TopShareBrokers.com Logo
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Loading...

Thambbi Modern Spinning Mills Rights Issue Details 2022, Record Date, Entitlement

Right Issue Status: Closed [29th Dec 2022 to 12th Jan 2023]

Rated 3 stars Rated 3/5 by Team TopShareBrokers

Thambbi Modern Spinning Mills Right Issue Detail

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.

Thambbi Modern Spinning Mills Right Issue Objective

This Company proposes to utilise the Net Proceeds towards funding of the following objects:

  • Part repayment or prepayment of unsecured loans availed by our Company from Ramasamy Udayar Jagadeesan, being a Promoter of our Company
  • General corporate purposes

Thambbi Modern Spinning Mills Right Issue Details

Thambbi Modern Spinning Mills Issue Details Values
Category RightIssue
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
Listing At BSE
BSE Code 514484
NSE Code

Thambbi Modern Spinning Mills Right Issue Dates

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.

Thambbi Modern Spinning Mills Right Issue important dates
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

  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
  • Risk Free Account Opening
  • About Company - Thambbi Modern Spinning Mills

    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.

    Thambbi Modern Spinning Mills Right Issue Strengths

    • Experienced Management Team
    • Existing Buildings are leased out to earn rental income

    Thambbi Modern Spinning Mills Financials for past 3 Years

    Past performance and financial results of Thambbi Modern Spinning Mills.

    Thambbi Modern Spinning Mills Limited Financial
    Period EndedTotal AssetsTotal RevenueProfit After Tax
    31-Mar-2016.121.93-2.18
    31-Mar-2115.642.48-1.65
    31-Mar-2214.642.23-5.1
    Amount in ₹ Crore

    Company Address

    Thambbi Modern Spinning Mills Limited
    Omalur Road, Jagir Ammapalayam
    Salem,TamilNadu-636302
    India
    Website: https://www.thambbimodern.com/index.php
    Phone: 0427 2345 425
    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

    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

    Thambbi Modern 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 Thambbi Modern Spinning Mills? Should I apply in Thambbi Modern Spinning Mills Right Issue?

    Last Updated on 2022-12-30T10:48:11+00:00


    User Reviews

    No feedback found for this broker. Be the first to post the review.