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Modern Engineering and Projects Rights Issue 2024 Detail
Issue Open September 5, 2024
Issue Close September 17, 2024
Issue Size (Shares) 1.24 Crores
Issue Size (Amount) ₹49.44 Crores
Issue Price ₹40 per Share
Listing At BSE

Modern Engineering and Projects Rights Issue 2024 Date & Price FAQs

Modern Engineering and Projects Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsSeptember 3, 2024
Last Date for renunciation of Rights EntitlementsSeptember 11, 2024
Issue Opening DateSeptember 5, 2024
Issue Closing DateSeptember 17, 2024
Allotment DateSeptember 23, 2024
Shares Credit DateSeptember 25, 2024
Listing DateSeptember 25, 2024

Modern Engineering and Projects Rights Issue 2024 price is set at ₹40 per Share. The Modern Engineering and Projects Rights Issue 2024 opens on September 5, 2024, and closes on September 17, 2024, for the subscription.

The allotment of Modern Engineering and Projects Rights Issue 2024 is expected to happen on or about September 23, 2024 as per the issue schedule.

Modern Engineering and Projects Rights Issue 2024 expected to list on or around September 25, 2024.

The credit of Modern Engineering and Projects Rights Issue 2024 in Demat account is expected on or about September 25, 2024 as per the issue schedule.

The Company proposes to utilize the Net Proceeds towards funding the following Objects:

  1. Towards purchase of fixed assets/ Machinery
  2. Towards repayment/prepayment of unsecured loan
  3. Augmenting our Working Capital Requirements; and
  4. General Corporate Purposes.

It is difficult to say at what price Modern Engineering and Projects Rights Issue 2024 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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