Globe Textiles Rights Issue 2024 FAQ's

₹49.00 Crores | Listing at NSE | Wed, Mar 6, 2024 - Wed, Mar 20, 2024

Globe Textiles (india) Limited Rights Issue Date 2026 & Price FAQs

The timetable for Globe Textiles (india) Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsWed, Feb 28, 2024
Last Date for renunciation of Rights EntitlementsTue, Mar 12, 2024
Issue Opening DateWed, Mar 6, 2024
Issue Closing DateWed, Mar 20, 2024
Date of Allotment (on or about)Tue, Mar 19, 2024
Date of Credit (on or about)Tue, Mar 26, 2024
Date of Listing (on or about)Fri, Mar 29, 2024

Globe Textiles Rights Issue 2024 price is set at ₹3 per share. The Globe Textiles Rights Issue 2024 opens on Wed, Mar 6, 2024, and closes on Wed, Mar 20, 2024, for the subscription.

The allotment of Globe Textiles Rights Issue 2024 is expected to happen on or about March 19, 2024 as per the issue schedule.

Globe Textiles Rights Issue 2024 is expected to list on or around March 29, 2024.

The credit of Globe Textiles Rights Issue 2024 in Demat account is expected on or about March 26, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes deploying the Net Proceeds towards the Objects in accordance with the estimated schedule of implementation and deployment of funds outlined in the table below:

  1. Acquisition of Equity Shares in Globe Denwash Private Limited
  2. Repayment of Loan availed from the related party through conversion outstanding Loan to Equity 
  3. Working Capital
  4. General Corporate Purpose

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