₹69.95 Crores | Listing at BSE | Mon, Mar 15, 2021 - Tue, Mar 30, 2021
Rajapalayam Mills Limited Rights Issue comprises 0.1229 Cr equity shares aggregating to ₹69.95 Cr, offered at an issue price of ₹569 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 5, 2021, with the Rights Issue being offered in the entitlement ratio of 1:6.
As per the terms of payment, ₹569 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 12, 2021.
The Rights Issue opens on Mar 15, 2021, and closes on Mar 30, 2021, with renunciation of Rights Entitlements permitted up to Mar 24, 2021.
The deemed date of allotment is Apr 8, 2021, following which the equity shares are expected to be credited to demat accounts on Apr 9, 2021 and listed on the BSE on Apr 13, 2021.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Rajapalayam Mills Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Mar 5, 2021
Entitlement Ratio
1 : 6
Open Date
Mon, Mar 15, 2021
Close Date
Tue, Mar 30, 2021
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | ||
| Total Revenue | 3,663.47 | 4,284.07 | |
| Profit After Tax | 920.68 | 1,044.75 | |
| Net Worth | 17,888 | 17,012.26 | |
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) wind power facilities, which it uses for its captive consumption. This helps the Company to control its power costs.
[Dilip Davda] This issue is worth subscribing with a medium to long term perspective as the company has good fundamentals as well as steady growth. Post expansion, it will be set for speedy growth in its working. Read detail review...
Rajapalayam Mills Limited
Rajapalayam Mills Premises, Post Box No. 1,
P.A.C. Ramaswamy Road,
Rajapalayam - 626117
The Rajapalayam Mills Rights Issue opens on Mon, Mar 15, 2021, and closes on Tue, Mar 30, 2021.
Rajapalayam Mills Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Mar 12, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Mar 24, 2021 |
| Issue Opening Date | Mon, Mar 15, 2021 |
| Issue Closing Date | Tue, Mar 30, 2021 |
| Date of Allotment (on or about) | Thu, Apr 8, 2021 |
| Date of Credit (on or about) | Fri, Apr 9, 2021 |
| Date of Listing (on or about) | Tue, Apr 13, 2021 |
You can apply for Rajapalayam Mills Rights Issue in two ways:
Steps to apply for Rajapalayam Mills Rights Issue using Net Banking (ASBA)
Steps to apply for Rajapalayam Mills Rights Issue using Registrar's website (R-WAP)
