₹36.58 Crores | Listing at BSE, NSE | Mon, Sep 30, 2024 - Wed, Oct 9, 2024
Narmada Agrobase Limited Rights Issue comprises 2.44 Cr equity shares aggregating to ₹36.58 Cr, offered at an issue price of ₹15 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 16, 2024, with the Rights Issue being offered in the entitlement ratio of 9 : 5.
The term of payment is defined as following : The full amount of Rs. 15.00/- per Equity share is payable on application by Eligible Equity shareholders.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 16, 2024.
The Rights Issue opens on Sep 30, 2024, and closes on Oct 9, 2024, with renunciation of Rights Entitlements permitted up to Oct 3, 2024.
The deemed date of allotment is Oct 16, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 22, 2024 and listed at the NSE and the BSE on Oct 24, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Narmada Agrobase Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Sep 16, 2024
Entitlement Ratio
9 : 5
Open Date
Mon, Sep 30, 2024
Close Date
Wed, Oct 9, 2024
The full amount of Rs. 15.00/- per Equity share is payable on application by Eligible Equity shareholders.
Narmada Agrobase Limited's revenue increased by 1% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 27.96 | 27.32 |
| Revenue | 50.39 | 50.08 |
| Profit After Tax | 1.02 | 0.65 |
| Amount in ₹ Crore | ||
Narmada Agrobase Limited was established in 2013 and is engaged in the production and processing of cottonseed meal cake, cattle feed and soybean meal. The company is an ISO 9001:2015 certified company.
The company manufactures and exports cottonseed meal, guar meal, delinted cottonseed, organic fertilizers, and cattle feed under the brand names “Ladoo”, “Narmada”, “Narmada Kala Sona”, “Narmada Super”, “Super Narmada” “Churma” and “Gaay Chhaap”.
The products manufactured by the company are used to feed cattle and provide a high amount of protein and other nutrients required by the animals. The by-products of these products are also used in the textile industry, the consumer goods industry and the paper industry.
The Company intends to utilize the proceeds raised through the Issue after deducting the Issue-related expenses (Net Proceeds) for the following objects:
[Dilip Davda] The company is in the business of manufacturing & processing of cotton seed meal cake, cattle feed and soya bean meal. It is operating in a highly competitive and fragmented segment. While it posted listless performances for the last two fiscals, boosted profits for Q1-FY25 raises eyebrows and concern over its sustainability. Boosted post-RI equity base may pose servicing issue. Well-informed investors may park moderate funds for long term. Read detail review...
Narmada Agrobase Rights Issue 2024 got oversubscribed by 1.34 times by the end of the bidding period with total bid quantity received by BSE and NSE of 3,27,56,990 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Oct 09 2024 17:00:00 | 1,96,39,670 | 1,31,17,320 | 3,27,56,990 | 1.34x |
Narmada Agrobase Limited
613 / P-1, IJpura, (Jethaji),
Dhanpura Road, Tal. Jotana,
Dist. Mehsana,
Mehsana, Gujarat
The Narmada Agrobase Rights Issue 2024 opens on Mon, Sep 30, 2024, and closes on Wed, Oct 9, 2024.
Narmada Agrobase Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 27, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Oct 3, 2024 |
| Issue Opening Date | Mon, Sep 30, 2024 |
| Issue Closing Date | Wed, Oct 9, 2024 |
| Date of Allotment (on or about) | Wed, Oct 16, 2024 |
| Date of Credit (on or about) | Tue, Oct 22, 2024 |
| Date of Listing (on or about) | Thu, Oct 24, 2024 |
You can apply for Narmada Agrobase Rights Issue 2024 in two ways:
Steps to apply for Narmada Agrobase Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Narmada Agrobase Rights Issue 2024 using Registrar's website (R-WAP)
