Thangamayil Jewellery Rights Issue dates 21 Feb – 4 Mar 2025.
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 | 21 Feb – 4 Mar 2025 |
| Thangamayil Jewellery Rights Issue Price | INR 1,400 per share |
| Issue Size (in Shares) | 36,42,857 shares |
| Issue Size (in INR) | INR 510 crore |
| Issue Entitlement | 2 equity shares for every 15 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Thangamayil Jewellery Rights Issue Record Date | 11 February 2025 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Thangamayil Jewellery Rights Issue Calculation
| Thangamayil Jewellery Rights Issue Price | INR 1,400 per share |
| Market Price on Rights Issue Approval | INR 2,066.35 per share |
| Dilution Factor (X) | 1.13 |
| Fair Value After Dilution at Prevailing Price | INR 1,987.96 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 | 5 February 2025 |
| Rights Issue Record Date | 11 February 2025 |
| Credit of Rights Entitlement | 20 February 2025 |
| Rights Issue Opening Date | 21 February 2025 |
| Last Date for Market Renunciation | 25 February 2025 |
| Rights Issue Closing Date | 4 March 2025 |
| Finalization of Basis of Allotment | 10 March 2025 |
| Rights Allotment Date | 10 March 2025 |
| Credit Date | 12 March 2025 |
| Listing Date | 18 March 2025 |
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 1,400 per share.
What is the Thangamayil Jewellery Rights Issue entitlement ratio?
The eligible shareholders are offered 2 Equity Shares for every 15 Equity Shares held on the record date.
What is the Thangamayil Jewellery Rights Issue Record Date?
The Record date is 11 February 2025.
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.