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Thambbi Modern Spinning Mills Limited is in the business of spinning and weaving different types of fibres and yarns. The Company also involves in the trading of cotton and yarns.
The Textiles manufacturing activity of the company was closed in March'2014. The company has leased out its buildings to generate income.
The company's objective is to:
To comb, prepare, spin and deal in cotton, waste cotton, wool, silk, artificial silk, staple fibre, rayon, flax, hemp, jute and other fibrous substance; to weave or otherwise manufacture cloth, silk, linen, mercerised yarn and other goods and fabrics, whether textiles, felted, netted or looped and sell any such goods manufactured whether in wholesale or in retail.
To carry on the business of buying and selling cotton yarn, cotton, waste cotton, silk, artificial silk, staple fibre, rayon, flax, hemp, jute, worsted and woollen merchants; of yarn merchants and buyers, sellers, dealers, commission agents, brokers, exporters and importers, whether in wholesale or retail of cotton, cotton yarn, waste cotton and cloth, linen, silk, artificial silk, staple fibre, mercerised yarn, yarn, flax, hemp, jute, wool and other fibrous substances.
To purchase, sell, develop, maintain, take in exchange, or on a lease, hire or otherwise acquire, whether for investment or sale or working the same any real or personal estate including lands, mines, business, buildings, factories, commercial property.
Issue Open | December 29, 2022 - January 12, 2023 |
Security Name | Thambbi Modern Spinning Mills Ltd. |
Issue Size (Shares) | 5,762,770 |
Issue Size (Amount) | ₹5.76 Crores |
Issue Price | ₹10 per share |
Face Value | ₹10 per share |
Listing At | BSE |
Terms of Payment | |
Entitlement | 1 Rights Share for every 1 Equity Shares held as on Record Date |
Record Date | December 16, 2022 |
Credit of Rights Entitlements | December 22, 2022 |
Bid/Offer Opens On | December 29, 2022 |
Renunciation of Rights Entitlements | January 6, 2023 |
Bid/Offer Closes On | January 12, 2023 |
Deemed Date of Allotment | January 20, 2023 |
Credit Date | January 24, 2023 |
Listing Date | January 25, 2023 |
Period Ended | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 16.12 | 1.93 | -2.18 |
31-Mar-21 | 15.64 | 2.48 | -1.65 |
31-Mar-22 | 14.64 | 2.23 | -5.1 |
Amount in ₹ Crore |
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
1) Part repayment or prepayment of unsecured loans availed by our Company from Ramasamy Udayar Jagadeesan, being a Promoter of the Company.
2) General Corporate Purposes
Thambbi Modern Spinning Mills Ltd.
Omalur Road,
Jagir Ammapalayam,
Salem - 636302
Phone: 0427–2345425
Email: tmsml@thambbimodern.com
Website: https://www.thambbimodern.com/index.php
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
The Thambbi Modern Spinning Mills Rights Issue 2022 opens on December 29, 2022, and closes on January 12, 2023.
Thambbi Modern Spinning Mills Rights Issue 2022 Schedule
Last Date for credit of Rights Entitlements | December 22, 2022 |
Last Date for renunciation of Rights Entitlements | January 6, 2023 |
Issue Opening Date | December 29, 2022 |
Issue Closing Date | January 12, 2023 |
Date of Allotment (on or about) | January 20, 2023 |
Date of Credit (on or about) | January 24, 2023 |
Date of Listing (on or about) | January 25, 2023 |
Thambbi Modern Spinning Mills Rights Issue 2022 price is set at ₹10 per share per equity share.
The eligible shareholders are being offered 1 Rights Share for every 1 Equity Shares held as on Record Date (December 16, 2022).
The record date for the Thambbi Modern Spinning Mills Rights Issue 2022 is December 16, 2022.
The issue size of Thambbi Modern Spinning Mills Rights Issue 2022 is of 5,762,770 equity shares at ₹10 per share aggregating upto ₹5.76 Crores.
The Letter of Offer for Thambbi Modern Spinning Mills Rights Issue 2022 can be download here.
You can apply for Thambbi Modern Spinning Mills Rights Issue 2022 in two ways:
Steps to apply for Thambbi Modern Spinning Mills Rights Issue 2022 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Thambbi Modern Spinning Mills Rights Issue 2022 using Registrar's website (R-WAP)
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