Last updated on December 24, 2022
RSWM Rights Issue is scheduled on 23 December 2022 – 6 January 2023
RSWM is a textile manufacturer and exporter of Synthetic, Blended, Mélange, Cotton, Specialty value added yarns and also manufactures Fabrics, Denim and Green Polyester Fiber.
The company primarily produces different varieties of yarns like synthetic, blended, mélange, cotton, specialty, and value-added yarns suitable for suitings, shirtings, hosiery, carpet, denim, and technical textiles, and industrial applications and denim fabric, synthetic fabric for renowned brands.
Grey/Dyed PV Blended Specialty Yarns from unorthodox fibers, Greige yarn sold under the brand name ULTIMA and Melange yarn used in casual wear, sportswear, shirts, socks, inner wear as well as towels, and other home linen.
The company has 3000+ denim variants and is sold by LNJ Denim, a denim-manufacturing facility established in 2007 under RSWM Limited. They are ranked among the Top 10 suppliers of Denim. The company exports to more than 78+ nations globally like Africa, South East Asia, Europe, the Middle East, USA.
The company has a strong presence in Mélange yarn, a high-value yarn, which is manufactured at its Mandapam and Kanyakheri units. Its product segment contributes about 21% to the revenue earned by the yarn vertical.Â
Promoters of RSWM – Lakshmi Niwas Jhunjhunwala And Ravi Jhunjhunwala
RSWM Rights Issue Date, Size & Price
| RSWM Rights Issue Date | 23 December 2022 – 6 January 2023 |
| RSWM Rights Issue Price | INR 100 per share |
| Issue Size (in Shares) | 2,35,50,842 shares |
| Issue Size (in INR) | INR 235.51 crore |
| Issue Entitlement | 1 Rights Share for every 1 Equity Shares held on Record Date |
| Terms of Payment | The full amount is payable on Application |
| RSWM Rights Issue Record Date | 16 December 2022 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
RSWM Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 2,771.03 | 2,326.02 | 3,817.42 |
| Expenses | 2,641.99 | 2,233.49 | 3,452.98 |
| Net income | 22.67 | 21.61 | 239.98 |
| Margin (%) | 0.82 | 0.93 | 6.29 |
RSWM Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Coming soon
- Coming soon
- Coming soon
- General corporate purposes
RSWM Rights Offer Documents
RSWM Rights Issue Timetable
| RSWM Rights Issue Record Date | 16 December 2022 |
| Credit of Rights Entitlement | 22 December 2022 |
| RSWM Rights Issue Opening Date | 23 December 2022 |
| Last Date for Market Renunciation | 02 January 2023 |
| RSWM Rights Issue Closing Date | 6 January 2023 |
| Finalization of Basis of Allotment | 12 January 2023 |
| RSWM Rights Allotment Date | 13 January 2023 |
| Credit Date | 16 January 2023 |
| Listing Date | 18 January 2023 |
RSWM Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| ROCE (%) | 4 | 4 | 18.20 |
| OPM (%) | 7 | 8 | 11 |
| ROE (%) | – | – | 26.4 |
RSWM Rights Issue Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222/1800 309 4001
Email:Â [email protected]
Website:Â www.kfintech.com
RSWM Contact Details
RSWM LIMITED
Bhilwara Towers, A-12, Sector-1
Noida – 201 301 (NCR-Delhi), India
Phone:Â +91-120-4390300
Email:Â [email protected]
Website:Â www.rswm.in
RSWM Rights Offer FAQs
What is price of RSWM Rights Issue?
The issue price is INR 100 per share.
What is entitlement ratio of RSWM Rights Issue?
The eligible shareholders are offered 1 Equity Share for every 1 existing share held by the eligible shareholder as on the Record date.
What is the Record Date of RSWM Rights Issue?
The Record date is 16 December 2022.
How to Apply in RSWM Rights Offer?
The best way to apply in RSWM 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.
