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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) wind power facilities, which it uses for its captive consumption. This helps the Company to control its power costs.
| Issue Open | Mar 15, 2021 - Mar 30, 2021 |
| Security Name | Rajapalayam Mills Limited |
| Issue Size (Shares) | 0.12 Crores |
| Issue Size (Amount) | ₹69.95 Crores |
| Issue Price | ₹569 per share |
| Face Value | ₹10 per share |
| Minimum Lot size | |
| Market Lot | 1 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 |
| Bid/Offer Opens On | Mar 15, 2021 |
| Bid/Offer Closes On | Mar 30, 2021 |
| Record Date | Mar 5, 2021 |
| Deemed Date of Allotment | Apr 8, 2021 |
| Renunciation of Rights Entitlements | Mar 24, 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 | |
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.
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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://online.cameoindia.com/
The Rajapalayam Mills Rights Issue opens on Mar 15, 2021, and closes on Mar 30, 2021.
Rajapalayam Mills Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Mar 12, 2021 |
| Last Date for renunciation of Rights Entitlements | Mar 24, 2021 |
| Issue Opening Date | Mar 15, 2021 |
| Issue Closing Date | Mar 30, 2021 |
| Date of Allotment (on or about) | Apr 8, 2021 |
| Date of Credit (on or about) | Apr 9, 2021 |
| Date of Listing (on or about) | Apr 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 (Mar 5, 2021).
The record date for the Rajapalayam Mills Rights Issue is Mar 5, 2021.
The issue size of Rajapalayam Mills Rights Issue is of 0.12 Crores 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:
Steps to apply for Rajapalayam Mills Rights Issue 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 using Registrar's website (R-WAP)
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
