₹23.20 Crores | Listing at BSE, NSE | Mon, Jan 30, 2023 - Mon, Feb 13, 2023
Heritage Foods Limited Rights Issue comprises 4.64 Cr equity shares aggregating to ₹23.20 Cr, offered at an issue price of ₹5 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is Jan 20, 2023.
As per the terms of payment, ₹5 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 24, 2023.
The Rights Issue opens on Jan 30, 2023 and closes on Feb 13, 2023.
The deemed date of allotment is Feb 21, 2023, following which the equity shares are expected to be credited to demat accounts on Feb 23, 2023 and listed on NSE and BSE on Feb 27, 2023.
Chartered Finance Management Pvt.Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Heritage Foods Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 20, 2023
Entitlement Ratio
:
Open Date
Mon, Jan 30, 2023
Close Date
Mon, Feb 13, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-22 | 902.58 | 2692.55 | 96.09 | 657.55 |
| Amount in ₹ Crore | ||||
Founded in 1992 by Mr Nara Chandrababu Naidu. Heritage Foods Limited is engaged in the business of processing and selling Dairy Products.
The company has two business divisions - Dairy and Renewable Energy. Currently, Heritage's milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharastra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand & Uttar Pradesh.
The company's product portfolio includes Milk, Curd, Buttermilk, Ice-cream, Frozen Desserts, Lassi and flavoured milk.
The annual turnover of Heritage Foods stood at INR 24,070 million in the financial year 2020-21.
The Company intends to utilize the proceeds raised through the Issue for financing the following objects:
[Dilip Davda] This is at par RI from a consumer dairy products and cattle feed company from the South. It has been doing well and is poised for bright prospects ahead as the dairy industry is set to witness a boom. It’s a not to miss the opportunity for investors of the company as it can be termed as a mini bonus. Read detail review...
Heritage Foods Limited
Regd. Off: # 6-3-541/C, Panjagutta
Hyderabad
500 082
The Heritage Foods Rights Issue 2022 opens on Mon, Jan 30, 2023, and closes on Mon, Feb 13, 2023.
Heritage Foods Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Tue, Jan 24, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Feb 8, 2023 |
| Issue Opening Date | Mon, Jan 30, 2023 |
| Issue Closing Date | Mon, Feb 13, 2023 |
| Date of Allotment (on or about) | Tue, Feb 21, 2023 |
| Date of Credit (on or about) | Thu, Feb 23, 2023 |
| Date of Listing (on or about) | Mon, Feb 27, 2023 |
You can apply for Heritage Foods Rights Issue 2022 in two ways:
Steps to apply for Heritage Foods Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Heritage Foods Rights Issue 2022 using Registrar's website (R-WAP)
