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Bannari Amman Spinning Mills Limited Rights Issue (Bannari Amman Spinning Mills Rights Issue) Detail

Sep 20, 2021 - Oct 4, 2021
Bannari Amman Spinning Mills Limited Logo

Incorporated in 1989, Bannari Amman Spring Mills offers a wide spectrum of manufacturing, trading, distribution, and service-related activities in sectors like textiles, food processing, automobile distribution, etc . The company’s product categories cater to various segments of the textile industry such as - Spinning, Weaving, Knitting, Processing, garments, Home Textiles, Windmills, and Retail.

The company’s strict compliance with the internal quality control and international standards of quality has enabled them to expand its operations internationally. The company has nine manufacturing units, all based out of Tamil Nadu in India.

Bannari Amman Spinning Mills Rights Issue Detail

Issue Open Sep 20, 2021 - Oct 4, 2021
Security Name Bannari Amman Spinning Mills Limited
Issue Size (Shares) 3.33 Crores
Issue Size (Amount) ₹100.00 Crores
Issue Price ₹30 per share
Face Value ₹5 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The entire amount of the Issue Price of Rs.30 per Rights Equity Share shall be payable at the time of Application.
Entitlement 21 Rights Equity Shares for every 20 fully paid-up Equity Shares held on the Record date

Bannari Amman Spinning Mills Rights Issue Issue Timetable

Bid/Offer Opens On Sep 20, 2021
Bid/Offer Closes On Oct 4, 2021
Record Date Sep 9, 2021
Deemed Date of Allotment Oct 11, 2021
Renunciation of Rights Entitlements Sep 28, 2021

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 11,148.21 12,473.28 12,633.70
Total Revenue 10,236.97 11,523.42 11,833.41
Profit After Tax (108.70) 62.00 237.14

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.

Bannari Amman Spinning Mills Rights Issue Documents

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Company Contact Information

Bannari Amman Spinning Mills Limited
252, Mettupalayam Road,
Coimbatore - 641 043,
Tamil Nadu, India

Phone: +91 422 243 5555
Email: shares@bannarimills.com
Website: http://bannarimills.com/

Bannari Amman Spinning Mills Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: bannari.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Bannari Amman Spinning Mills Rights Issue Lead Manager(s)

Bannari Amman Spinning Mills Rights Issue FAQs

The Bannari Amman Spinning Mills Rights Issue opens on Sep 20, 2021, and closes on Oct 4, 2021.

Bannari Amman Spinning Mills Rights Issue Schedule

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
Date of Allotment (on or about)Oct 11, 2021
Date of Credit (on or about)Oct 13, 2021
Date of Listing (on or about)Oct 14, 2021

Bannari Amman Spinning Mills Rights Issue price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 21 Rights Equity Shares for every 20 fully paid-up Equity Shares held on the Record date (Sep 9, 2021).

The record date for the Bannari Amman Spinning Mills Rights Issue is Sep 9, 2021.

The issue size of Bannari Amman Spinning Mills Rights Issue is of 3.33 Crores equity shares at ₹30 per share aggregating upto ₹100.00 Crores.

The Letter of Offer for Bannari Amman Spinning Mills Rights Issue can be download here.

You can apply for Bannari Amman Spinning Mills Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Bannari Amman Spinning Mills Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Bannari Amman Spinning Mills Rights Issue available on the list.
  4. Click the Apply button next to the Bannari Amman Spinning Mills Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Bannari Amman Spinning Mills Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bannari Amman Spinning Mills Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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