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Amal Rights Issue 2023 Detail
Issue Open March 6, 2023
Issue Close March 14, 2023
Issue Size (Shares) 0.29 Crores
Issue Size (Amount) ₹49.94 Crores
Issue Price ₹170 per Share
Listing At BSE

Amal Rights Issue 2023 Date & Price FAQs

Amal Rights Issue 2023 Timetable

Last Date for credit of Rights EntitlementsMarch 4, 2023
Last Date for renunciation of Rights EntitlementsMarch 8, 2023
Issue Opening DateMarch 6, 2023
Issue Closing DateMarch 14, 2023
Allotment DateMarch 21, 2023
Shares Credit DateMarch 23, 2023
Listing DateMarch 24, 2023

Amal Rights Issue 2023 price is set at ₹170 per Share. The Amal Rights Issue 2023 opens on March 6, 2023, and closes on March 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 March 24, 2023.

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

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 say at what price Amal Rights Issue 2023 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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