bank details) bank details as appearing in the R-WAP; else the payment will be failed on account of Third Party payment

    • 7. There are banks (as listed above) where Net Banking facility is available on R-WAP. In case you find that the tab of Pay using Net Banking is disabled, then your bank details are not part of the banks registered in R-WAP. Thus, you will either have to change bank details for net banking enabled banks or pay using UPI (virtual payment account details will be required where same bank details are linked).

Please do not share passwords or log in credentials as the call center cannot provide assistance to log into the bank page.

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