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Thambbi Modern Spinning Mills Ltd. Rights Issue (Thambbi Modern Spinning Mills Rights Issue 2022) Detail

Dec 29, 2022 - Jan 12, 2023
Thambbi Modern Spinning Mills Ltd. Logo

Thambbi Modern Spinning Mills Limited is in the business of spinning and weaving different types of fibres and yarns. The Company also involves in the trading of cotton and yarns.

The Textiles manufacturing activity of the company was closed in March'2014. The company has leased out its buildings to generate income.

The company's objective is to:

To comb, prepare, spin and deal in cotton, waste cotton, wool, silk, artificial silk, staple fibre, rayon, flax, hemp, jute and other fibrous substance; to weave or otherwise manufacture cloth, silk, linen, mercerised yarn and other goods and fabrics, whether textiles, felted, netted or looped and sell any such goods manufactured whether in wholesale or in retail.

To carry on the business of buying and selling cotton yarn, cotton, waste cotton, silk, artificial silk, staple fibre, rayon, flax, hemp, jute, worsted and woollen merchants; of yarn merchants and buyers, sellers, dealers, commission agents, brokers, exporters and importers, whether in wholesale or retail of cotton, cotton yarn, waste cotton and cloth, linen, silk, artificial silk, staple fibre, mercerised yarn, yarn, flax, hemp, jute, wool and other fibrous substances.

To purchase, sell, develop, maintain, take in exchange, or on a lease, hire or otherwise acquire, whether for investment or sale or working the same any real or personal estate including lands, mines, business, buildings, factories, commercial property.

Thambbi Modern Spinning Mills Rights Issue 2022 Detail

Issue Open Dec 29, 2022 - Jan 12, 2023
Security Name Thambbi Modern Spinning Mills Ltd.
Issue Size (Shares) 5,762,770
Issue Size (Amount) ₹5.76 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment
Entitlement 1 Rights Share for every 1 Equity Shares held as on Record Date

Thambbi Modern Spinning Mills Rights Issue 2022 Issue Timetable

Record Date Dec 16, 2022
Credit of Rights Entitlements Dec 22, 2022
Bid/Offer Opens On Dec 29, 2022
Renunciation of Rights Entitlements Jan 6, 2023
Bid/Offer Closes On Jan 12, 2023
Deemed Date of Allotment Jan 20, 2023
Credit Date Jan 24, 2023
Listing Date Jan 25, 2023

Company Financials

Thambbi Modern Spinning Mills Ltd. Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2016.121.93-2.18
31-Mar-2115.642.48-1.65
31-Mar-2214.642.23-5.1
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

1) Part repayment or prepayment of unsecured loans availed by our Company from Ramasamy Udayar Jagadeesan, being a Promoter of the Company.

2) General Corporate Purposes

Thambbi Modern Spinning Mills Rights Issue 2022 Documents

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Company Contact Information

Thambbi Modern Spinning Mills Ltd.
Omalur Road,
Jagir Ammapalayam,
Salem - 636302

Phone: 0427–2345425
Email: tmsml@thambbimodern.com
Website: https://www.thambbimodern.com/index.php

Thambbi Modern Spinning Mills Rights Issue 2022 Registrar

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

Thambbi Modern Spinning Mills Rights Issue 2022 Lead Manager(s)

Thambbi Modern Spinning Mills Rights Issue 2022 FAQs

The Thambbi Modern Spinning Mills Rights Issue 2022 opens on Dec 29, 2022, and closes on Jan 12, 2023.

Thambbi Modern Spinning Mills Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsDec 22, 2022
Last Date for renunciation of Rights EntitlementsJan 6, 2023
Issue Opening DateDec 29, 2022
Issue Closing DateJan 12, 2023
Date of Allotment (on or about)Jan 20, 2023
Date of Credit (on or about)Jan 24, 2023
Date of Listing (on or about)Jan 25, 2023

Thambbi Modern Spinning Mills Rights Issue 2022 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 1 Rights Share for every 1 Equity Shares held as on Record Date (Dec 16, 2022).

The record date for the Thambbi Modern Spinning Mills Rights Issue 2022 is Dec 16, 2022.

The issue size of Thambbi Modern Spinning Mills Rights Issue 2022 is of 5,762,770 equity shares at ₹10 per share aggregating upto ₹5.76 Crores.

The Letter of Offer for Thambbi Modern Spinning Mills Rights Issue 2022 can be download here.

You can apply for Thambbi Modern Spinning Mills Rights Issue 2022 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Thambbi Modern Spinning 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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