Rajapalayam Mills Right Issue Details 2022, Entitlement, Record date

Right Issue Status: Open [18th Jan 2023 to 7th Feb 2023]

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Rajapalayam Mills right issue of issue size Rs 34.98 Cr opens for subscription soon. The company will issue 1 right equity share for every 14 fully paid-up equity shares held on the record date, 30 Dec 2022. The face value is Rs 10 per share and the right issue price is fixed at Rs 569 per share. The full amount of Rs 569 per share is payable on the Application. Stay updated with us to know more aboutRajapalayam Mills Right issue details 2022 including issue size, right issue entitlement, terms of payment, and more.

Rajapalayam Mills Right Issue Objective

They intend to utilize the gross proceeds raised through the Issue:-

Capital expenditure for enhancement of fabric division capacity comprise of (i) installation of additional 166 looms ("Looms Expansion") and (ii) installation of fabric finishing infrastructure ("Fabric Processing")
Capital expenditure for modernization of existing spinning capacity
Capital expenditure for setting up of electrical infrastructure capacity to support existing and proposed infrastructure

Rajapalayam Mills Right Issue Details

Rajapalayam Mills Issue Details	Values
Category	RightIssue
Right Issue Issue Size (Shares)	614,680 shares Eq Shares
Right Issue Issue Size (Amount)	₹34.98 Cr
Face Value	₹10 Per Equity Share
Right Issue - Issue Price	₹569 per share
Right Issue Record Date	30th Dec 2022
Right Issue Entitlement	1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date
Right Issue Terms of payment	The full amount of the Issue Price being Rs 569/- will be payable on application.
Listing At	BSE
BSE Code	532503
NSE Code

Rajapalayam Mills Right Issue Dates

In this section we have covered all important dates related to Rajapalayam 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.

Rajapalayam Mills Right Issue important dates
Right Issue Activity	Date
Right Issue Issue Open Date	18th Jan 2023
Right Issue Issue Close Date	7th Feb 2023
Basis of Allotment Finalisation Date*	14th Feb 2023
Refunds Initiation*	16th Feb 2023
Credit of Shares to Demat Account*	20th Feb 2023
Right Issue Listing Date*	23rd Feb 2023

* - Tentative Dates

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About Company - Rajapalayam Mills

Rajapalayam Mills, a part of Ramco Group is engaged in the business of manufacturing cotton yarn from 4s to 355s single and double yarn, and fabrics. The firm manufactures a range of products like open-end yarn, TFO yarn, Gassed yarn, Mercerised yarn, Slub yarn, multi count yarn, Dyed high twist yarn, and others. The firm sells its products in domestic as well as international markets. It is also engaged in generating electricity from windmills with an aggregated installed capacity of 35.15 megawatts.

Rajapalayam Mills Right Issue Strengths

Established market presence in finer count yarn segment
Extensive experience of Management Team
Established Marketing Setup
Captive Power Plant

Rajapalayam Mills Financials for past 3 Years

Past performance and financial results of Rajapalayam Mills.

Rajapalayam Mills Limited Financial
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	952.84	429.12	-26.63
Amount in ₹ Crore

Company Address

Rajapalayam Mills Limited
Rajapalayam Mills Premises, Post Box No. 1,
P.A.C. Ramaswamy Road,,Rajapalayam-626117

Website: http://www.rajapalayammills.co.in/
Phone: +91-4563-235666
Email: [email protected]

Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: https://ipo.cameoindia.com/
Phone: +91-44-28460390
Email: [email protected]

Lead Manager

Vivro Financial Services Private Limited

Rajapalayam Mills Right Issue Offer Document (Letter of Offer) >>Document

Rajapalayam Mills Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Rajapalayam 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 Rajapalayam Mills? Should I apply in Rajapalayam Mills Right Issue?

Last Updated on 2023-01-16T11:03:10+00:00

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