Rajapalayam Mills Rights Issue 2022 FAQ's

Rajapalayam Mills Rights Issue 2022 price is set at ₹569 per Share. The Rajapalayam Mills Rights Issue 2022 opens on Jan 18, 2023, and closes on Feb 7, 2023, for the subscription.

The allotment of Rajapalayam Mills Rights Issue 2022 is expected to happen on or about Feb 16, 2023 as per the issue schedule.

Rajapalayam Mills Rights Issue 2022 listing date is Feb 23, 2023.

The credit of Rajapalayam Mills Rights Issue 2022 in Demat account is expected on or about Feb 20, 2023 as per the issue schedule.

The company intends to utilize the gross proceeds raised through the Issue to part finance the following objects:

1. Capital expenditure for enhancement of fabric division capacity comprises of (i) installation of additional 166 looms ("Looms Expansion") and (ii) installation of fabric finishing infrastructure ("Fabric Processing");
2. Capital expenditure for modernization of existing spinning capacity; and
3. Capital expenditure for setting up of electrical infrastructure capacity to support existing and proposed infrastructure