Adroit Infotech Rights Issue 2024 FAQ's

₹48.75 Crores | Listing at BSE, NSE | Wed, Feb 7, 2024 - Fri, Feb 16, 2024

Adroit Infotech Limited Rights Issue Date 2026 & Price FAQs

The timetable for Adroit Infotech Limited Rights Issue is as follows:

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMon, Feb 12, 2024
Issue Opening DateWed, Feb 7, 2024
Issue Closing DateFri, Feb 16, 2024
Date of Allotment (on or about)Fri, Feb 23, 2024
Date of Credit (on or about)Wed, Feb 28, 2024
Date of Listing (on or about)Mon, Mar 4, 2024

Adroit Infotech Rights Issue 2024 price is set at ₹15 per share. The Adroit Infotech Rights Issue 2024 opens on Wed, Feb 7, 2024, and closes on Fri, Feb 16, 2024, for the subscription.

The allotment of Adroit Infotech Rights Issue 2024 is expected to happen on or about February 23, 2024 as per the issue schedule.

Adroit Infotech Rights Issue 2024 is expected to list on or around March 4, 2024.

The credit of Adroit Infotech Rights Issue 2024 in Demat account is expected on or about February 28, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. Towards Expansion of Business;
  2. To pay off other non-current liabilities;
  3. To part finance the requirement of Working Capital;
  4. Acquisitions of Businesses in similar or complementary space;
  5. To meet General corporate purposes; and
  6. To meet the expenses of the Issue.

It is difficult to predict the exact listing price of Adroit Infotech Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Adroit Infotech Limited which could help you with questions like whether to subscribe or not. Consider reading Adroit Infotech Limited reviews and analysis from experts posted on the Rights Issue detail page.