Rajapalayam Mills Limited, an integral component of the Ramco Group headquartered in South India, was established in 1936 under the visionary leadership of P. A. C. Ramasamy Raja. The company’s primary focus revolves around the proficient manufacturing of a diverse spectrum of cotton yarn, spanning from 4s to 355s (single/double yarn), and fabrics. At present, it operates across four manufacturing units dedicated to cotton yarn and an additional facility for fabric production.
The company boasts an extensive product portfolio encompassing various types of yarn, including Open End, Ring, Compact, TFO, Gassed, Mercerised, Slub, Multi Count, Melange, Dyed High Twist, Core Spun, and Eli twist yarn. These offerings are meticulously tailored to meet specific customer requirements, and they are distributed both within domestic boundaries and international markets.
Furthermore, Rajapalayam Mills Limited is actively involved in sustainable practices, engaging in the generation of electricity through windmills. With an aggregate installed capacity of 35.15 megawatts (MW) of wind power facilities, the company leverages this renewable energy source for its captive consumption, effectively managing and controlling its power expenditures.
Rajapalayam Mills Rights Issue 2022 Detail #
| Issue Open | Jan 18, 2023 – Feb 7, 2023 |
| Security Name | Rajapalayam Mills Limited |
| Issue Size (Shares) | 614,680 |
| Issue Size (Amount) | ₹34.98 Crores |
| Issue Price | ₹569 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being Rs 569/- will be payable on application. |
| Entitlement | 1 Rights Equity Share for every 14 Fully Paid-up equity shares held on the Record Date |
Rajapalayam Mills Rights Issue 2022 Issue Timetable #
| Record Date | Dec 30, 2022 |
| Credit of Rights Entitlements | Jan 17, 2023 |
| Bid/Offer Opens On | Jan 18, 2023 |
| Renunciation of Rights Entitlements | Feb 2, 2023 |
| Bid/Offer Closes On | Feb 7, 2023 |
| Deemed Date of Allotment | Feb 16, 2023 |
| Credit Date | Feb 20, 2023 |
| Listing Date | Feb 23, 2023 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 952.84 | 429.12 | -26.63 |
| 31-Mar-22 | 1250.61 | 705.26 | 38.28 |
| Amount in ₹ Crore | |||
Objects of the Issue: #
The company intends to utilize the gross proceeds raised through the Issue to part finance the following objects:
- Capital expenditure for enhancement of fabric division capacity comprises of (i) installation of additional 166 looms (“Looms Expansion”) and (ii) installation of fabric finishing infrastructure (“Fabric Processing”);
- Capital expenditure for modernization of existing spinning capacity; and
- Capital expenditure for setting up of electrical infrastructure capacity to support existing and proposed infrastructure
Rajapalayam Mills Rights Issue 2022 Documents #
Company Contact Information #
Rajapalayam Mills Premises, Post Box No. 1,
P.A.C. Ramaswamy Road,
Rajapalayam – 626117Phone: +91-4563-235666
Email: rajacot@ramcotex.com
Website: http://www.rajapalayammills.co.in/
Rajapalayam Mills Rights Issue 2022 Registrar #
- Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
