Thangamayil Jewellery Rights Issue dates are not finalized.
Established in 2000, Thangamayil Jewellery focuses on selling gold and diamond jewelry. Its offerings also include silver, platinum, and jewelry made with precious and semi-precious stones, along with customized pieces, gold and silver coins, and silver utensils. As of 30 September 2024, Thangamayil Jewellery operates 59 showrooms across Tamil Nadu under the brand name “Thangamayil.”
Thangamayil Jewellery manufactures and sources jewelry from dealers across India, with key regions including Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Mumbai, Gujarat, and West Bengal. Gold and silver jewelry for its showrooms is produced at the company’s manufacturing facilities in Madurai.
As of 30 September 2024, Thangamayil Jewellery offers a diverse product portfolio with over 10,000 jewelry designs, including gold, diamond, and other jewelry products across various price points. The company employs 2,445 individuals across all its locations.
Promoters of Thangamayil Jewellery – Balarama Govinda Das; BA. Ramesh, and N.B. Kumar
Table of Contents
Thangamayil Jewellery Rights Issue Details
| Thangamayil Jewellery Rights Issue Date | Coming soon |
| Thangamayil Jewellery Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 510 crore |
| Issue Entitlement | equity shares for every equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Thangamayil Jewellery Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Thangamayil Jewellery Rights Issue Calculation
| Thangamayil Jewellery 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 |
Thangamayil Jewellery Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 2,193 | 3,153 | 3,827 |
| Expenses | 2,107 | 3,000 | 3,614 |
| Operating Margin (%) | 4.00 | 5.00 | 6.00 |
| Net Income | 39.00 | 80.00 | 123.00 |
| ROCE (%) | 11.00 | 17.00 | 20.00 |
Thangamayil Jewellery Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Capital expenditure towards setting up of 6 (Six) new retail stores (“New Stores”), including one flagship store in the Chennai Metropolitan Area – INR 14.69 crore
- Inventory required to be held in new stores – INR 384.16 crore
- General corporate purposes – INR 108.56 crore
Thangamayil Jewellery Rights Offer Documents
- Thangamayil Jewellery Rights Issue Application Form
- Thangamayil Jewellery Letter of Offer
- Board Meeting Outcome
- Thangamayil Jewellery Draft Letter of Offer
- Rights Issue in 2024
Thangamayil Jewellery 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 |
Thangamayil Jewellery Rights Offer Lead Manager
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone: +91 96 6785 9191 / +91 22 3501 4499
Email: [email protected]
Website: www.sundaecapital.com
Thangamayil Jewellery Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 81 0811 4949
Email: [email protected]
Website: www.linkintime.com
Thangamayil Jewellery Contact Details
THANGAMAYIL JEWELLERY LIMITED
2nd & 3rd Floor, No. 25/6, Palami Centre,
New Natham Road, Madurai – 625 014, Tamil Nadu
Phone: +91 452 438 2815
Email: [email protected]
Website: www.thangamayil.com
Thangamayil Jewellery Rights Offer FAQs
What is the Thangamayil Jewellery Rights Issue Price?
The issue price is INR per share.
What is the Thangamayil Jewellery Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the Thangamayil Jewellery Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Thangamayil Jewellery Rights Offer?
The best way to apply in Thangamayil Jewellery 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.
