Akshar Spintex Rights Issue 2024 FAQ's

₹48.75 Crores | Listing at BSE, NSE | Mon, Sep 9, 2024 - Mon, Sep 30, 2024

Akshar Spintex Ltd Rights Issue Date 2026 & Price FAQs

The timetable for Akshar Spintex Ltd Rights Issue is as follows:

Last Date for credit of Rights EntitlementsWed, Sep 4, 2024
Last Date for renunciation of Rights EntitlementsTue, Sep 24, 2024
Issue Opening DateMon, Sep 9, 2024
Issue Closing DateMon, Sep 30, 2024
Date of Allotment (on or about)Wed, Oct 9, 2024
Date of Credit (on or about)Mon, Oct 14, 2024
Date of Listing (on or about)Tue, Oct 15, 2024

Akshar Spintex Rights Issue 2024 price is set at ₹1 per share. The Akshar Spintex Rights Issue 2024 opens on Mon, Sep 9, 2024, and closes on Mon, Sep 30, 2024, for the subscription.

The allotment of Akshar Spintex Rights Issue 2024 is expected to happen on or about October 9, 2024 as per the issue schedule.

Akshar Spintex Rights Issue 2024 is expected to list on or around October 15, 2024.

The credit of Akshar Spintex Rights Issue 2024 in Demat account is expected on or about October 14, 2024 as per the issue schedule.

Objects of the Issue:

The Company proposes to utilize the net proceeds raised through the Issue for the below mentioned Objects:

  1. To repay in full certain identified long-term unsecured loans obtained by the Company;
  2. To augment the existing and incremental working capital requirement of the Company; and
  3. General Corporate Purposes.

It is difficult to predict the exact listing price of Akshar Spintex Ltd 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 Akshar Spintex Ltd which could help you with questions like whether to subscribe or not. Consider reading Akshar Spintex Ltd reviews and analysis from experts posted on the Rights Issue detail page.