Silgo Retail Rights Issue 2024 FAQ's

₹25.68 Crores | Listing at NSE | Wed, Feb 28, 2024 - Tue, Mar 12, 2024

Silgo Retail Limited Rights Issue Date 2026 & Price FAQs

The timetable for Silgo Retail Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsFri, Feb 23, 2024
Last Date for renunciation of Rights EntitlementsFri, Mar 8, 2024
Issue Opening DateWed, Feb 28, 2024
Issue Closing DateTue, Mar 12, 2024
Date of Allotment (on or about)Wed, Mar 20, 2024
Date of Credit (on or about)Wed, Mar 20, 2024
Date of Listing (on or about)Tue, Mar 26, 2024

Silgo Retail Rights Issue 2024 price is set at ₹25 per share. The Silgo Retail Rights Issue 2024 opens on Wed, Feb 28, 2024, and closes on Tue, Mar 12, 2024, for the subscription.

The allotment of Silgo Retail Rights Issue 2024 is expected to happen on or about March 20, 2024 as per the issue schedule.

Silgo Retail Rights Issue 2024 is expected to list on or around March 26, 2024.

The credit of Silgo Retail Rights Issue 2024 in Demat account is expected on or about March 20, 2024 as per the issue schedule.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:

  1. Repayment in full of unsecured loan availed from one of the Promoters, Mr. Nitin Jain;
  2. Repayment/ Pre-payment of certain secured loan availed from lender of the company either in part or full;
  3. To augment the existing and incremental working capital requirement of the company; and
  4. General corporate purposes.

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