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Bannari Amman Spinning Mills Rights Issue FAQ's

Bannari Amman Spinning Mills Rights Issue Detail
Issue Open Sep 20, 2021
Issue Close Oct 4, 2021
Issue Size (Shares) 3.33 Crores
Issue Size (Amount) ₹100.00 Crores
Issue Price ₹30 per Share
Listing At BSE, NSE

Bannari Amman Spinning Mills Rights Issue Date & Price FAQs

Bannari Amman Spinning Mills Rights Issue Timetable

Last Date for credit of Rights EntitlementsSep 17, 2021
Last Date for renunciation of Rights EntitlementsSep 28, 2021
Issue Opening DateSep 20, 2021
Issue Closing DateOct 4, 2021
Allotment DateOct 11, 2021
Shares Credit DateOct 13, 2021
Listing DateOct 14, 2021

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

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

Bannari Amman Spinning Mills Rights Issue listing date is Oct 14, 2021.

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

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 say at what price Bannari Amman Spinning Mills Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about Bannari Amman Spinning Mills Rights Issue which could help you with questions like Bannari Amman Spinning Mills Rights Issue buy or not? Consider reading Bannari Amman Spinning Mills Rights Issue reviews and analysis from experts posted on rights issue detail page.

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