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Yarn Syndicate Rights Issue 2024 Detail
Issue Open February 6, 2024
Issue Close February 21, 2024
Issue Size (Shares) 1.80 Crores
Issue Size (Amount) ₹48.60 Crores
Issue Price ₹27 per Share
Listing At BSE

Yarn Syndicate Rights Issue 2024 Date & Price FAQs

Yarn Syndicate Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsJanuary 30, 2024
Last Date for renunciation of Rights EntitlementsFebruary 16, 2024
Issue Opening DateFebruary 6, 2024
Issue Closing DateFebruary 21, 2024
Allotment DateFebruary 28, 2024
Shares Credit DateFebruary 29, 2024
Listing DateMarch 4, 2024

Yarn Syndicate Rights Issue 2024 price is set at ₹27 per Share. The Yarn Syndicate Rights Issue 2024 opens on February 6, 2024, and closes on February 21, 2024, for the subscription.

The allotment of Yarn Syndicate Rights Issue 2024 is expected to happen on or about February 28, 2024 as per the issue schedule.

Yarn Syndicate Rights Issue 2024 expected to list on or around March 4, 2024.

The credit of Yarn Syndicate Rights Issue 2024 in Demat account is expected on or about February 29, 2024 as per the issue schedule.

The company intends to utilize the proceeds raised through the Issue ("Gross Proceeds") after deducting the Issue related expenses ("Net Proceeds") for the following objects 

  • Acquisition of Equity shares in Stitched Textiles Limited;
  • Incremental working capital requirements.
  • General Corporate Purpose

It is difficult to say at what price Yarn Syndicate 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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