Dhanlaxmi Bank Rights Issue 2024 FAQ's

₹297.54 Crores | Listing at BSE, NSE | Wed, Jan 8, 2025 - Tue, Jan 28, 2025

Dhanlaxmi Bank Limited Rights Issue Date 2026 & Price FAQs

The timetable for Dhanlaxmi Bank Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsTue, Jan 7, 2025
Last Date for renunciation of Rights EntitlementsThu, Jan 23, 2025
Issue Opening DateWed, Jan 8, 2025
Issue Closing DateTue, Jan 28, 2025
Date of Allotment (on or about)Tue, Feb 4, 2025
Date of Credit (on or about)Wed, Feb 5, 2025
Date of Listing (on or about)Mon, Feb 10, 2025

Dhanlaxmi Bank Rights Issue 2024 price is set at ₹21 per share. The Dhanlaxmi Bank Rights Issue 2024 opens on Wed, Jan 8, 2025, and closes on Tue, Jan 28, 2025, for the subscription.

The allotment of Dhanlaxmi Bank Rights Issue 2024 is expected to happen on or about February 4, 2025 as per the issue schedule.

Dhanlaxmi Bank Rights Issue 2024 listing date is 2025-02-11T00:00:00.000Z.

The credit of Dhanlaxmi Bank Rights Issue 2024 in Demat account is expected on or about February 5, 2025 as per the issue schedule.

Objects of the Issue:

The company intends to use the net proceeds from the issue as follows:

  1. To strengthen its Bank’s Tier-I capital base to meet their capital requirements which are expected to increase out of growth in their assets, primarily loans/advances and investment portfolio
  2. To ensure compliance with Basel III regulations and/or other RBI guidelines.

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