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Right Issue Status: Closed [6th Feb 2024 to 21st Feb 2024]
Yarn Syndicate Limited is offering a rights issue of Rs 48.60 Cr. The subscription for this Rights Issue will be opening soon. The company issues entitlement of 24 Rights equity shares for every fully paid-up 5 equity shares held on the record date of 24 Jan 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 27 per share.
Stay connected to know more about the details of Yarn Syndicate Limited Rights Issue 2024, including the issue size, entitlement to rights issue, payment terms and more.
The company intends to utilize the proceeds raised through the Issue ("Gross Proceeds") after deducting the Issue related expenses ("Net Proceeds") for the following objects
| Yarn Syndicate Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.80 Cr Shares |
| Right Issue Issue Size (Amount) | ₹48.60 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹27 per share |
| Right Issue Record Date | 24th Jan 2024 |
| Right Issue Entitlement | 24 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.27/- shall be payable by the eligible shareholders in the following manner: 1. Rs. 13.50 at the time of application and 2. Balance Rs. 13.50 in 1st and Final call, as determined b |
| Listing At | BSE |
| BSE Code | 514378 |
| NSE Code |
In this section we have covered all important dates related to Yarn Syndicate 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 | 6th Feb 2024 |
| Right Issue Issue Close Date | 21st Feb 2024 |
| Basis of Allotment Finalisation Date* | 28th Feb 2024 |
| Refunds Initiation* | 16th Feb 2024 |
| Credit of Shares to Demat Account* | 29th Feb 2024 |
| Right Issue Listing Date* | 4th Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Yarn Syndicate Limited was founded in May 1946. The company became one of the pioneers in exporting all types of yarns i.e. cotton yarn, polyester cotton yarn, polyester viscose yarn, flax yarn, jute yarn, bamboo yarn, organic yarn etc. from India and has become one of the leading exporters of cotton and other types of yarns in the country in the more than four decades since then. The company has emerged as one of the largest exporters of cotton and other yarns and was one of the largest quota holders of EEC countries during the quota regime. Over the past decades, the company has constantly strived to attract new customers while strengthening its business relationships with existing customers/manufacturers. The company strives to maintain the highest standards of product quality and delivery times for its customers.
The products exported by the company are 100% cotton yarns, 100% polyester yarns, 100% viscose yarns, texturized polyester yarns, jute yarns and other types of yarns like flax yarn and raw cotton etc.
The company exports and trades in various types of yarns, raw cotton and fabrics as an exporter and trader and strives to further expand its business in competitive international and domestic markets, always maintaining close business relationships with its existing customers. With decades of experience in export and domestic trade, the company has numerous business contacts in this highly competitive business field. At the same time, the company will continue to add new products to its export and domestic portfolio and open up new markets for the export and trade of its products.
Past performance and financial results of Yarn Syndicate .
Yarn Syndicate Ltd.'s revenue decreased by -95.07% and profit after tax (PAT) dropped by -139.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.18 | 0.45 | 0.36 |
| Revenue | 0.03 | 0.60 | 0.00 |
| Profit After Tax | -0.16 | 0.40 | 0.35 |
| Net Worth | |||
| Reserves and Surplus | -4.17 | -4.01 | -4.41 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Yarn Syndicate Right Issue Offer Document (Letter of Offer) >>Document
Yarn Syndicate Right Issue Offer Document (Letter of Offer) >>Yarn Syndicate Right Issue Red Herring Prospectus is not yet available.
Yarn Syndicate Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Yarn Syndicate Right Issue Online Application (Registrar & Transfer Agent) >>Yarn Syndicate Right Issue RTA information is not yet available.
Last Updated on 2024-02-24T04:33:01+00:00
