The South Indian Bank Rights Issue 2024 FAQ's

₹1,151.00 Crores | Listing at BSE, NSE | Wed, Mar 6, 2024 - Wed, Mar 20, 2024

The South Indian Bank Limited Rights Issue Date 2026 & Price FAQs

The timetable for The South Indian Bank Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsTue, Mar 5, 2024
Last Date for renunciation of Rights EntitlementsThu, Mar 14, 2024
Issue Opening DateWed, Mar 6, 2024
Issue Closing DateWed, Mar 20, 2024
Date of Allotment (on or about)Fri, Apr 5, 2024
Date of Credit (on or about)Tue, Apr 9, 2024
Date of Listing (on or about)Fri, Apr 12, 2024

The South Indian Bank Rights Issue 2024 price is set at ₹22 per share. The The South Indian Bank Rights Issue 2024 opens on Wed, Mar 6, 2024, and closes on Wed, Mar 20, 2024, for the subscription.

The allotment of The South Indian Bank Rights Issue 2024 is expected to happen on or about April 5, 2024 as per the issue schedule.

The South Indian Bank Rights Issue 2024 is expected to list on or around April 12, 2024.

The credit of The South Indian Bank Rights Issue 2024 in Demat account is expected on or about April 9, 2024 as per the issue schedule.

Objects of the Issue:

The Bank intends to utilize the net proceeds from the Issue to increase its Tier 1 capital base to meet future capital requirements expected to arise from growth in assets, primarily loans and investment portfolio, and to ensure compliance with regulatory capital requirements prescribed by the RBI from time to time.

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