Rajapalayam Mills Rights Issue is scheduled on Coming soon
Rajapalayam Mills is principally engaged in the business of manufacturing cotton yarn and fabrics. It also produces power from its windmills.
The company specializes in manufacturing yarn of finer counts ranging from 4s to 300s (single/double yarn), besides other value added products like mercerised, melange, slub and gassed yarn. The company’s fabric unit commissioned during FY 2021, produces special value added fabric from its Jacquard Looms. The unit produced INR 79 Lakhs Meters of Fabric and sold INR 91 Lakhs Meters of Fabrics in FY 2022, registering a growth of 122%.
The company has four manufacturing facilities in and around Rajapalayam. It has a combined capacity of 1,47,920 spindles and 2,960 rotors. It also has wind power facilities aggregating to ~35 megawatts (MW) for its captive power consumption.
The company exports to many countries, out of which Turkey and Portugal are relatively newer market openings for the company. In FY 2022, it had INR 187 crores worth of exports vs INR 106 crores in FY 2021.
Promoters of Rajapalayam Mills – P. V. Abinav Ramasubramaniam Raja, P R Venketrama Raja, The Ramaraju Surgical Cotton Mills Limited,Ramco Industries Limited, Ramachandra Raja Chittammal
Rajapalayam Mills Rights Issue Date, Size & Price
| Rajapalayam Mills Rights Issue Date | Coming soon |
| Rajapalayam Mills Rights Issue Price | INR 569 per share |
| Issue Size (in Shares) | 6,14,680 shares |
| Issue Size (in INR) | INR 34.98 crore |
| Issue Entitlement | 1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date |
| Terms of Payment | The full amount of the Issue Price being INR 569 will be payable on application |
| Rajapalayam Mills Rights Issue Record Date | 30 December 2022 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Rajapalayam Mills Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 357.83 | 411.78 | 689.65 |
| Expenses | 348.89 | 419.84 | 578.12 |
| Net income | 6.41 | (26.64) | 38.29 |
| Margin (%) | 1.79 | (6.47) | 5.55 |
Rajapalayam Mills Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Coming soon
- Coming soon
- Coming soon
- General corporate purposes
Rajapalayam Mills Rights Offer Documents
- Rajapalayam Mills Application Form
- Rajapalayam Mills Abridged LOF
- Rajapalayam Mills Letter of Offer
- Board Meeting Outcome
Rajapalayam Mills Rights Issue Timetable
| Rajapalayam Mills Rights Issue Record Date | 30 December 2022 |
| Credit of Rights Entitlement | Coming soon |
| Rajapalayam Mills Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rajapalayam Mills Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rajapalayam Mills Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Rajapalayam Mills Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | – | – | – |
| PE ratio | – | – | 8.31 |
| RONW (%) | – | – | |
| ROCE (%) | – | – | 3.48 |
| EBITDA | – | – | |
| Debt/Equity | 0.09 | (0.36) | 0.44 |
| NAV per share | – | – |
Rajapalayam Mills Rights Issue Registrar
Coming soon
Phone:Â
Email:Â
Website:Â
Rajapalayam Mills Contact Details
RAJAPALAYAM MILLS LIMITED
Rajapalayam Mills Premises, Post Box No. 1,
P.A.C. Ramaswamy Road,
Rajapalayam – 626117
Phone:Â +91-4563-235666
Email:Â [email protected]
Website:Â www.rajapalayammills.co.in
Rajapalayam Mills Rights Offer FAQs
What is price of Rajapalayam Mills Rights Issue?
The issue price is INR 569 per share.
What is entitlement ratio of Rajapalayam Mills Rights Issue?
The eligible shareholders are offered 1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date.
What is the Record Date of Rajapalayam Mills Rights Issue?
The Record date is 30 December 2022.
How to Apply in Rajapalayam Mills Rights Offer?
The best way to apply in Rajapalayam Mills 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.
