The rights issue of Reliance Chemotex Industries will open for subscription on Monday and close on July 22. The company will issue up to 38.17 lakh shares of face value ₹10 each for cash at a price of ₹65 to eligible shareholders in the ratio of one equity share for every share held on the record date June 20. Analysts will closely monitor the response to the issue. Currently, promoters hold 50.43 per cent stake and the public 49.57 per cent in Reliance Chemotex.