Bannari Amman Spinning Mills Rights Issue FAQ's

₹100.00 Crores | Listing at BSE, NSE | Mon, Sep 20, 2021 - Mon, Oct 4, 2021

Bannari Amman Spinning Mills Limited Rights Issue Date 2026 & Price FAQs

The timetable for Bannari Amman Spinning Mills Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsFri, Sep 17, 2021
Last Date for renunciation of Rights EntitlementsTue, Sep 28, 2021
Issue Opening DateMon, Sep 20, 2021
Issue Closing DateMon, Oct 4, 2021
Date of Allotment (on or about)Mon, Oct 11, 2021
Date of Credit (on or about)Wed, Oct 13, 2021
Date of Listing (on or about)Thu, Oct 14, 2021

Bannari Amman Spinning Mills Rights Issue price is set at ₹30 per share. The Bannari Amman Spinning Mills Rights Issue opens on Mon, Sep 20, 2021, and closes on Mon, Oct 4, 2021, for the subscription.

The allotment of Bannari Amman Spinning Mills Rights Issue is expected to happen on or about October 11, 2021 as per the issue schedule.

Bannari Amman Spinning Mills Rights Issue listing date is 2021-10-14T00:00:00.000Z.

The credit of Bannari Amman Spinning Mills Rights Issue in Demat account is expected on or about October 13, 2021 as per the issue schedule.

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Part repayment or prepayment of Inter-Corporate Deposits availed by the company from Murugan Enterprise Private Limited, one of the Promoters; and. 2. Part repayment/ Pre-payment of certain secured loans availed from lenders.

It is difficult to predict the exact listing price of Bannari Amman Spinning Mills Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Bannari Amman Spinning Mills Limited which could help you with questions like whether to subscribe or not. Consider reading Bannari Amman Spinning Mills Limited reviews and analysis from experts posted on the Rights Issue detail page.