Amal Rights Issue 2023 FAQ's

₹49.94 Crores | Listing at BSE | Mon, Mar 6, 2023 - Tue, Mar 14, 2023

Amal Limited Rights Issue Date 2026 & Price FAQs

The timetable for Amal Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsSat, Mar 4, 2023
Last Date for renunciation of Rights EntitlementsWed, Mar 8, 2023
Issue Opening DateMon, Mar 6, 2023
Issue Closing DateTue, Mar 14, 2023
Date of Allotment (on or about)Tue, Mar 21, 2023
Date of Credit (on or about)Thu, Mar 23, 2023
Date of Listing (on or about)Fri, Mar 24, 2023

Amal Rights Issue 2023 price is set at ₹170 per share. The Amal Rights Issue 2023 opens on Mon, Mar 6, 2023, and closes on Tue, Mar 14, 2023, for the subscription.

The allotment of Amal Rights Issue 2023 is expected to happen on or about March 21, 2023 as per the issue schedule.

Amal Rights Issue 2023 listing date is 2023-03-24T00:00:00.000Z.

The credit of Amal Rights Issue 2023 in Demat account is expected on or about March 23, 2023 as per the issue schedule.

Objects of the Issue:

The Company proposes to utilize the proceeds of this Issue towards the following objects:

  1. Investment in the Wholly Owned Subsidiary, viz. Amal Speciality Chemicals Limited (ASCL) for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Wholly Owned Subsidiary;
  2. General Corporate Purposes.

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