Right Issue Status: Open [18th Jan 2023 to 7th Feb 2023]
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.
They intend to utilize the gross proceeds raised through the Issue:-
|Rajapalayam Mills Issue Details||Values|
|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.|
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.
|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
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.
Past performance and financial results of Rajapalayam Mills.
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
|Amount in ₹ Crore|
Rajapalayam Mills Right Issue Offer Document (Letter of Offer) >>Document
Rajapalayam Mills Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2023-01-16T11:03:10+00:00
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