Bannari Amman Spinning Mills Ltd Right Issue

₹40.71 Cr BSE, NSE 13 May 2025 – 26 May 2025

Closed Ratio: 10 : 43 BSE, NSE
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Issue Price
₹27.00
Face Value
₹5.00
Issue Size (Shares)
15,079,504
Issue Size (₹ Cr.)
₹40.71
📅 Right Issue Timetable
Last Date to Buy SharesTue, Apr 29, 2025
Record DateWed, Apr 30, 2025
Credit of Rights EntitlementsTue, May 6, 2025
Bid/Offer Opens OnTue, May 13, 2025
Issue Open DateTue, May 13, 2025
Renunciation Last DateMon, May 19, 2025
Bid/Offer Closes OnMon, May 26, 2025
Issue Close DateMon, May 26, 2025
Deemed Date of AllotmentFri, May 30, 2025
Credit DateThu, Jun 5, 2025
Listing DateMon, Jun 9, 2025
📋 Right Issue Details
Issue Size (Shares)15,079,504
Issue Size (Amount)₹40.71 Cr.
Issue Price₹27.00 per share
Face Value₹5.00 per share
Entitlement Ratio10 : 43
Listing AtBSE, NSE
Terms of PaymentThe entire amount of Rs 27 per right equity share is payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-31FY I
Income942.741,048.91
EBITDA
Net Worth399.29420.79
Reserves & Surplus418.92434.92

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Part Repayment or pre-payment of certain borrowings availed from Lenders by the Company.
2Part Repayment or pre-payment of Inter-Corporate Deposit availed by the Company from Murugan Enterprise Private Limited, one of the Promoters of our Company; and General Corporate purposes.
🏢 About the Company
Incorporated in 1989, Bannari Amman Spinning Mills Ltd. has evolved into a fully vertically integrated textile manufacturer, specialising in the spinning, weaving, and processing of cotton yarn. It also manufactures woven and knitted fabrics and is actively involved in wind power generation to support its sustainable energy needs.

The Company’s core operations include:

Manufacturing and marketing of cotton yarn, woven and knitted fabrics, and home textile products
Fabric processing and textile job work services for third parties.
Wind power generation to meet in-house power requirements.
The company's Tamil Nadu manufacturing facilities are supported by utilities like water power and effluent treatment. Each unit has quality control labs run by specialised teams to ensure high standards in production.

By following strict quality controls and international standards, the Company has expanded its presence in global markets like the United States, Italy, Turkey, Bangladesh, and Sri Lanka.
📞 Company Contact
CompanyBannari Amman Spinning Mills Ltd
Address252
Mettupalayam Road,
Coimbatore• 641043
Coimbatore, Tamil Nadu, 641043
Phone0422243555
Emailshares@bannarimills.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailbannari.rights2024@linkintime.co.in
WebsiteVisit ↗