Rajapalayam Mills Rights Issue 2022 FAQ's

₹34.98 Crores | Listing at BSE | Wed, Jan 18, 2023 - Tue, Feb 7, 2023

Rajapalayam Mills Limited Rights Issue Date 2026 & Price FAQs

The timetable for Rajapalayam Mills Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsTue, Jan 17, 2023
Last Date for renunciation of Rights EntitlementsThu, Feb 2, 2023
Issue Opening DateWed, Jan 18, 2023
Issue Closing DateTue, Feb 7, 2023
Date of Allotment (on or about)Thu, Feb 16, 2023
Date of Credit (on or about)Mon, Feb 20, 2023
Date of Listing (on or about)Thu, Feb 23, 2023

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

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

Rajapalayam Mills Rights Issue 2022 listing date is 2023-02-23T00:00:00.000Z.

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

Objects of the Issue:

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