Bannari Amman Spinning Mills Right Issue

Name: Bannari Amman Spinning Mills IPO
Item: Bannari Amman Spinning Mills Right Issue
Rating: 3.5
Author: Team TopShareBrokers

Right Issue Status: Closed [20th Sep 2021 to 4th Oct 2021]

Rated 3.5/5 by Team TopShareBrokers

Bannari Amman Spinning Mills Ltd right issue of 33333333 shares worth issue size of Rs. 100 Cr opens for subscription from 20 Sep to 4 October 2021. The company issues 21 right equity shares for every 20 fully paid-up equity shares held as on the record date, 9 Sep 2021. The right issue price is Rs. 30 per share and the full amount is payable on the application.

Bannari Amman Spinning Mills Right Issue Objective

To make repayment and/or prepayment of Inter-corporate deposits availed by the company from Murugan Enterprise Pvt Ltd,
Part repayment/pre-payment, or pre-payment of secured loans availed from lenders.

Bannari Amman Spinning Mills Right Issue Details

Bannari Amman Spinning Mills Issue Details	Values
Category	RightIssue
Right Issue Issue Size (Shares)	3,33,33,333 shares Eq Shares
Right Issue Issue Size (Amount)	₹100 Cr
Face Value	₹5 Per Equity Share
Right Issue - Issue Price	₹30 per share
Right Issue Record Date	9th Sep 2021
Right Issue Entitlement	21 rights equity share(s) for every 20 fully paid-up equity share held on record date
Right Issue Terms of payment	The full amount of Rs. 30 issue price per Rights Equity Share shall be payable on application.
Listing At	BSE, NSE
BSE Code	532674
NSE Code	BASML

Bannari Amman Spinning Mills Right Issue Dates

In this section we have covered all important dates related to Bannari Amman Spinning Mills Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Bannari Amman Spinning Mills Right Issue important dates
Right Issue Activity	Date
Right Issue Issue Open Date	20th Sep 2021
Right Issue Issue Close Date	4th Oct 2021
Basis of Allotment Finalisation Date*	11th Oct 2021
Refunds Initiation*	12th Oct 2021
Credit of Shares to Demat Account*	13th Oct 2021
Right Issue Listing Date*	14th Oct 2021

* - Tentative Dates

Save 60% to 90% Brokerage

Start your investment journey with India's number one discount broker - Zerodha. Free delivery trade and free mutual funds Investment. Flat Rs 20 for Intraday,F&O, Currency and Commodity Trade.
Open Account Now

About Company - Bannari Amman Spinning Mills

Bannari Amman Spinning Mills Ltd, A South-India-based company is engaged in the business of manufacturing, trading, distribution, and service-related activities in different sectors i.e. textiles, automobile distribution, food processing, etc. It is a fully vertically integrated textile company that manufactures, spins, weaves, and processes cotton yarn.

The principal line of business is manufacturing and marketing cotton yarn, home textile products, woven and knitted fabrics, knitted garments, along with fabrics processing and retailing garments. The company not just supplies products in India but also exports to other countries i.e. England, China, Israel, Cameroon, Tanzania, United States of America, Germany, Spain, Japan, Italy, Korea, Thailand, Myanmar, Portugal, Egypt, Canada, Indonesia, Australia, Bangladesh, Hong Kong, Vietnam, Kenya, Sri Lanka, Poland, etc.

All of the manufacturing facilities are situated in the state of Tamil Nadu, India.

Bannari Amman Spinning Mills Right Issue Strengths

Long-standing market presence in the textile industry.
Strong long-term relationships with customers.
Comprehensive product portfolio to serve diverse segments of the textile industry.
International market presence in domestic and overseas markets.
Experienced promoters and managerial team.

Bannari Amman Spinning Mills Financials

Past performance and financial results of Bannari Amman Spinning Mills.

Bannari Amman Spinning Mills Financials	31-Mar-2021	31-Mar-2020	31-Mar-2019
Total Assets	₹1,114.82 Cr	₹1,247.33 Cr	₹1,263.37 Cr
Total Income	₹1,023.70 Cr	₹1,152.34 Cr	₹1,183.34 Cr
Net Profit/Loss	₹(10.87) Cr	₹(6.2) Cr	₹(23.71) Cr

Company Address

Bannari Amman Spinning Mills Limited
252, Mettupalayam Road,
Coimbatore,Tamil Nadu- 641 043
India
Website: http://www.bannarimills.com/
Phone: +91 422 243 5555
Email: [email protected]

Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Lead Manager

Saffron Capital Advisors Private Limited

Bannari Amman Spinning Mills Right Issue Offer Document (Letter of Offer) >>Document

Bannari Amman Spinning Mills Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Bannari Amman Spinning Mills Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Bannari Amman Spinning Mills? Should I apply in Bannari Amman Spinning Mills Right Issue?

Last Updated on 2021-10-18T09:52:37+00:00