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.
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 | Coming soon |
Bannari Amman Spinning Rights Issue Price | Coming soon |
Issue Size (in Shares) | Coming soon |
Issue Size (in INR) | INR 50 crore |
Issue Entitlement | equity shares for every equity shares held on record date |
Terms of Payment | Fully payable at the time of application |
Bannari Amman Spinning Rights Issue Record Date | Coming soon |
Face Value | INR 5 per share |
Listing On | NSE, BSE |
Bannari Amman Spinning Rights Issue Calculation
Bannari Amman Spinning Rights Issue Price | INR per share |
Market Price on Rights Issue Approval | INR per share |
Dilution Factor (X) | |
Fair Value After Dilution at Prevailing Price | INR 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 | Coming soon |
Rights Issue Record Date | Coming soon |
Credit of Rights Entitlement | Coming soon |
Rights Issue Opening Date | Coming soon |
Last Date for Market Renunciation | Coming soon |
Rights Issue Closing Date | Coming soon |
Finalization of Basis of Allotment | Coming soon |
Rights Allotment Date | Coming soon |
Credit Date | Coming soon |
Listing Date | Coming 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.