Synergy Green Industries Rights Issue 2024 FAQ's

₹45.92 Crores | Listing at BSE, NSE | Mon, Sep 23, 2024 - Fri, Oct 4, 2024

Synergy Green Industries Ltd Rights Issue Date 2026 & Price FAQs

The timetable for Synergy Green Industries Ltd Rights Issue is as follows:

Last Date for credit of Rights EntitlementsMon, Sep 16, 2024
Last Date for renunciation of Rights EntitlementsMon, Sep 30, 2024
Issue Opening DateMon, Sep 23, 2024
Issue Closing DateFri, Oct 4, 2024
Date of Allotment (on or about)Fri, Oct 11, 2024
Date of Credit (on or about)Tue, Oct 15, 2024
Date of Listing (on or about)Mon, Oct 21, 2024

Synergy Green Industries Rights Issue 2024 price is set at ₹325 per share. The Synergy Green Industries Rights Issue 2024 opens on Mon, Sep 23, 2024, and closes on Fri, Oct 4, 2024, for the subscription.

The allotment of Synergy Green Industries Rights Issue 2024 is expected to happen on or about October 11, 2024 as per the issue schedule.

Synergy Green Industries Rights Issue 2024 is expected to list on or around October 21, 2024.

The credit of Synergy Green Industries Rights Issue 2024 in Demat account is expected on or about October 15, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Capital expenditure for enhancement of present foundry capacity of 30,000 MT/Annum to enhance the foundry capacity up to 45,000 MT/Annum.
  2. Capital Expenditure for setting up New Fettling Shop (Foundry Expansion) 45,000 MT/Annum Capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
  3. Capital Expenditure to build 10,000 MT/Annum of new machining capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
  4. Installation of Solar plant for Captive consumption.
  5. To meet General corporate purposes.
  6. To meet the expenses of the Issue.

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