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Hatsun Agro Product Ltd Rights Issue (Hatsun Agro Product Rights Issue 2022) Detail

Dec 19, 2022 - Jan 9, 2023
Hatsun Agro Product Ltd Logo

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.

Hatsun Agro Product Rights Issue 2022 Detail

Issue Open Dec 19, 2022 - Jan 9, 2023
Security Name Hatsun Agro Product Ltd
Issue Size (Shares) 7,185,444
Issue Size (Amount) ₹301.07 Crores
Issue Price ₹419 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The amount of Rs 419 On Application has to be paid at the time of Application.

Entitlement 1 Rights Share for every 30 Equity Shares held as on Record Date

Hatsun Agro Product Rights Issue 2022 Issue Timetable

Record Date Dec 8, 2022
Credit of Rights Entitlements Dec 15, 2022
Bid/Offer Opens On Dec 19, 2022
Renunciation of Rights Entitlements Jan 3, 2023
Bid/Offer Closes On Jan 9, 2023
Deemed Date of Allotment Jan 17, 2023
Credit Date Jan 19, 2023
Listing Date Jan 23, 2023

Company Financials

Hatsun Agro Product Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-213117.035557.02273.58
31-Mar-223541.676380.18248.25
Amount in ₹ Crore

Objects of the Issue:

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.

Hatsun Agro Product Rights Issue 2022 Documents

Hatsun Agro Product Rights Issue 2022 Rating

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Hatsun Agro Product Rights Issue 2022 Reviews

Company Contact Information

Hatsun Agro Product Ltd
Plot No. 14,
Tamil Nadu Housing Board
Sholinganallur, Chennai - 600 119, India

Phone: 044-24501622
Email: info@hap.in
Website: https://www.hap.in/

Hatsun Agro Product Rights Issue 2022 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: hatsunagro.rights@linkintime.co.in
    Website: https://linkintime.co.in/

Hatsun Agro Product Rights Issue 2022 Lead Manager(s)

Hatsun Agro Product Rights Issue 2022 FAQs

The Hatsun Agro Product Rights Issue 2022 opens on Dec 19, 2022, and closes on Jan 9, 2023.

Hatsun Agro Product Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsDec 15, 2022
Last Date for renunciation of Rights EntitlementsJan 3, 2023
Issue Opening DateDec 19, 2022
Issue Closing DateJan 9, 2023
Date of Allotment (on or about)Jan 17, 2023
Date of Credit (on or about)Jan 19, 2023
Date of Listing (on or about)Jan 23, 2023

Hatsun Agro Product Rights Issue 2022 price is set at ₹419 per share per equity share.

The eligible shareholders are being offered 1 Rights Share for every 30 Equity Shares held as on Record Date (Dec 8, 2022).

The record date for the Hatsun Agro Product Rights Issue 2022 is Dec 8, 2022.

The issue size of Hatsun Agro Product Rights Issue 2022 is of 7,185,444 equity shares at ₹419 per share aggregating upto ₹301.07 Crores.

The Letter of Offer for Hatsun Agro Product Rights Issue 2022 can be download here.

You can apply for Hatsun Agro Product Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Hatsun Agro Product Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Hatsun Agro Product Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Hatsun Agro Product Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Hatsun Agro Product Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Hatsun Agro Product Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. virat.kohli   I Like It. |Report Abuse|  Link|Dec 11, 2022 7:55:24 PMReply
This is a neutral rating for subscribe it's right issue.