Yarn Syndicate Limited

CLOSED

Rights Issue · IPO Guide

RI Price

₹27

Expert Rating

Avoid

Yarn Syndicate Limited is engaged in trading and export of yarns. Financials of the company are very poor. Company was trading below RI price of Rs 27/- recently and The price difference is around 6% from right issue price. So we give AVOID rating to this right issue and those who are holding it, may sell right shares in open market.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
H1FY24	0.48	0.54	(0.02)
FY23	0.00	0.19	(0.16)
FY22	0.00	0.20	0.40
FY21	0.00	0.19	(0.35)
FY20	0.00	1.44	(1.34)
FY19	3.65	3.53	0.14

Record Date	Jan 24, 2024
Start Date	Feb 06, 2024
Close Date	Feb 21, 2024
Allotment Date	Feb 28, 2024
Listing Date	—
RI Price	Rs 27/- Per Equity Share
Entitlement Ratio	24:5

Yarn Syndicate Limited

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