Bannari Amman Spinning Rights Issue Dates, Price, Allotment, Entitlement

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Bannari Amman Spinning Rights Issue

Bannari Amman Spinning Rights Issue dates are not finalized.

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.

Bannari Amman Spinning Rights Issue Date

Promoters of Bannari Amman Spinning Mills – Sangampalayam Vedanayagam Arumugam, Murugan Enterprise Private Limited, and Sakthi Murugan Transports Private Limited

Bannari Amman Spinning Mills Rights Issue Details

Bannari Amman Spinning Rights Issue DateComing soon
Bannari Amman Spinning Rights Issue PriceComing soon
Issue Size (in Shares)Coming soon
Issue Size (in INR)INR 50 crore
Issue Entitlementequity shares for every equity shares held on record date
Terms of PaymentFully payable at the time of application
Bannari Amman Spinning Rights Issue Record DateComing soon
Face ValueINR 5 per share
Listing OnNSE, BSE

Bannari Amman Spinning Rights Issue Calculation

Bannari Amman Spinning Rights Issue PriceINR per share
Market Price on Rights Issue ApprovalINR per share
Dilution Factor (X)
Fair Value After Dilution at Prevailing PriceINR per share

Bannari Amman Spinning Financial Performance

 FY 2022FY 2023FY 2024
Revenue1,5601,398924
Expenses1,3931,346894
Operating Margin (%)11.04.03.0
Net Income56.20(22.65)(14.14)
ROCE (%)14.02.02.0
Figures in INR Crores unless specified otherwise

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 Amman Spinning Rights Issue Dates

Rights Issue Approval DateComing soon
Rights Issue Record DateComing soon
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit DateComing soon
Listing DateComing soon

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: rights.issue@saffronadvisor.com
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: bannari.rights2024@linkintime.co.in
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: 
shares@bannarimills.com
Website:
 www.bannarimills.com

Bannari Amman Spinning Rights Offer FAQs

What is the Bannari Amman Spinning Rights Issue Price?

The issue price is INR per share.

What is the Bannari Amman Spinning Rights Issue entitlement ratio?

The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.

What is the Bannari Amman Spinning Rights Issue Record Date?

The Record date is Coming soon.

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.

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