RSWM Rights Issue will open for subscription from 23 December 2022. the company aims for an issue size of ₹235.51 Crores through this rights Issue.
RSWM Ltd
Incorporated in 1961, RSWM Limited manufacture and supplies high-quality yarns and fabrics. The company creates fabrics and yarns suitable for uniforms for students and government professionals as well as protective wear for military personnel and other high-risk professions. We also specialize in home and commercial interior textiles used for curtains, carpets, bed covers, and upholstery. RSWM Limited has more than 20 production units, all strategically located in India, the US$1-billion group of companies employs over 25,000 people.
The company has three business units:
- Yarn
- Denim
- Knitted Fabric.
Objectives of the Issue
- Repayment, in full or part, of certain borrowings availed by the Company, including interest thereon.
- Funding the working capital requirements.
- General corporate purposes.
Issue Timetable
| Record Date | 16 December 2022 |
| Credit of Rights Entitlements | 22 December 2022 |
| Bid/Offer Opens On | 23 December 2022 |
| Renunciation of Rights Entitlements | 02 January 2023 |
| Bid/Offer Closes On | 06 January 2023 |
| Deemed Date of Allotment | 13 January 2023 |
| Credit Date | 16 January 2023 |
| Listing Date | 18 January 2023 |
RSWM Rights Issue 2022 Details
| Issue Open | Dec 23, 2022 – Jan 6, 2023 |
| Security Name | RSWM Ltd. |
| Issue Size (Shares) | 23,550,842 |
| Issue Size (Amount) | ₹235.51 Crores |
| Issue Price | ₹100 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount is payable on the Application. |
| Entitlement | 1 Rights Share for every 1 Equity Share held as on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2068.63 | 2365.43 | 20.83 |
| 31-Mar-22 | 2573.72 | 3849.54 | 246.22 |
Rights Issue Lead Manager(s)
- SKP Securities Limited
RSWM Rights Issue 2022 Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: rswm.rights@kifntech.com
Website: https://karisma.kfintech.com/
Company Contact Information
RSWM Ltd.
Bhilwara Towers, A-12, Sector-1
Naida
201 301 (NCR-Delhi)
Phone: +91-120-4390300
Email: rswm.investor@l11jbhilwara.com
Website: https://rswm.in/about/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
