Bannari Amman Spinning Mills Limited Right Issue

₹100.00 Cr BSE, NSE 20 Sep 2021 – 4 Oct 2021

Closed BSE, NSE
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Issue Price
₹30.00
Face Value
₹5.00
Issue Size (Shares)
33,333,333
Issue Size (₹ Cr.)
₹100.00
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateThu, Sep 9, 2021
Credit of Rights EntitlementsFri, Sep 17, 2021
Bid/Offer Opens OnMon, Sep 20, 2021
Issue Open DateMon, Sep 20, 2021
Renunciation Last DateTue, Sep 28, 2021
Bid/Offer Closes OnMon, Oct 4, 2021
Issue Close DateMon, Oct 4, 2021
Deemed Date of AllotmentMon, Oct 11, 2021
Credit DateWed, Oct 13, 2021
Listing DateThu, Oct 14, 2021
📋 Right Issue Details
Issue Size (Shares)33,333,333
Issue Size (Amount)₹100.00 Cr.
Issue Price₹30.00 per share
Face Value₹5.00 per share
Entitlement Ratio
Listing AtBSE, NSE
Terms of PaymentThe entire amount of the Issue Price of Rs.30 per Rights Equity Share shall be payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-312019-03-31
Income10,236.9711,523.4211,833.41
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Part repayment or prepayment of Inter-Corporate Deposits availed by the company from Murugan Enterprise Private Limited, one of the Promoters; and
2Part repayment/ Pre-payment of certain secured loans availed from lenders.
🏢 About the Company
Incorporated in 1989, Bannari Amman Spring Mills offers a wide spectrum of manufacturing, trading, distribution, and service-related activities in sectors like textiles, food processing, automobile distribution, etc . The company’s product categories cater to various segments of the textile industry such as - Spinning, Weaving, Knitting, Processing, garments, Home Textiles, Windmills, and Retail.

The company’s strict compliance with the internal quality control and international standards of quality has enabled them to expand its operations internationally. The company has nine manufacturing units, all based out of Tamil Nadu in India.
📞 Company Contact
CompanyBannari Amman Spinning Mills Limited
Address252, Mettupalayam Road,
Coimbatore - 641 043,
Tamil Nadu, India
Indi, Karnataka, 641043
Phone+91 422 243 5555
Emailshares@bannarimills.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd.
Phone022-49186000
Emailbannari.rights@linkintime.co.in
WebsiteVisit ↗