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Kesoram Industries Rights Issue Detail
Issue Open September 27, 2021
Issue Close October 11, 2021
Issue Size (Shares) 8.00 Crores
Issue Size (Amount) ₹400.00 Crores
Issue Price ₹50 per Share
Listing At BSE, NSE

Kesoram Industries Rights Issue Date & Price FAQs

Kesoram Industries Rights Issue Timetable

Last Date for credit of Rights EntitlementsSeptember 24, 2021
Last Date for renunciation of Rights EntitlementsOctober 6, 2021
Issue Opening DateSeptember 27, 2021
Issue Closing DateOctober 11, 2021
Allotment DateOctober 21, 2021
Shares Credit DateOctober 22, 2021
Listing DateOctober 28, 2021

Kesoram Industries Rights Issue price is set at ₹50 per Share. The Kesoram Industries Rights Issue opens on September 27, 2021, and closes on October 11, 2021, for the subscription.

The allotment of Kesoram Industries Rights Issue is expected to happen on or about October 21, 2021 as per the issue schedule.

Kesoram Industries Rights Issue listing date is October 28, 2021.

The credit of Kesoram Industries Rights Issue in Demat account is expected on or about October 22, 2021 as per the issue schedule.

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Repayment or pre-payment of inter-corporate deposit (ICD) including interest thereon; 2. Scheduled part-redemption of Non- Convertible Debentures (NCDs); 3. Redemption of Optionally Convertible Debentures (OCDs) in full/ NCDs in part; and 4. General corporate purposes.

It is difficult to say at what price Kesoram Industries Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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