Thangamayil Jewellery Limited, a leading jewelry retailer in India, has announced a ₹510 crore rights issue, offering 36,42,857 equity shares at ₹1,400 per share. The issue is scheduled to open on February 21, 2025, and close on March 4, 2025, with a record date of February 11, 2025. Shareholders will be entitled to 2 rights shares for every 15 fully paid-up equity shares held on the record date.
Founded in 2000, Thangamayil Jewellery has grown into a prominent jewelry retailer in India, offering a diverse range of gold, silver, platinum, and diamond jewelry. The company specializes in both traditional and contemporary designs, catering to various regional preferences. As of September 30, 2024, it operates 59 showrooms across Tamil Nadu, making it a dominant player in the region.
Thangamayil Jewellery sources and manufactures jewelry across multiple states, including Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, Mumbai, Gujarat, and West Bengal. The company’s Madurai-based manufacturing facility is dedicated to producing high-quality gold and silver jewelry, ensuring consistent supply to its retail outlets.
In addition to gold and diamond jewelry, the company sells silver, platinum, and semi-precious stone jewelry. It also offers customized jewelry, gold and silver coins, and silver utensils, catering to a wide customer base. The brand has introduced several exclusive jewelry collections, including Subiksham, Minimini Diamonds, Sayonee, Omana, Punnagai, BeU, and others.
With a workforce of 2,445 employees as of December 23, 2024, Thangamayil Jewellery continues to expand its footprint in India’s jewelry market. Its strategic focus on retail expansion and product diversification has strengthened its brand presence.
Investors and shareholders can stay updated on the Thangamayil Jewellery Rights Issue 2025, including subscription status, entitlement details, and payment terms.
Overview of Contents
Thangamayil Jewellery Rights Issue 2025 – Important Dates & Key Deadlines
| Event | Date |
|---|---|
| Record Date for Eligibility | February 11, 2025 |
| Last Day to Purchase Shares | February 10, 2025 |
| Rights Issue Opening Date | February 21, 2025 |
| Rights Issue Closing Date | March 4, 2025 |
| Last Date for Renouncing Rights | February 25, 2025 |
| Expected Allotment Date | 2025 (To be confirmed) |
Thangamayil Jewellery Rights Issue 2025 – Key Offer Details
| Details | Information |
|---|---|
| Issue Period | February 21, 2025 – March 4, 2025 |
| Company Name | Thangamayil Jewellery Ltd |
| Total Shares Offered | 36,42,857 Equity Shares |
| Total Issue Size | ₹510.00 Crores |
| Offer Price Per Share | ₹1,400 |
| Face Value Per Share | ₹10 |
| Stock Exchange Listing | BSE, NSE |
| Payment Terms | Full amount payable on application |
| Shareholder Entitlement Ratio | 2 Rights Shares for every 15 fully paid-up Equity Shares |
| Letter of Offer | Click here |
| Application Form | Click Here |
| Live Market Price | Click here |
Thangamayil Jewellery Financial Performance
| Financial Metrics | March 31, 2024 | March 31, 2023 |
|---|---|---|
| Total Revenue | ₹3,832.18 Cr | ₹3,155.90 Cr |
| Total Assets | ₹1,481.10 Cr | ₹1,246.56 Cr |
| Net Profit (PAT) | ₹123.24 Cr | ₹79.74 Cr |
Objects of the Issue
- Capital expenditure towards setting-up of 6 (Six) new retail stores (“New Stores”), including one flagship store in Chennai Metropolitan Area.
- Inventory required to be held in New Stores.
- General Corporate Purposes.
Company Address:
Thangamayil Jewellery Ltd.
2nd & 3rd Floor, No. 25/6, Palami Centre,
New Natham Road, Madurai – 625 014, Tamil Nadu
Phone: +91 452 438 2815
Email: companysecretary@thangamayil.com
Website: www.thangamayil.com
Thangamayil Jewellery Rights Issue 2025 Registrar
Link Intime India Pvt Ltd
Phone: +91 81 0811 4949
Email: thangamayil.rights2024@linkintime.co.in
Website: www.linkintime.com
Thangamayil Jewellery FAQs
What is the Thangamayil Jewellery Rights Issue 2025?
The Thangamayil Jewellery Rights Issue 2025 is a fundraising initiative where the company is offering additional shares to its existing shareholders at a discounted price of ₹1,400 per share.
When does the Thangamayil Jewellery Rights Issue open and close?
The rights issue opens on February 21, 2025, and closes on March 4, 2025.
What is the record date for the rights issue?
The record date for determining eligible shareholders is February 11, 2025.
How many shares are being offered in this rights issue?
The company is issuing 36,42,857 equity shares through this rights issue.
What is the entitlement ratio for the Thangamayil Jewellery Rights Issue?
Shareholders will receive 2 Rights Shares for every 15 fully paid-up Equity Shares they hold as of the record date.
How much do investors need to pay for each rights share?
The issue price per share is ₹1,400, and the total amount is payable at the time of application.
Where will the newly issued shares be listed?
The rights issue shares will be listed on BSE and NSE.
Can shareholders renounce their rights entitlement?
Yes, shareholders can renounce their rights on or before February 25, 2025, if they choose not to subscribe.
How can investors apply for the Thangamayil Jewellery Rights Issue?
Eligible shareholders can apply through their bank’s ASBA facility or via their trading platform during the subscription period.