Rajapalayam Mills Rights Issue FAQ's

₹69.95 Crores | Listing at BSE | Mon, Mar 15, 2021 - Tue, Mar 30, 2021

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 EntitlementsFri, Mar 12, 2021
Last Date for renunciation of Rights EntitlementsWed, Mar 24, 2021
Issue Opening DateMon, Mar 15, 2021
Issue Closing DateTue, Mar 30, 2021
Date of Allotment (on or about)Thu, Apr 8, 2021
Date of Credit (on or about)Fri, Apr 9, 2021
Date of Listing (on or about)Tue, Apr 13, 2021

Rajapalayam Mills Rights Issue price is set at ₹569 per share. The Rajapalayam Mills Rights Issue opens on Mon, Mar 15, 2021, and closes on Tue, Mar 30, 2021, for the subscription.

The allotment of Rajapalayam Mills Rights Issue is expected to happen on or about April 8, 2021 as per the issue schedule.

Rajapalayam Mills Rights Issue is expected to list on or around April 13, 2021.

The credit of Rajapalayam Mills Rights Issue in Demat account is expected on or about April 9, 2021 as per the issue schedule.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Modernization of the Company’s existing Open End Spinning Machines located at Rajapalayam Mills, Rajapalayam. 2. Setting up a new additional line of mercerization machine in the Company’s Mercerizing Division located at Rajapalayam Mills, Rajapalayam; and 3. General corporate purposes.

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.