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Magnum Ventures Rights Issue 2024 Detail
Issue Open February 7, 2024
Issue Close February 27, 2024
Issue Size (Shares) 0.91 Crores
Issue Size (Amount) ₹48.92 Crores
Issue Price ₹54 per Share
Listing At BSE, NSE

Magnum Ventures Rights Issue 2024 Date & Price FAQs

Magnum Ventures Rights Issue 2024 Timetable

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 16, 2024
Issue Opening DateFebruary 7, 2024
Issue Closing DateFebruary 27, 2024
Allotment DateMarch 5, 2024
Shares Credit DateMarch 6, 2024
Listing DateMarch 11, 2024

Magnum Ventures Rights Issue 2024 price is set at ₹54 per Share. The Magnum Ventures Rights Issue 2024 opens on February 7, 2024, and closes on February 27, 2024, for the subscription.

The allotment of Magnum Ventures Rights Issue 2024 is expected to happen on or about March 5, 2024 as per the issue schedule.

Magnum Ventures Rights Issue 2024 expected to list on or around March 11, 2024.

The credit of Magnum Ventures Rights Issue 2024 in Demat account is expected on or about March 6, 2024 as per the issue schedule.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. Funding purchase of new equipment and modification of existing machinery installed in the pulp section to rewinding section manufacturing unit to improve the quality and quantity of newsprint paper, kraft paper and cup stock natural shade paper; and
  2. General Corporate Purposes.

It is difficult to say at what price Magnum Ventures 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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