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Incorporated in 1945, Yarn Syndicate Limited is a dealer of all types of Yarn. The company is an exporter of cotton yarn, polyester cotton yarn, polyester viscose yarn, flax yarn, jute yarn, bamboo yarn, organic yarn.
The company's product portfolio includes cotton yarn, synthetic yarn, blended yarn, heather yarn, knitted fabric and woven fabric.
The company is ISO 9001:2008 certified for Quality Management System.
The Company exports various types of yarn, including 100% cotton, polyester, and viscose yarn, as well as jute yarn, flax yarn, and raw cotton.
| Issue Open | February 6, 2024 - February 21, 2024 |
| Security Name | Yarn Syndicate Ltd. |
| Issue Size (Shares) | 18,000,000 |
| Issue Size (Amount) | ₹48.60 Crores |
| Issue Price | ₹27 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.27/- shall be payable by the eligible shareholders in the following manner: 1. Rs. 13.50 at the time of application and 2. Balance Rs. 13.50 in 1st and Final call, as determined by the Board in consultation with the Rights Issue Committee |
| Entitlement | 24 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 23, 2024 |
| Record Date | January 24, 2024 |
| Credit of Rights Entitlements | January 30, 2024 |
| Bid/Offer Opens On | February 6, 2024 |
| Renunciation of Rights Entitlements | February 16, 2024 |
| Bid/Offer Closes On | February 21, 2024 |
| Deemed Date of Allotment | February 28, 2024 |
| Credit Date | February 29, 2024 |
| Listing Date | March 4, 2024 |
Yarn Syndicate Ltd.'s revenue decreased by -95.07% and profit after tax (PAT) dropped by -139.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.18 | 0.45 | 0.36 |
| Revenue | 0.03 | 0.60 | 0.00 |
| Profit After Tax | -0.16 | 0.40 | 0.35 |
| Net Worth | |||
| Reserves and Surplus | -4.17 | -4.01 | -4.41 |
| Amount in ₹ Crore | |||
The company intends to utilize the proceeds raised through the Issue ("Gross Proceeds") after deducting the Issue related expenses ("Net Proceeds") for the following objects
Yarn Syndicate Rights Issue 2024 got oversubscribed by 1.12 times by the end of the bidding period with total bid quantity received by BSE of 20,111,092 shares.
4 4.8 Rating:  Vote Here ... |
Yarn Syndicate Ltd.
86/2/4, S N Banerjee Road
1st Floor, Flat No. 2
Kolkata - 700 014
Phone: +91 9727170232
Email: ysl@yarnsyndicate.in
Website: https://www.yarnsyndicate.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
The Yarn Syndicate Rights Issue 2024 opens on February 6, 2024, and closes on February 21, 2024.
Yarn Syndicate Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | January 30, 2024 |
| Last Date for renunciation of Rights Entitlements | February 16, 2024 |
| Issue Opening Date | February 6, 2024 |
| Issue Closing Date | February 21, 2024 |
| Date of Allotment (on or about) | February 28, 2024 |
| Date of Credit (on or about) | February 29, 2024 |
| Date of Listing (on or about) | March 4, 2024 |
Yarn Syndicate Rights Issue 2024 price is set at ₹27 per share per equity share.
The eligible shareholders are being offered 24 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (January 24, 2024).
The record date for the Yarn Syndicate Rights Issue 2024 is January 24, 2024.
The issue size of Yarn Syndicate Rights Issue 2024 is of 18,000,000 equity shares at ₹27 per share aggregating upto ₹48.60 Crores.
The Letter of Offer for Yarn Syndicate Rights Issue 2024 can be download here.
You can apply for Yarn Syndicate Rights Issue 2024 in two ways:
Steps to apply for Yarn Syndicate Rights Issue 2024 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 Yarn Syndicate Rights Issue 2024 using Registrar's website (R-WAP)
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