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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.
| Issue Open | January 30, 2023 - February 13, 2023 |
| Security Name | Heritage Foods Limited |
| Issue Size (Shares) | 46,398,000 |
| Issue Size (Amount) | ₹23.20 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount is payable on the Application. |
| Entitlement | 1 Equity Shares for every 1 Equity Shares held on the Record Date |
| Record Date | January 20, 2023 |
| Credit of Rights Entitlements | January 24, 2023 |
| Bid/Offer Opens On | January 30, 2023 |
| Renunciation of Rights Entitlements | February 8, 2023 |
| Bid/Offer Closes On | February 13, 2023 |
| Deemed Date of Allotment | February 21, 2023 |
| Credit Date | February 23, 2023 |
| Listing Date | February 27, 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 | ||||
The Company intends to utilize the proceeds raised through the Issue for financing the following objects:
21 3.7 Rating:  Vote Here ... |
Heritage Foods Limited
Regd. Off: # 6-3-541/C, Panjagutta
Hyderabad
500 082
Phone: +91-40-23391221
Email: hfl@heritagefoods.in
Website: http://www.heritagefoods.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: heritagefoods.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Heritage Foods Rights Issue 2022 opens on January 30, 2023, and closes on February 13, 2023.
Heritage Foods Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | January 24, 2023 |
| Last Date for renunciation of Rights Entitlements | February 8, 2023 |
| Issue Opening Date | January 30, 2023 |
| Issue Closing Date | February 13, 2023 |
| Date of Allotment (on or about) | February 21, 2023 |
| Date of Credit (on or about) | February 23, 2023 |
| Date of Listing (on or about) | February 27, 2023 |
Heritage Foods Rights Issue 2022 price is set at ₹5 per share per equity share.
The eligible shareholders are being offered 1 Equity Shares for every 1 Equity Shares held on the Record Date (January 20, 2023).
The record date for the Heritage Foods Rights Issue 2022 is January 20, 2023.
The issue size of Heritage Foods Rights Issue 2022 is of 46,398,000 equity shares at ₹5 per share aggregating upto ₹23.20 Crores.
The Letter of Offer for Heritage Foods Rights Issue 2022 can be download here.
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)
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 Heritage Foods Rights Issue 2022 using Registrar's website (R-WAP)
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recently came across an article where promoter made hugh money from such right issue..
so maybe we can see the same here too...
SEBI should not allow such Right Issue.. or should not allow participation of Promoter at such price.. only for public it should be...