Sparc Electrex Rights Issue 2023 FAQ's

Sparc Electrex Rights Issue 2023 price is set at ₹19 per Share. The Sparc Electrex Rights Issue 2023 opens on March 14, 2023, and closes on April 12, 2023, for the subscription.

The allotment of Sparc Electrex Rights Issue 2023 is expected to happen on or about April 21, 2023 as per the issue schedule.

Sparc Electrex Rights Issue 2023 expected to list on or around May 3, 2023.

The credit of Sparc Electrex Rights Issue 2023 in Demat account is expected on or about April 27, 2023 as per the issue schedule.

The Company proposes to utilize the Net Proceeds to:

1. To meet Working Capital Requirements;
2. To adjust an unsecured loan given by one of Electrex International Private Limited, one of the Corporate Promoters;
3. To meet issue-related expenses;
4. General Corporate Purposes.