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Globe Textiles Rights Issue 2024 Detail
Issue Open March 6, 2024
Issue Close March 20, 2024
Issue Size (Shares) 15.11 Crores
Issue Size (Amount) ₹49.00 Crores
Issue Price ₹3 per Share
Listing At NSE

Globe Textiles Rights Issue 2024 Date & Price FAQs

Globe Textiles Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsFebruary 28, 2024
Last Date for renunciation of Rights EntitlementsMarch 12, 2024
Issue Opening DateMarch 6, 2024
Issue Closing DateMarch 20, 2024
Allotment DateMarch 19, 2024
Shares Credit DateMarch 26, 2024
Listing DateMarch 29, 2024

Globe Textiles Rights Issue 2024 price is set at ₹3 per Share. The Globe Textiles Rights Issue 2024 opens on March 6, 2024, and closes on March 20, 2024, for the subscription.

The allotment of Globe Textiles Rights Issue 2024 is expected to happen on or about March 19, 2024 as per the issue schedule.

Globe Textiles Rights Issue 2024 expected to list on or around March 29, 2024.

The credit of Globe Textiles Rights Issue 2024 in Demat account is expected on or about March 26, 2024 as per the issue schedule.

The company proposes deploying the Net Proceeds towards the Objects in accordance with the estimated schedule of implementation and deployment of funds outlined in the table below:

  1. Acquisition of Equity Shares in Globe Denwash Private Limited
  2. Repayment of Loan availed from the related party through conversion outstanding Loan to Equity 
  3. Working Capital
  4. General Corporate Purpose

It is difficult to say at what price Globe Textiles Rights Issue 2024 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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