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Bannari Amman Spinning Mills Rights Issue Detail
Issue Open September 20, 2021
Issue Close October 4, 2021
Issue Size (Shares) 3.33 Crores
Issue Size (Amount) ₹100.00 Crores
Issue Price ₹30 per Share
Listing At BSE, NSE

Bannari Amman Spinning Mills Rights Issue Date & Price FAQs

Bannari Amman Spinning Mills Rights Issue Timetable

Last Date for credit of Rights EntitlementsSeptember 17, 2021
Last Date for renunciation of Rights EntitlementsSeptember 28, 2021
Issue Opening DateSeptember 20, 2021
Issue Closing DateOctober 4, 2021
Allotment DateOctober 11, 2021
Shares Credit DateOctober 13, 2021
Listing DateOctober 14, 2021

Bannari Amman Spinning Mills Rights Issue price is set at ₹30 per Share. The Bannari Amman Spinning Mills Rights Issue opens on September 20, 2021, and closes on October 4, 2021, for the subscription.

The allotment of Bannari Amman Spinning Mills Rights Issue is expected to happen on or about October 11, 2021 as per the issue schedule.

Bannari Amman Spinning Mills Rights Issue listing date is October 14, 2021.

The credit of Bannari Amman Spinning Mills Rights Issue in Demat account is expected on or about October 13, 2021 as per the issue schedule.

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Part repayment or prepayment of Inter-Corporate Deposits availed by the company from Murugan Enterprise Private Limited, one of the Promoters; and. 2. Part repayment/ Pre-payment of certain secured loans availed from lenders.

It is difficult to say at what price Bannari Amman Spinning Mills Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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