Globe Textiles Rights Issue 2025 FAQ's

₹45.04 Crores | Listing at NSE | Fri, Jan 24, 2025 - Thu, Feb 6, 2025

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 EntitlementsFri, Jan 17, 2025
Last Date for renunciation of Rights EntitlementsFri, Jan 31, 2025
Issue Opening DateFri, Jan 24, 2025
Issue Closing DateThu, Feb 6, 2025
Date of Allotment (on or about)Wed, Feb 12, 2025
Date of Credit (on or about)Fri, Feb 14, 2025
Date of Listing (on or about)Mon, Feb 17, 2025

Globe Textiles Rights Issue 2025 price is set at ₹3 per share. The Globe Textiles Rights Issue 2025 opens on Fri, Jan 24, 2025, and closes on Thu, Feb 6, 2025, for the subscription.

The allotment of Globe Textiles Rights Issue 2025 is expected to happen on or about February 12, 2025 as per the issue schedule.

Globe Textiles Rights Issue 2025 is expected to list on or around February 17, 2025.

The credit of Globe Textiles Rights Issue 2025 in Demat account is expected on or about February 14, 2025 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.