Thambbi Modern Spinning Mills Limited manufactures and sells a variety of fibers and yarns. Cotton and yarn are also traded by the company. The company’s manufacturing of textiles activity was discontinued in March 2014. To generate revenue, the corporation has leased out its premises.
The company’s goal is to: comb, prepare, spin, and deal in cotton, waste cotton, wool, silk, artificial silk, staple fibre, rayon, flax, hemp, jute, and other fibrous substance; weave or otherwise manufacture cloth, silk, linen, mercerized yarn, and other goods and fabrics, whether textiles, felted, netted, or looped, and sell any such goods manufactured whether wholesale or retail. To carry on the business of buying and selling cotton yarn, cotton, waste cotton, silk, artificial silk, staple fiber, rayon, flax, hemp, jute, worsted and woolen merchants; of yarn merchants
and buyers, sellers, dealers, commission agents, brokers, exporters, mercerized and importers, whether in wholesale or retail of cotton, cotton yarn, waste cotton and cloth, linen, silk, artificial silk, staple fiber, mercerized yarn, yarn, flax, hemp, jute, wool, and other fibrous substances. To buy, sell, develop, maintain, take in exchange, hire, or otherwise acquire any real or personal estate, whether for investment or sale or working the same, including lands, mines, enterprises, buildings, factories, and commercial property.
Objects of the Issue:
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
- Part repayment or prepayment of unsecured loans availed by our Company from Ramasamy Udayar Jagadeesan, being a Promoter of the Company.
- General Corporate Purposes
Thambbi Modern Spinning Mills Rights Issue 2022 Detail
| Issue Open | Dec 29, 2022 – Jan 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 |
Thambbi Modern Spinning Mills Rights Issue 2022 Issue Timetable
| Record Date | Dec 16, 2022 |
| Credit of Rights Entitlements | Dec 22, 2022 |
| Bid/Offer Opens On | Dec 29, 2022 |
| Renunciation of Rights Entitlements | Jan 6, 2023 |
| Bid/Offer Closes On | Jan 12, 2023 |
| Deemed Date of Allotment | Jan 20, 2023 |
| Credit Date | Jan 24, 2023 |
| Listing Date | Jan 25, 2023 |
Thambbi Modern Spinning Mills Ltd. Financial Information (Consolidated)
| 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 |
Company Contact Information
Thambbi Modern Spinning Mills Ltd.
Omalur Road,
Jagir Ammapalayam,
Salem – 636302
Phone: 0427–2345425
Email: [email protected]
Website: https://www.thambbimodern.com
Thambbi Modern Spinning Mills Rights Issue 2022 Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com
Thambbi Modern Spinning Mills Rights Issue 2022 FAQs
Q1. When is Thambbi Modern Spinning Mills Rights Issue 2022 coming?
Ans. The Thambbi Modern Spinning Mills Rights Issue 2022 opens on Dec 29, 2022, and closes on Jan 12, 2023.
Q2. What is the schedule for Thambbi Modern Spinning Mills Rights Issue 2022?
Ans. Thambbi Modern Spinning Mills Rights Issue 2022 Schedule : Last Date for credit of Rights Entitlements Dec 22, 2022 Last Date for renunciation of Rights Entitlements Jan 6, 2023 Issue Opening Date Dec 29, 2022 Issue Closing Date Jan 12, 2023 Date of Allotment (on or about) Jan 20, 2023 Date of Credit (on or about) Jan 24, 2023 Date of Listing (on or about) Jan 25, 2023
Q3. What is the issue price for Thambbi Modern Spinning Mills Rights Issue 2022?
Ans. Thambbi Modern Spinning Mills Rights Issue 2022 price is set at ₹10 per share per equity share.
Q4. In what ratio is the Thambbi Modern Spinning Mills Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 1 Rights Share for every 1 Equity Shares held as on Record Date (Dec 16, 2022).
Q5. What is the record date for Thambbi Modern Spinning Mills Rights Issue 2022?
Ans. The record date for the Thambbi Modern Spinning Mills Rights Issue 2022 is Dec 16, 2022.
Q6. What is the issue size of Thambbi Modern Spinning Mills Rights Issue 2022?
Ans. 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.
Q7. How to apply for Thambbi Modern Spinning Mills Rights Issue 2022?
Ans. You can apply for Thambbi Modern Spinning Mills Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Thambbi Modern Spinning Mills Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Thambbi Modern Spinning Mills Rights Issue 2022 available on the list.
- Click the Apply button next to the Thambbi Modern Spinning Mills Rights Issue 2022.
- Fill and check your information.
- Submit the application.
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)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Thambbi Modern Spinning Mills Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
