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

March 15, 2021 - March 30, 2021
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) wind power facilities, which it uses for its captive consumption. This helps the Company to control its power costs.

Rajapalayam Mills Rights Issue Detail

Issue Open March 15, 2021 - March 30, 2021
Security Name Rajapalayam Mills Limited
Issue Size (Shares) 1,229,360
Issue Size (Amount) ₹69.95 Crores
Issue Price ₹569 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The Issue Price of ₹569 per Rights Equity Share shall be payable in entirety at the time of making the application.
Entitlement 1 Rights Equity Share for every 6 Fully Paid-up equity shares held on the Record Date

Rajapalayam Mills Rights Issue Issue Timetable

Record Date March 5, 2021
Credit of Rights Entitlements March 12, 2021
Bid/Offer Opens On March 15, 2021
Renunciation of Rights Entitlements March 24, 2021
Bid/Offer Closes On March 30, 2021
Deemed Date of Allotment April 8, 2021
Credit Date April 9, 2021
Listing Date April 13, 2021

Company Financials

Summary of financial Information (Consolidated)
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

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Modernization of the Company’s existing Open End Spinning Machines located at Rajapalayam Mills, Rajapalayam. 2. Setting up a new additional line of mercerization machine in the Company’s Mercerizing Division located at Rajapalayam Mills, Rajapalayam; and 3. General corporate purposes.

Rajapalayam Mills Rights Issue 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

Rajapalayam Mills Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390

Rajapalayam Mills Rights Issue Lead Manager(s)

Rajapalayam Mills Rights Issue FAQs

The Rajapalayam Mills Rights Issue opens on March 15, 2021, and closes on March 30, 2021.

Rajapalayam Mills Rights Issue Schedule

Last Date for credit of Rights EntitlementsMarch 12, 2021
Last Date for renunciation of Rights EntitlementsMarch 24, 2021
Issue Opening DateMarch 15, 2021
Issue Closing DateMarch 30, 2021
Date of Allotment (on or about)April 8, 2021
Date of Credit (on or about)April 9, 2021
Date of Listing (on or about)April 13, 2021

Rajapalayam Mills Rights Issue price is set at ₹569 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share for every 6 Fully Paid-up equity shares held on the Record Date (March 5, 2021).

The record date for the Rajapalayam Mills Rights Issue is March 5, 2021.

The issue size of Rajapalayam Mills Rights Issue is of 1,229,360 equity shares at ₹569 per share aggregating upto ₹69.95 Crores.

The Letter of Offer for Rajapalayam Mills Rights Issue can be download here.

You can apply for Rajapalayam Mills Rights Issue in two ways:

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

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

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

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