₹33.13 Crores | Listing at BSE | Tue, Mar 26, 2024 - Fri, Apr 12, 2024
Arunjyoti Bio Ventures Ltd Rights Issue comprises 1.66 Cr equity shares aggregating to ₹33.13 Cr, offered at an issue price of ₹20 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Mar 12, 2024, with the Rights Issue being offered in the entitlement ratio of 8 : 1.
The term of payment is defined as following : Full amount of Rs 20/- per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Mar 26, 2024, and closes on Apr 12, 2024, with renunciation of Rights Entitlements permitted up to Apr 2, 2024.
The deemed date of allotment is Apr 20, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 25, 2024 and listed at the BSE on Apr 29, 2024.
Bajaj Capital Ltd. is the Lead Manager to the issue and Venture Capital & Corporate Investments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Arunjyoti Bio Ventures Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Mar 12, 2024
Entitlement Ratio
8 : 1
Open Date
Tue, Mar 26, 2024
Close Date
Fri, Apr 12, 2024
Full amount of Rs 20/- per Equity Share is payable on application.
Arunjyoti Bio Ventures Ltd's revenue decreased by -46.62% and profit after tax (PAT) rose by 107.68% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 42.69 | 35.91 | 2.10 | 4.70 |
| Revenue | 6.02 | 1.74 | 3.25 | 5.51 |
| Profit After Tax | -1.33 | 0.12 | 0.06 | 0.07 |
| Net Worth | 0.79 | 2.12 | 2.00 | 1.95 |
| Reserves and Surplus | -1.28 | 0.04 | -0.07 | -0.13 |
| Total Borrowing | 41.53 | 32.27 | ||
| Amount in ₹ Crore | ||||
Incorporated in in 1986, Arunjyoti Bio Ventures Ltd is a production and logistics company specializing in providing high-quality co-packing services for a multinational corporation. The company focuses on meeting its MNC partner's unique needs.
Arunjyoti Bio is a co-packing company specialising in various beverages, such as non-carbonated drinks, juices, and energy drinks. The company has a highly skilled team, and state-of-the-art facilities enable it to handle large-scale production runs efficiently and deliver high-quality products on time.
The company has two state-of-the-art plants: one in Telangana and the other in Andhra Pradesh. The manufacturing plant located in Kallem, Jangaon, Telangana, is spread across 4 acres and has a built-in plant of 60,000 sq. ft, with three manufacturing lines. The second unit is located in Annadevarapeta, Kovvur, Andhra Pradesh, which is spread across 3.2 acres and has a built-in plant of 60,000 sq. ft, with two manufacturing lines.
As of January 2024, the company employs 136 people dedicated to marketing and sales of its products.
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] The company that had minuscule financial performances from FY21 to FY23 marked quantum jump in its top line, but surprisingly posted huge loss for H1 of FY24. Nearly eight-fold rise in its post-RI equity base may face servicing issue. Though on the basis of its last traded price, RI appears lucratively priced, it’s a “High Risk/Low Return” bet. Well-informed/cash surplus investors may park moderate funds for the long term. Read detail review...
Arunjyoti Bio Ventures Rights Issue 2024 got subscribed by 0.99 times by the end of the bidding period with total bid quantity received by BSE of 1,63,47,933 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 12 2024 17:00:00 | 1,63,47,933 | 0.99x |
Arunjyoti Bio Ventures Ltd
Door No.1-98/1/JSIC/6F/604-B6th Floor
Jain Sadhguru Capital Park, Beside Image Gardens
Madhapur, Shaikpet, Hyderabad– 500081
Hyderabad, Telangana, 500081
Venture Capital & Corporate Investments Ltd.
The Arunjyoti Bio Ventures Rights Issue 2024 opens on Tue, Mar 26, 2024, and closes on Fri, Apr 12, 2024.
Arunjyoti Bio Ventures Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 2, 2024 |
| Issue Opening Date | Tue, Mar 26, 2024 |
| Issue Closing Date | Fri, Apr 12, 2024 |
| Date of Allotment (on or about) | Sat, Apr 20, 2024 |
| Date of Credit (on or about) | Thu, Apr 25, 2024 |
| Date of Listing (on or about) | Mon, Apr 29, 2024 |
You can apply for Arunjyoti Bio Ventures Rights Issue 2024 in two ways:
Steps to apply for Arunjyoti Bio Ventures Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Arunjyoti Bio Ventures Rights Issue 2024 using Registrar's website (R-WAP)
