Incorporated in 1945 Yarn Syndicate Limited is a dealer of all types of Yarn. This 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, amalgamated yarn, heather yarn, knitted fabric & woven fabric.
The company is ISO 90012008 certified for Quality Management System.
The Company exports different types of colorful yarn, including 100% cotton, polyester & viscose yarn, as well as jute yarn, flax yarn, and raw cotton.
Yarn SyndicateLtd.’s profit dropped by-95.07% and profit after duty( PAT) dropped by-139.85% between the fiscal time ending with March 31, 2023 and March 31, 2022.
Objects of the Issue:
The company intends to use the proceeds raised through the Issue(” Gross Proceeds”) after abating the Issue related charges(” Net Proceeds”) for the following objects
- Acquisition of Equity shares in Stitched Textiles Limited;
- Incremental working capital conditions.
- General Commercial Purpose
| 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 |
Yarn Syndicate Rights Issue 2024 Issue Timetable
| 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 Rights Issue 2024 Subscription Status
Yarn Syndicate Rights Issue 2024 is subscribed 0 times as on February 6, 2024 12700 PM. The total shot volume entered by BSE is 22,976 shares.