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Rajapalayam Mills Rights Issue 2022 Detail
Issue Open Jan 18, 2023
Issue Close Feb 7, 2023
Issue Size (Shares) 0.06 Crores
Issue Size (Amount) ₹34.98 Crores
Issue Price ₹569 per Share
Listing At BSE

Rajapalayam Mills Rights Issue 2022 Date & Price FAQs

Rajapalayam Mills Rights Issue 2022 Timetable

Last Date for credit of Rights EntitlementsJan 17, 2023
Last Date for renunciation of Rights EntitlementsFeb 2, 2023
Issue Opening DateJan 18, 2023
Issue Closing DateFeb 7, 2023
Allotment DateFeb 16, 2023
Shares Credit DateFeb 20, 2023
Listing DateFeb 23, 2023

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

It is difficult to say at what price Rajapalayam Mills Rights Issue 2022 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about Rajapalayam Mills Rights Issue 2022 which could help you with questions like Rajapalayam Mills Rights Issue 2022 buy or not? Consider reading Rajapalayam Mills Rights Issue 2022 reviews and analysis from experts posted on rights issue detail page.

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