Sparc Electrex Rights Issue 2023 FAQ's

₹27.87 Crores | Listing at BSE | Tue, Mar 14, 2023 - Wed, Apr 12, 2023

Sparc Electrex Limited Rights Issue Date 2026 & Price FAQs

The timetable for Sparc Electrex Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsThu, Mar 9, 2023
Last Date for renunciation of Rights EntitlementsThu, Apr 6, 2023
Issue Opening DateTue, Mar 14, 2023
Issue Closing DateWed, Apr 12, 2023
Date of Allotment (on or about)Fri, Apr 21, 2023
Date of Credit (on or about)Thu, Apr 27, 2023
Date of Listing (on or about)Wed, May 3, 2023

Sparc Electrex Rights Issue 2023 price is set at ₹19 per share. The Sparc Electrex Rights Issue 2023 opens on Tue, Mar 14, 2023, and closes on Wed, Apr 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 is 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.

Objects of the Issue:

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.

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