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Rajapalayam Mills Limited is part of the South India-based Ramco Group, incorporated in 1936 and founded by P. A. C. Ramasamy Raja. The Company is engaged in the business of manufacturing cotton yarn ranging from 4s to 355s (single/double yarn) and fabrics. Presently, it has four manufacturing facilities for cotton yarn and one manufacturing facility for fabric.
The Company manufactures a wide range of products like Open End yarn, Ring yarn, Compact yarn, TFO yarn, Gassed yarn, Mercerised yarn, Slub yarn, Multi Count yarn, Melange yarn, Dyed High Twist yarn, Core Spun yarn, and Eli twist yarn. Their products are tailor-made to cater to specific customer needs. They sell their products in domestic and international markets.
The Company is also engaged in the generation of electricity from windmills. It has an aggregate installed capacity of 35.15 megawatts (MW) of wind power facilities, which it uses for its captive consumption. This helps the Company to control its power costs.
| Issue Open | January 18, 2023 - February 7, 2023 |
| Security Name | Rajapalayam Mills Limited |
| Issue Size (Shares) | 614,680 |
| Issue Size (Amount) | ₹34.98 Crores |
| Issue Price | ₹569 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being Rs 569/- will be payable on application. |
| Entitlement | 1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date |
| Record Date | December 30, 2022 |
| Credit of Rights Entitlements | January 17, 2023 |
| Bid/Offer Opens On | January 18, 2023 |
| Renunciation of Rights Entitlements | February 2, 2023 |
| Bid/Offer Closes On | February 7, 2023 |
| Deemed Date of Allotment | February 16, 2023 |
| Credit Date | February 20, 2023 |
| Listing Date | February 23, 2023 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 952.84 | 429.12 | -26.63 |
| 31-Mar-22 | 1250.61 | 705.26 | 38.28 |
| Amount in ₹ Crore | |||
The company intends to utilize the gross proceeds raised through the Issue to part finance the following objects:
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Rajapalayam Mills Limited
Rajapalayam Mills Premises, Post Box No. 1,
P.A.C. Ramaswamy Road,
Rajapalayam - 626117
Phone: +91-4563-235666
Email: rajacot@ramcotex.com
Website: http://www.rajapalayammills.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
The Rajapalayam Mills Rights Issue 2022 opens on January 18, 2023, and closes on February 7, 2023.
Rajapalayam Mills Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | January 17, 2023 |
| Last Date for renunciation of Rights Entitlements | February 2, 2023 |
| Issue Opening Date | January 18, 2023 |
| Issue Closing Date | February 7, 2023 |
| Date of Allotment (on or about) | February 16, 2023 |
| Date of Credit (on or about) | February 20, 2023 |
| Date of Listing (on or about) | February 23, 2023 |
Rajapalayam Mills Rights Issue 2022 price is set at ₹569 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date (December 30, 2022).
The record date for the Rajapalayam Mills Rights Issue 2022 is December 30, 2022.
The issue size of Rajapalayam Mills Rights Issue 2022 is of 614,680 equity shares at ₹569 per share aggregating upto ₹34.98 Crores.
The Letter of Offer for Rajapalayam Mills Rights Issue 2022 can be download here.
You can apply for Rajapalayam Mills Rights Issue 2022 in two ways:
Steps to apply for Rajapalayam Mills Rights Issue 2022 using Net Banking (ASBA)
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 Rajapalayam Mills Rights Issue 2022 using Registrar's website (R-WAP)
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