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Rajapalayam Mills Rights Issue FAQ's

Rajapalayam Mills Rights Issue Detail
Issue Open Mar 15, 2021
Issue Close Mar 30, 2021
Issue Size (Shares) 0.12 Crores
Issue Size (Amount) ₹69.95 Crores
Issue Price ₹569 per Share
Listing At BSE

Rajapalayam Mills Rights Issue Date & Price FAQs

Rajapalayam Mills Rights Issue Timetable

Last Date for credit of Rights EntitlementsMar 12, 2021
Last Date for renunciation of Rights EntitlementsMar 24, 2021
Issue Opening DateMar 15, 2021
Issue Closing DateMar 30, 2021
Allotment DateApr 8, 2021
Shares Credit DateApr 9, 2021
Listing DateApr 13, 2021

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

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

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

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

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

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