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Sparc Electrex Rights Issue 2023 Detail
Issue Open March 14, 2023
Issue Close April 12, 2023
Issue Size (Shares) 1.47 Crores
Issue Size (Amount) ₹27.87 Crores
Issue Price ₹19 per Share
Listing At BSE

Sparc Electrex Rights Issue 2023 Date & Price FAQs

Sparc Electrex Rights Issue 2023 Timetable

Last Date for credit of Rights EntitlementsMarch 9, 2023
Last Date for renunciation of Rights EntitlementsApril 6, 2023
Issue Opening DateMarch 14, 2023
Issue Closing DateApril 12, 2023
Allotment DateApril 21, 2023
Shares Credit DateApril 27, 2023
Listing DateMay 3, 2023

Sparc Electrex Rights Issue 2023 price is set at ₹19 per Share. The Sparc Electrex Rights Issue 2023 opens on March 14, 2023, and closes on April 12, 2023, for the subscription.

The allotment of Sparc Electrex Rights Issue 2023 is expected to happen on or about April 21, 2023 as per the issue schedule.

Sparc Electrex Rights Issue 2023 expected to list on or around May 3, 2023.

The credit of Sparc Electrex Rights Issue 2023 in Demat account is expected on or about April 27, 2023 as per the issue schedule.

The Company proposes to utilize the Net Proceeds to:

  1. To meet Working Capital Requirements;
  2. To adjust an unsecured loan given by one of Electrex International Private Limited, one of the Corporate Promoters;
  3. To meet issue-related expenses;
  4. General Corporate Purposes.

It is difficult to say at what price Sparc Electrex Rights Issue 2023 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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