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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 Detail

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:-

  1. 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")
  2. Capital expenditure for modernization of existing spinning capacity
  3. 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 EndedTotal AssetsTotal RevenueProfit After Tax
    31-Mar-21952.84429.12-26.63
    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

    1. 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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