Rajapalayam Mills Limited Rights Issue - Terms of Payment, Entitlement & Details

Rajapalayam Mills Limited Rights Issue Details

Issue Dates 15 Mar 2021 - 30 Mar 2021
Issue Price 569
Issue Size Rs. 69.95 Cr.
Market Lot 1 Per Share
Terms of Payment The Issue Price of ₹569 per Rights Equity Share shall be payable in entirety at the time of making the application.
Entitlement 1 Rights Equity Share for every 6 Fully Paid-up equity shares held on the Record Date

About Rajapalayam Mills Limited

The story of the growth of Rajapalayam is the story of the man, Shri. P.A.C.Ramasamy Raja, born in 1894 to Shri Pusapati Chinniah Raja and Smt. Chittammal. In the village of Rajapalayam he sowed the seeds of South India’s economic spring. He breathed life into the arid and indifferent land, tapped and developed the gold mine of opportunities. Under his care and guidance a sleepy village became a bustling town, a thriving municipality and finally a prosperous centre of commerce with a high literacy rate and growing employment opportunities.

His dreams for the future and his country became a reality in September 1938 as Rajapalayam Mills Ltd. Inaugurated by Shri V.V. Giri, the Honourable Labour Minister in the then Madras Presidency, it had 6800 spindles imported from England and was a major breakthrough in the industrial fortunes of Rajapalayam.

Company Financials

Particulars 31-Mar-20 31-Mar-19
Total Assets (In ₹ Millions)
Total Revenue (In ₹ Millions) 3,663.47 4,284.07
Profit After Tax (PAT) (In ₹ Millions) 920.68 1,044.75

Rajapalayam Mills Limited Rights Issue FAQs

  1. What is the Issue Dates for Rajapalayam Mills Limited?

    The Rajapalayam Mills Limited Rights Issue will open on 15 Mar 2021 and closes on 30 Mar 2021.

  2. What is the Issue price of Rajapalayam Mills Limited Rights Issue?

    The Issue price of Rajapalayam Mills Limited Rights Issue is Rs.569.

  3. What is the Issue size of Rajapalayam Mills Limited Rights Issue?

    The Issue size of Rajapalayam Mills Limited Rights Issue is Rs. 69.95 Cr.