Synergy Green Industries Rights Issue 2024 FAQ's

Synergy Green Industries Rights Issue 2024 price is set at ₹325 per Share. The Synergy Green Industries Rights Issue 2024 opens on September 23, 2024, and closes on October 4, 2024, for the subscription.

The allotment of Synergy Green Industries Rights Issue 2024 is expected to happen on or about October 11, 2024 as per the issue schedule.

Synergy Green Industries Rights Issue 2024 expected to list on or around October 21, 2024.

The credit of Synergy Green Industries Rights Issue 2024 in Demat account is expected on or about October 15, 2024 as per the issue schedule.

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

1. Capital expenditure for enhancement of present foundry capacity of 30,000 MT/Annum to enhance the foundry capacity up to 45,000 MT/Annum.
2. Capital Expenditure for setting up New Fettling Shop (Foundry Expansion) 45,000 MT/Annum Capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
3. Capital Expenditure to build 10,000 MT/Annum of new machining capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
4. Installation of Solar plant for Captive consumption.
5. To meet General corporate purposes.
6. To meet the expenses of the Issue.