₹301.07 Crores | Listing at BSE, NSE | Mon, Dec 19, 2022 - Mon, Jan 9, 2023
Hatsun Agro Product Ltd Rights Issue comprises 0.7185 Cr equity shares aggregating to ₹301.07 Cr, offered at an issue price of ₹419 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Dec 8, 2022.
The term of payment is defined as following : The amount of Rs 419 On Application has to be paid at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 17, 2023.
The Rights Issue opens on Dec 19, 2022, and closes on Jan 9, 2023, with renunciation of Rights Entitlements permitted up to Jan 3, 2023.
The deemed date of allotment is Jan 17, 2023, following which the equity shares are expected to be credited to demat accounts on Jan 19, 2023 and listed at the NSE and the BSE on Jan 23, 2023.
Axis Capital Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Hatsun Agro Product Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Dec 8, 2022
Entitlement Ratio
:
Open Date
Mon, Dec 19, 2022
Close Date
Mon, Jan 9, 2023
The amount of Rs 419 On Application has to be paid at the time of Application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3117.03 | 5557.02 | 273.58 |
| 31-Mar-22 | 3541.67 | 6380.18 | 248.25 |
| Amount in ₹ Crore | |||
Hatsun Agro Product Ltd (HAP) manufactures and markets a range of high-quality dairy products. The company's products cater to both cooking and consumption, like, milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer and lots more.
HAP brands have become household names in over one million Indian houses. Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener and Ibaco have become popular choices across the country.
The company also have a healthy global presence with dairy ingredients exported to 42 countries around the world — primarily in America, the Middle East and South Asian markets.
Hatsun Agro Product Ltd has 20 plants. The company's brands enjoy a considerable share in the states of Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Puducherry, Kerala, Maharashtra, Goa, Gujarat, Chhattisgarh and Odisha.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
1. Repayment or pre-payment, in full or part, of certain outstanding borrowings availed by the Company.
2. General corporate purposes.
[Dilip Davda] HAPL is a well-known dairy product company from the southern region. It has been making strides in its performance in top lines. Its bottom line marked a decline following higher provisioning. As this RI is at a discount of around 53% on its last traded price, it is worth considering for medium to long-term rewards. Read detail review...
Hatsun Agro Product Ltd
Plot No. 14,
Tamil Nadu Housing Board
Sholinganallur, Chennai - 600 119, India
Chennai, Tamil Nadu, 600119
The Hatsun Agro Product Rights Issue 2022 opens on Mon, Dec 19, 2022, and closes on Mon, Jan 9, 2023.
Hatsun Agro Product Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 15, 2022 |
| Last Date for renunciation of Rights Entitlements | Tue, Jan 3, 2023 |
| Issue Opening Date | Mon, Dec 19, 2022 |
| Issue Closing Date | Mon, Jan 9, 2023 |
| Date of Allotment (on or about) | Tue, Jan 17, 2023 |
| Date of Credit (on or about) | Thu, Jan 19, 2023 |
| Date of Listing (on or about) | Mon, Jan 23, 2023 |
You can apply for Hatsun Agro Product Rights Issue 2022 in two ways:
Steps to apply for Hatsun Agro Product Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Hatsun Agro Product Rights Issue 2022 using Registrar's website (R-WAP)
