Mitcon Rights Issue 2024 FAQ's

Mitcon Rights Issue 2024 price is set at ₹76 per Share. The Mitcon Rights Issue 2024 opens on June 28, 2024, and closes on July 26, 2024, for the subscription.

The allotment of Mitcon Rights Issue 2024 is expected to happen on or about August 3, 2024 as per the issue schedule.

Mitcon Rights Issue 2024 expected to list on or around August 12, 2024.

The credit of Mitcon Rights Issue 2024 in Demat account is expected on or about August 8, 2024 as per the issue schedule.

The Net Proceeds of the Issue are proposed to be utilized by the company for the objects set out below:

1. Investment in its Wholly Owned Subsidiary Company viz. MITCON Sun Power Limited for Solar Park;
2. To finance the upgradation of the Environment Laboratory;
3. Investment in its Joint Venture Company viz. MITCON Nature Based Solutions Limited;
4. To invest in Front End Engineering Design Development;
5. To finance the acquisition of instruments for training;
6. To carry out the capital expenditure for refurbishment of office space;
7. Part-funding the incremental working capital requirements; and
8. General corporate purposes.