₹9.99 Crores | Listing at BSE | Thu, Jun 23, 2022 - Thu, Jul 7, 2022
Kallam Textiles Limited Rights Issue comprises 0.9991 Cr equity shares aggregating to ₹9.99 Cr, offered at an issue price of ₹10 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Jun 3, 2022.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 22, 2022.
The Rights Issue opens on Jun 23, 2022, and closes on Jul 7, 2022, with renunciation of Rights Entitlements permitted up to Jul 4, 2022.
The deemed date of allotment is Jul 15, 2022, following which the equity shares are expected to be credited to demat accounts on Jul 21, 2022 and listed on the BSE on Jul 22, 2022.
SMC Capitals Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Kallam Textiles Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jun 3, 2022
Entitlement Ratio
:
Open Date
Thu, Jun 23, 2022
Close Date
Thu, Jul 7, 2022
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 59,817.95 | 58,678.93 | |
| Total Income | 24,226.53 | 29,333.48 | |
| Profit After Tax | -789.62 | -1,208.88 | |
Kallam Textiles Limited is engaged in the business of ginning cotton, manufacturing Cotton, and weaving grey and dyed fabrics. The company's manufacturing facilities comprise Ginning, Spinning, Weaving and Dyeing Plants and are located in the state of Andhra Pradesh. Kallam Textiles Limited has facilities for yarn dyeing with a capacity of around 3000 Kg per day and a woven fabric capacity of 80,000 meters per day.
The company's product portfolio includes Ring Spun combed yarn, TFO (Two for one twisted yarn) ring spun yarn, Open End yarn from Ne10s to Ne20s, TFO open end yarn Ne OE 20s/2, BCI (Better Cotton Initiative) certified yarn and woven fabric such as yarn dyed shirting and bottom weight fabric.
Kallam Textiles Limited also generates Solar Power for internal consumption and has three Hydel Power Plants with a total capacity of 4 MW located in the state of Telangana.
The proceeds of the Issue are proposed to be utilized by the company for financing the following objects:
[Dilip Davda] After posting losses for FY20 and FY21, it has turned the corner for FY22 and has also announced a dividend. Currently, we are witnessing fancy for textile segment counters. This counter is thinly traded and has no fancy of investors as of now. Hence risk seeker/cash surplus investors may park their funds with a long term perspective. Read detail review...
Kallam Textiles Limited
N.H 5, Chowdavaram,
Guntur,
Andhra Pradesh – 522 019
The Kallam Textiles Rights Issue 2022 opens on Thu, Jun 23, 2022, and closes on Thu, Jul 7, 2022.
Kallam Textiles Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Wed, Jun 22, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Jul 4, 2022 |
| Issue Opening Date | Thu, Jun 23, 2022 |
| Issue Closing Date | Thu, Jul 7, 2022 |
| Date of Allotment (on or about) | Fri, Jul 15, 2022 |
| Date of Credit (on or about) | Thu, Jul 21, 2022 |
| Date of Listing (on or about) | Fri, Jul 22, 2022 |
You can apply for Kallam Textiles Rights Issue 2022 in two ways:
Steps to apply for Kallam Textiles Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Kallam Textiles Rights Issue 2022 using Registrar's website (R-WAP)
