Gyscoal Alloys Rights Issue 2022 FAQ's

₹49.18 Crores | Listing at BSE, NSE | Mon, Jan 2, 2023 - Thu, Jan 12, 2023

Gyscoal Alloys Limited Rights Issue Date 2026 & Price FAQs

The timetable for Gyscoal Alloys Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsFri, Dec 30, 2022
Last Date for renunciation of Rights EntitlementsMon, Jan 9, 2023
Issue Opening DateMon, Jan 2, 2023
Issue Closing DateThu, Jan 12, 2023
Date of Allotment (on or about)Thu, Jan 19, 2023
Date of Credit (on or about)Wed, Jan 25, 2023
Date of Listing (on or about)Fri, Jan 27, 2023

Gyscoal Alloys Rights Issue 2022 price is set at ₹2.75 per share. The Gyscoal Alloys Rights Issue 2022 opens on Mon, Jan 2, 2023, and closes on Thu, Jan 12, 2023, for the subscription.

The allotment of Gyscoal Alloys Rights Issue 2022 is expected to happen on or about January 19, 2023 as per the issue schedule.

Gyscoal Alloys Rights Issue 2022 listing date is 2023-02-13T00:00:00.000Z.

The credit of Gyscoal Alloys Rights Issue 2022 in Demat account is expected on or about January 25, 2023 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards the following objects:

  1. Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited ("Omkara");
  2. Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and
  3. General corporate purpose

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