GACM Technologies Rights Issue 2024 FAQ's

₹34.03 Crores | Listing at BSE, NSE | Wed, Jul 31, 2024 - Wed, Aug 14, 2024

GACM Technologies Limited Rights Issue Date 2026 & Price FAQs

The timetable for GACM Technologies Limited Rights Issue is as follows:

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsThu, Aug 8, 2024
Issue Opening DateWed, Jul 31, 2024
Issue Closing DateWed, Aug 14, 2024
Date of Allotment (on or about)Thu, Aug 22, 2024
Date of Credit (on or about)Wed, Aug 28, 2024
Date of Listing (on or about)Tue, Sep 3, 2024

GACM Technologies Rights Issue 2024 price is set at ₹1 per share. The GACM Technologies Rights Issue 2024 opens on Wed, Jul 31, 2024, and closes on Wed, Aug 14, 2024, for the subscription.

The allotment of GACM Technologies Rights Issue 2024 is expected to happen on or about August 22, 2024 as per the issue schedule.

GACM Technologies Rights Issue 2024 is expected to list on or around September 3, 2024.

The credit of GACM Technologies Rights Issue 2024 in Demat account is expected on or about August 28, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects.

  1. To finance the capital expenditure towards the purchase of software & hardware, and servers;
  2. To repay or prepay, in Full or in part, of certain Borrowings availed by our Company through adjustment against the Entitlement of Promoter and Promoter Group.
  3. To invest in Gayiadi Fintech Private Limited, Wholly Owned Subsidiary Company, to finance its capital expenditure;
  4. To make Acquisitions of Businesses in a similar or Complementary Spaces.
  5. To meet General corporate purposes

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