Right Issue Status: Closed [29th Dec 2022 to 12th Jan 2023]
Thambbi Modern Spinning Mills Limited. offers Rights Issue size of Rs 5.76 Cr. Opening subscription from 29 Dec 2022 to 12 Jan 2023. The company issues 01 right equity shares for every 01 equity shares held on the record date of 16 Dec 2022 . The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs.10 per share. The listing will be done on BSE.
Stay updated with us to know more about the Thambbi Modern Spinning Ltd Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
This Company proposes to utilise the Net Proceeds towards funding of the following objects:
|Thambbi Modern Spinning Mills Issue Details||Values|
|Right Issue Issue Size (Shares)||5,762,770 Eq Shares|
|Right Issue Issue Size (Amount)||₹5.76 Cr|
|Face Value||₹10 Per Equity Share|
|Right Issue - Issue Price||₹10 per share|
|Right Issue Record Date||16th Dec 2022|
|Right Issue Entitlement||1 Rights Share for every 1 Equity Shares held as on Record Date|
|Right Issue Terms of payment||Full amount of Rs. 10/- per Equity Share to be payable on application|
In this section we have covered all important dates related to Thambbi Modern 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.
|Right Issue Activity||Date|
|Right Issue Issue Open Date||29th Dec 2022|
|Right Issue Issue Close Date||12th Jan 2023|
|Basis of Allotment Finalisation Date*||19th Jan 2023|
|Refunds Initiation*||20th Jan 2023|
|Credit of Shares to Demat Account*||24th Jan 2023|
|Right Issue Listing Date*||25th Jan 2023|
* - Tentative Dates
The Company was promoted by Mr.N.Ramasamy Udayar by the year 1977. The Company is in the business of spinning and weaving of different type of fibers and yarns. The Company also involves in trading of cotton and yarns. The company started operations with an installed capacity of 3160 spindles which has over the years increased to 35358 spindles (as on Mar. 96). It has enhanced its spinning capacity by setting up a new unit with 5040 spindles at Salem which has since gone ons tream.
Artificial silk, prepare, spin and deal in cotton, waste cotton, wool, silk, Comb, silk, staple fibre, rayon, flax, hemp, jute and other fibrous substance; to weave or otherwise manufacture cloth, silk, linen, mercerised yarn and other goods and fabrics, whether textiles, felted, netted or looped and sell any such goods manufactured whether in wholesale or in retail.
To carry on the business of buying and selling cotton yarn, cotton, waste cotton, silk, artificial silk, staple fibre, rayon, flax, hemp, jute, worsted and woollen merchants; of yarn merchants and buyers, sellers, dealers, commission agents, brokers, exporters and importers, whether in whole sale or retail of cotton, cotton yarn, waste cotton and cloth, linen, silk, artificial silk, staple fibre, mercerised yarn, yarn, flax, hemp, jute, wool and other fibrous substances.
The company directly exports its yarn to various textile manufacturers in Europe Israel and Turkey.The company is in the process of developing new products in the near future.
Past performance and financial results of Thambbi Modern Spinning Mills.
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
|Amount in ₹ Crore|
Thambbi Modern Spinning Mills Right Issue Offer Document (Letter of Offer) >>Document
Thambbi Modern Spinning Mills Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2022-12-30T10:48:11+00:00
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