Magnum Ventures Rights Issue 2024 FAQ's

₹48.92 Crores | Listing at BSE, NSE | Wed, Feb 7, 2024 - Tue, Feb 27, 2024

Magnum Ventures Limited Rights Issue Date 2026 & Price FAQs

The timetable for Magnum Ventures Limited Rights Issue is as follows:

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFri, Feb 16, 2024
Issue Opening DateWed, Feb 7, 2024
Issue Closing DateTue, Feb 27, 2024
Date of Allotment (on or about)Tue, Mar 5, 2024
Date of Credit (on or about)Wed, Mar 6, 2024
Date of Listing (on or about)Mon, Mar 11, 2024

Magnum Ventures Rights Issue 2024 price is set at ₹54 per share. The Magnum Ventures Rights Issue 2024 opens on Wed, Feb 7, 2024, and closes on Tue, Feb 27, 2024, for the subscription.

The allotment of Magnum Ventures Rights Issue 2024 is expected to happen on or about March 5, 2024 as per the issue schedule.

Magnum Ventures Rights Issue 2024 is expected to list on or around March 11, 2024.

The credit of Magnum Ventures Rights Issue 2024 in Demat account is expected on or about March 6, 2024 as per the issue schedule.

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. Funding purchase of new equipment and modification of existing machinery installed in the pulp section to rewinding section manufacturing unit to improve the quality and quantity of newsprint paper, kraft paper and cup stock natural shade paper; and
  2. General Corporate Purposes.

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