Mitcon Rights Issue 2024 FAQ's

₹32.23 Crores | Listing at NSE | Fri, Jun 28, 2024 - Fri, Jul 26, 2024

Mitcon Consultancy & Engineering Services Limited Rights Issue Date 2026 & Price FAQs

The timetable for Mitcon Consultancy & Engineering Services Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsThu, Jun 27, 2024
Last Date for renunciation of Rights EntitlementsSat, Jun 22, 2024
Issue Opening DateFri, Jun 28, 2024
Issue Closing DateFri, Jul 26, 2024
Date of Allotment (on or about)Sat, Aug 3, 2024
Date of Credit (on or about)Thu, Aug 8, 2024
Date of Listing (on or about)Mon, Aug 12, 2024

Mitcon Rights Issue 2024 price is set at ₹76 per share. The Mitcon Rights Issue 2024 opens on Fri, Jun 28, 2024, and closes on Fri, Jul 26, 2024, for the subscription.

The allotment of Mitcon Rights Issue 2024 is expected to happen on or about August 3, 2024 as per the issue schedule.

Mitcon Rights Issue 2024 is expected to list on or around August 12, 2024.

The credit of Mitcon Rights Issue 2024 in Demat account is expected on or about August 8, 2024 as per the issue schedule.

Objects of the Issue:

The Net Proceeds of the Issue are proposed to be utilized by the company for the objects set out below:

  1. Investment in its Wholly Owned Subsidiary Company viz. MITCON Sun Power Limited for Solar Park;
  2. To finance the upgradation of the Environment Laboratory;
  3. Investment in its Joint Venture Company viz. MITCON Nature Based Solutions Limited;
  4. To invest in Front End Engineering Design Development;
  5. To finance the acquisition of instruments for training;
  6. To carry out the capital expenditure for refurbishment of office space;
  7. Part-funding the incremental working capital requirements; and
  8. General corporate purposes.

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