Yarn Syndicate Rights Issue 2024 FAQ's

₹48.60 Crores | Listing at BSE | Tue, Feb 6, 2024 - Wed, Feb 21, 2024

Yarn Syndicate Ltd. Rights Issue Date 2026 & Price FAQs

The timetable for Yarn Syndicate Ltd. Rights Issue is as follows:

Last Date for credit of Rights EntitlementsTue, Jan 30, 2024
Last Date for renunciation of Rights EntitlementsFri, Feb 16, 2024
Issue Opening DateTue, Feb 6, 2024
Issue Closing DateWed, Feb 21, 2024
Date of Allotment (on or about)Wed, Feb 28, 2024
Date of Credit (on or about)Thu, Feb 29, 2024
Date of Listing (on or about)Mon, Mar 4, 2024

Yarn Syndicate Rights Issue 2024 price is set at ₹27 per share. The Yarn Syndicate Rights Issue 2024 opens on Tue, Feb 6, 2024, and closes on Wed, Feb 21, 2024, for the subscription.

The allotment of Yarn Syndicate Rights Issue 2024 is expected to happen on or about February 28, 2024 as per the issue schedule.

Yarn Syndicate Rights Issue 2024 is expected to list on or around March 4, 2024.

The credit of Yarn Syndicate Rights Issue 2024 in Demat account is expected on or about February 29, 2024 as per the issue schedule.

Objects of the Issue:

The company intends to utilize the proceeds raised through the Issue ("Gross Proceeds") after deducting the Issue related expenses ("Net Proceeds") for the following objects 

  • Acquisition of Equity shares in Stitched Textiles Limited;
  • Incremental working capital requirements.
  • General Corporate Purpose

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