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Deepak Fertilisers Rights Issue FAQ's

Deepak Fertilisers Rights Issue Detail
Issue Open Sep 28, 2020
Issue Close Oct 12, 2020
Issue Size (Shares) 1.34 Crores
Issue Size (Amount) ₹178.12 Crores
Issue Price ₹133 per Share
Listing At

Deepak Fertilisers Rights Issue Date & Price FAQs

Deepak Fertilisers Rights Issue Timetable

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateSep 28, 2020
Issue Closing DateOct 12, 2020
Allotment DateOct 21, 2020
Shares Credit DateOct 23, 2020
Listing DateOct 26, 2020

Deepak Fertilisers Rights Issue price is set at ₹133 per Share. The Deepak Fertilisers Rights Issue opens on Sep 28, 2020, and closes on Oct 12, 2020, for the subscription.

The allotment of Deepak Fertilisers Rights Issue is expected to happen on or about Oct 21, 2020 as per the issue schedule.

Deepak Fertilisers Rights Issue expected to list on or around Oct 26, 2020.

The credit of Deepak Fertilisers Rights Issue in Demat account is expected on or about Oct 23, 2020 as per the issue schedule.

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Repayment/prepayment of inter corporate deposits ("ICDs") 2. Reduction of the consolidated borrowings of the Company by way of issuing an ICD to Company's wholly owned Subsidiary, Smartchem Technologies Limited ("STL"), for repayment / prepayment of portion of their outstanding indebtedness; and 3. General corporate purpose.

It is difficult to say at what price Deepak Fertilisers Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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