2. When and how can I get a share certificate?
The Dhiraagu IPO was done in Demat (electronic) format. Hence, you have been allotted electronic share/s which is available in your MSD share account. Dhiraagu will not be issuing any share certificate unless requested by shareholders through MSD. Instead, Dhiraagu has issued an allotment letter to all the shareholders which is a formal record of your shareholding in Dhiraagu.
If you want a paper share certificate, you need to apply to MSD who will remove your electronic shares from the MSD account and inform Dhiraagu to issue a paper share certificate.
However, please note that you either can have a paper share certificate or electronic share/s in your MSD account, but cannot have both at the same time. And in order to buy or sell Dhiraagu shares you must have your shares in electronic format. Therefore, if you have taken a paper share certificate and decide to trade in future, your paper share certificate will be destroyed and converted into electronic shares and placed in your MSD share account by MSD again.
Hence we recommend that you keep Demat shares and maintain your MSD account.