₹100.00 Crores | Listing at BSE, NSE | Mon, Sep 20, 2021 - Mon, Oct 4, 2021
Bannari Amman Spinning Mills Limited Rights Issue comprises 3.33 Cr equity shares aggregating to ₹100.00 Cr, offered at an issue price of ₹30 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is Sep 9, 2021.
The term of payment is defined as following : The entire amount of the Issue Price of Rs.30 per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 11, 2021.
The Rights Issue opens on Sep 20, 2021, and closes on Oct 4, 2021, with renunciation of Rights Entitlements permitted up to Sep 28, 2021.
The deemed date of allotment is Oct 11, 2021, following which the equity shares are expected to be credited to demat accounts on Oct 13, 2021 and listed at the NSE and the BSE on Oct 14, 2021.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bannari Amman Spinning Mills Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Sep 9, 2021
Entitlement Ratio
:
Open Date
Mon, Sep 20, 2021
Close Date
Mon, Oct 4, 2021
| 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 |
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.
[Dilip Davda] The textile sector is gaining grounds post new relief packages announced recently. The company has a proven track record. The rights issue appears reasonably priced. Investors may consider investing in this lucrative offer for medium to long term rewards. Read detail review...
Bannari Amman Spinning Mills Limited
252, Mettupalayam Road,
Coimbatore - 641 043,
Tamil Nadu, India
Indi, Karnataka, 641043
The Bannari Amman Spinning Mills Rights Issue opens on Mon, Sep 20, 2021, and closes on Mon, Oct 4, 2021.
Bannari Amman Spinning Mills Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 17, 2021 |
| Last Date for renunciation of Rights Entitlements | Tue, Sep 28, 2021 |
| Issue Opening Date | Mon, Sep 20, 2021 |
| Issue Closing Date | Mon, 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 |
You can apply for Bannari Amman Spinning Mills Rights Issue in two ways:
Steps to apply for Bannari Amman Spinning Mills Rights Issue using Net Banking (ASBA)
Steps to apply for Bannari Amman Spinning Mills Rights Issue using Registrar's website (R-WAP)
