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Syschem India Rights Issue 2023 Detail
Issue Open October 16, 2023
Issue Close October 27, 2023
Issue Size (Shares) 0.80 Crores
Issue Size (Amount) ₹31.89 Crores
Issue Price ₹40 per Share
Listing At BSE

Syschem India Rights Issue 2023 Date & Price FAQs

Syschem India Rights Issue 2023 Timetable

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsOctober 23, 2023
Issue Opening DateOctober 16, 2023
Issue Closing DateOctober 27, 2023
Allotment DateNovember 4, 2023
Shares Credit DateNovember 8, 2023
Listing DateNovember 13, 2023

Syschem India Rights Issue 2023 price is set at ₹40 per Share. The Syschem India Rights Issue 2023 opens on October 16, 2023, and closes on October 27, 2023, for the subscription.

The allotment of Syschem India Rights Issue 2023 is expected to happen on or about November 4, 2023 as per the issue schedule.

Syschem India Rights Issue 2023 listing date is November 13, 2023.

The credit of Syschem India Rights Issue 2023 in Demat account is expected on or about November 8, 2023 as per the issue schedule.

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

  1. To Expand the existing manufacturing facility for manufacturing of Amoxicillin and Cephalexin at unit located at Village Bargodam, Tehsil Kalka, Dist Panchkula, Haryana.
  2. Working capital requirements.
  3. General Corporate Purposes and Issue Expenses.

It is difficult to say at what price Syschem India 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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