Texmaco Rail & Engineering Rights Issue FAQ's

₹164.51 Crores | Listing at BSE, NSE | Mon, Nov 1, 2021 - Mon, Nov 15, 2021

Texmaco Rail & Engineering Limited Rights Issue Date 2026 & Price FAQs

The timetable for Texmaco Rail & Engineering Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsFri, Oct 29, 2021
Last Date for renunciation of Rights EntitlementsMon, Nov 8, 2021
Issue Opening DateMon, Nov 1, 2021
Issue Closing DateMon, Nov 15, 2021
Date of Allotment (on or about)Tue, Nov 23, 2021
Date of Credit (on or about)Wed, Nov 24, 2021
Date of Listing (on or about)Thu, Nov 25, 2021

Texmaco Rail & Engineering Rights Issue price is set at ₹23 per share. The Texmaco Rail & Engineering Rights Issue opens on Mon, Nov 1, 2021, and closes on Mon, Nov 15, 2021, for the subscription.

The allotment of Texmaco Rail & Engineering Rights Issue is expected to happen on or about November 23, 2021 as per the issue schedule.

Texmaco Rail & Engineering Rights Issue listing date is 2021-11-25T00:00:00.000Z.

The credit of Texmaco Rail & Engineering Rights Issue in Demat account is expected on or about November 24, 2021 as per the issue schedule.

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Repayment or prepayment of Inter Corporate Deposit (ICD) and unsecured loans.
2. Funding working capital requirements of our Company; and
3. General corporate purposes

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