Bannari Amman Spinning Rights Issue dates 13 – 26 May 2025.
Incorporated in 1989, Bannari Amman Spinning Mills is a flagship company of the Bannari Amman Group, based in South India. The company operates across a diverse range of sectors, including textiles, food processing, and automobile distribution. Bannari Amman Spinning Mills is primarily involved in the manufacturing, spinning, weaving, and processing of cotton yarn. Additionally, the company produces woven and knitted fabrics, and home textile products, and engages in wind power generation. Its core business focuses on manufacturing and marketing cotton yarn, woven and knitted fabrics, and processed textiles.
Bannari Amman Spinning Mills has its manufacturing units and facilities located in Tamil Nadu, with a total installed capacity of 1,45,440 spindles for producing combed knitted yarn and compact yarn for weaving. The company has also expanded its operations internationally, catering to markets in the United States of America, Italy, Turkey, Bangladesh, Sri Lanka, and other countries.
As of 20 December 2024, Bannari Amman Spinning Mills has a total of 3,229 employees, including the Directors.
Promoters of Bannari Amman Spinning Mills – Sangampalayam Vedanayagam Arumugam, Murugan Enterprise Private Limited, and Sakthi Murugan Transports Private Limited
Table of Contents
Bannari Amman Spinning Mills Rights Issue Details
| Bannari Amman Spinning Rights Issue Date | 13 – 26 May 2025 |
| Bannari Amman Spinning Rights Issue Price | INR 27 per share |
| Issue Size (in Shares) | 1,50,79,504 shares |
| Issue Size (in INR) | INR 40.7 crore |
| Issue Entitlement | 10 equity shares for every 43 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Bannari Amman Spinning Rights Issue Record Date | 30 April 2025 |
| Face Value | INR 5 per share |
| Listing On | NSE, BSE |
Bannari Amman Spinning Rights Issue Calculation
| Bannari Amman Spinning Rights Issue Price | INR 27 per share |
| Market Price on Rights Issue Approval | INR 36.49 per share |
| Dilution Factor (X) | 1.23 |
| Fair Value After Dilution at Prevailing Price | INR 34.7 per share |
Bannari Amman Spinning Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 1,560 | 1,398 | 924 |
| Expenses | 1,393 | 1,346 | 894 |
| Operating Margin (%) | 11.0 | 4.0 | 3.0 |
| Net Income | 56.20 | (22.65) | (14.14) |
| ROCE (%) | 14.0 | 2.0 | 2.0 |
Bannari Amman Spinning Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Part repayment or pre-payment of certain borrowings availed from lenders by the company
- Part repayment or pre-payment of Inter-Corporate Deposit availed by the company from Murugan Enterprise, one of the promoters of the company
- General corporate purposes
Bannari Amman Spinning Rights Offer Documents
- Bannari Rights Issue Application Form
- Bannari Amman Spinning Letter of Offer
- Board Meeting Outcome
- Bannari Amman Spinning Mills Draft Letter of Offer
- Rights Issue in 2024
Bannari Amman Spinning Rights Issue Dates
| Rights Issue Approval Date | 24 April 2025 |
| Rights Issue Record Date | 30 April 2025 |
| Credit of Rights Entitlement | 6 May 2025 |
| Rights Issue Opening Date | 13 May 2025 |
| Last Date for Market Renunciation | 19 May 2025 |
| Rights Issue Closing Date | 26 May 2025 |
| Finalization of Basis of Allotment | 30 May 2025 |
| Rights Allotment Date | 30 May 2025 |
| Credit Date | 5 June 2025 |
| Listing Date | 9 June 2025 |
Bannari Amman Spinning Rights Offer Lead Manager
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com
Bannari Amman Spinning Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Tel: : +91 8108114949
E-mail: [email protected]
Website: www.linkintime.co.in
Bannari Amman Spinning Contact Details
BANNARI AMMAN SPINNING MILLS LIMITED
252, Mettupalayam Road, Coimbatore
– 641 043, Tamil Nadu, India
Phone: +91 422 243 5555
Email: [email protected]
Website: www.bannarimills.com
Bannari Amman Spinning Rights Offer FAQs
What is the Bannari Amman Spinning Rights Issue Price?
The issue price is INR 27 per share.
What is the Bannari Amman Spinning Rights Issue entitlement ratio?
The eligible shareholders are offered 10 Equity Shares for every 43 Equity Shares held on the record date.
What is the Bannari Amman Spinning Rights Issue Record Date?
The Record date is 30 April 2025.
How to Apply in Bannari Amman Spinning Rights Offer?
The best way to apply in Bannari Amman Spinning Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.