Asian Granito India Rights Issue 2022 FAQ's

₹440.96 Crores | Listing at BSE, NSE | Mon, Apr 25, 2022 - Tue, May 10, 2022

Asian Granito India Limited Rights Issue Date 2026 & Price FAQs

The timetable for Asian Granito India Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsSun, Apr 24, 2022
Last Date for renunciation of Rights EntitlementsThu, May 5, 2022
Issue Opening DateMon, Apr 25, 2022
Issue Closing DateTue, May 10, 2022
Date of Allotment (on or about)Thu, May 19, 2022
Date of Credit (on or about)Fri, May 20, 2022
Date of Listing (on or about)Tue, May 24, 2022

Asian Granito India Rights Issue 2022 price is set at ₹63 per share. The Asian Granito India Rights Issue 2022 opens on Mon, Apr 25, 2022, and closes on Tue, May 10, 2022, for the subscription.

The allotment of Asian Granito India Rights Issue 2022 is expected to happen on or about May 19, 2022 as per the issue schedule.

Asian Granito India Rights Issue 2022 is expected to list on or around May 24, 2022.

The credit of Asian Granito India Rights Issue 2022 in Demat account is expected on or about May 20, 2022 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. Funding the capital expenditure for setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the Company.
  2. Funding the working capital requirements of the Proposed Projects, post commencement of commercial production.
  3. Funding the capital expenditure for setting up of display centre to showcase the entire range of products and capabilities.
  4. General corporate purposes.

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