₹510.00 Crores | Listing at BSE, NSE | Fri, Feb 21, 2025 - Tue, Mar 4, 2025
Thangamayil Jewellery Ltd Rights Issue comprises 0.3643 Cr equity shares aggregating to ₹510.00 Cr, offered at an issue price of ₹1400 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 11, 2025, with the Rights Issue being offered in the entitlement ratio of 2 : 15.
The term of payment is defined as following : The total amount will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 10, 2025.
The Rights Issue opens on Feb 21, 2025, and closes on Mar 4, 2025, with renunciation of Rights Entitlements permitted up to Feb 25, 2025.
The deemed date of allotment is Mar 10, 2025, following which the equity shares are expected to be credited to demat accounts on Mar 12, 2025 and listed at the NSE and the BSE on Mar 18, 2025.
Sundae Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Thangamayil Jewellery Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Feb 11, 2025
Entitlement Ratio
2 : 15
Open Date
Fri, Feb 21, 2025
Close Date
Tue, Mar 4, 2025
The total amount will be payable on application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,481.1 | 1,246.56 |
| Revenue | 3,832.18 | 3,155.9 |
| Profit After Tax | 123.24 | 79.74 |
| Amount in ₹ Crore | ||
Incorporated in 2010, Thangamayil Jewellery Limited is engaged in the business of selling gold and diamond jewellery.
The company sells jewellery made of silver, platinum, precious and semi-precious stones, along with customised jewellery, gold and silver coins, and silver utensils.
The company offers a range of traditional, contemporary, and combination jewellery designs, with inventory tailored to regional preferences in gold, diamond, and other jewellery types.
Under the brand “ Thangamayil,” the company offers various registered jewellery designs and collections, including Subiksham, Minimini Diamonds, Sayonee, Omana, Punnagai, BeU, and others to meet diverse customer needs.
The company operates at a PAN India level, with a strong presence in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Mumbai, Gujarat, and West Bengal. It manufactures gold and silver jewellery at its facilities in Madurai for sale in its showrooms.
As of January 31, 2025, the company had 2,445 employees employed across all locations.
The Company proposes to utilize the Net Proceeds from the Issue towards funding of the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and selling gold and diamond jewellery. It also sells jewellery made from silver, precious and semi-precious metals and stones. The company marked growth in its top and bottom lines for FY23 and FY24. Based on its financial performance, the issue appears fully priced. Investors may park funds for medium to long term considering a discount of around 17.7% based on its last traded price. Read detail review...
Thangamayil Jewellery Rights Issue 2025 got subscribed by 0.8 times by the end of the bidding period with total bid quantity received by BSE and NSE of 29,30,896 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Mar 04 2025 17:00:00 | 14,34,377 | 14,96,519 | 29,30,896 | 0.80x |
Thangamayil Jewellery Ltd
124,
Nethaji Road,
Madurai - 625 001
Madurai, Tamil Nadu, 625001
The Thangamayil Jewellery Rights Issue 2025 opens on Fri, Feb 21, 2025, and closes on Tue, Mar 4, 2025.
Thangamayil Jewellery Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Thu, Feb 20, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Feb 25, 2025 |
| Issue Opening Date | Fri, Feb 21, 2025 |
| Issue Closing Date | Tue, Mar 4, 2025 |
| Date of Allotment (on or about) | Mon, Mar 10, 2025 |
| Date of Credit (on or about) | Wed, Mar 12, 2025 |
| Date of Listing (on or about) | Tue, Mar 18, 2025 |
You can apply for Thangamayil Jewellery Rights Issue 2025 in two ways:
Steps to apply for Thangamayil Jewellery Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Thangamayil Jewellery Rights Issue 2025 using Registrar's website (R-WAP)
