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Rajapalayam Mills Limited Rights Issue (Rajapalayam Mills Rights Issue 2022) Detail

Jan 18, 2023 - Feb 7, 2023
Rajapalayam Mills Limited Logo

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.

Rajapalayam Mills Rights Issue 2022 Detail

Issue Open Jan 18, 2023 - Feb 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

Rajapalayam Mills Rights Issue 2022 Issue Timetable

Record Date Dec 30, 2022
Credit of Rights Entitlements Jan 17, 2023
Bid/Offer Opens On Jan 18, 2023
Renunciation of Rights Entitlements Feb 2, 2023
Bid/Offer Closes On Feb 7, 2023
Deemed Date of Allotment Feb 16, 2023
Credit Date Feb 20, 2023
Listing Date Feb 23, 2023

Company Financials

Rajapalayam Mills Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21952.84429.12-26.63
31-Mar-221250.61705.2638.28
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the gross proceeds raised through the Issue to part finance the following objects:

  1. Capital expenditure for enhancement of fabric division capacity comprises of (i) installation of additional 166 looms ("Looms Expansion") and (ii) installation of fabric finishing infrastructure ("Fabric Processing");
  2. Capital expenditure for modernization of existing spinning capacity; and
  3. Capital expenditure for setting up of electrical infrastructure capacity to support existing and proposed infrastructure

Rajapalayam Mills Rights Issue 2022 Documents

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Company Contact Information

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/

Rajapalayam Mills Rights Issue 2022 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

Rajapalayam Mills Rights Issue 2022 Lead Manager(s)

Rajapalayam Mills Rights Issue 2022 FAQs

The Rajapalayam Mills Rights Issue 2022 opens on Jan 18, 2023, and closes on Feb 7, 2023.

Rajapalayam Mills Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsJan 17, 2023
Last Date for renunciation of Rights EntitlementsFeb 2, 2023
Issue Opening DateJan 18, 2023
Issue Closing DateFeb 7, 2023
Date of Allotment (on or about)Feb 16, 2023
Date of Credit (on or about)Feb 20, 2023
Date of Listing (on or about)Feb 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 (Dec 30, 2022).

The record date for the Rajapalayam Mills Rights Issue 2022 is Dec 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:

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

Steps to apply for Rajapalayam Mills Rights Issue 2022 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 Rajapalayam Mills Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Rajapalayam Mills Rights Issue 2022.
  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 Rajapalayam Mills Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Rajapalayam Mills Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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