₹47.42 Crores | Listing at BSE | Thu, Dec 5, 2024 - Wed, Dec 18, 2024
Nhc Foods Ltd Rights Issue comprises 47.42 Cr equity shares aggregating to ₹47.42 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Nov 26, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : The full amount is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 24, 2024.
The Rights Issue opens on Dec 5, 2024, and closes on Dec 18, 2024, with renunciation of Rights Entitlements permitted up to Dec 12, 2024.
The deemed date of allotment is Dec 24, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 31, 2024 and listed at the BSE on Jan 2, 2025.
Finshore Management Services Ltd. is the Lead Manager to the issue and Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Nhc Foods Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Nov 26, 2024
Entitlement Ratio
4 : 1
Open Date
Thu, Dec 5, 2024
Close Date
Wed, Dec 18, 2024
The full amount is payable on application.
Nhc Foods Ltd's revenue increased by 28.75% and profit after tax (PAT) rose by 33.65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 97.37 | 69.50 | 64.44 |
| Revenue | 211.30 | 164.11 | 154.06 |
| Profit After Tax | 2.35 | 1.76 | 1.47 |
| Reserves and Surplus | 15.92 | 13.63 | 11.75 |
| Amount in ₹ Crore | |||
Incorporated on 1992, as Midpoint Software Electro Systems Limited, the company merged with NHC Industries Private Limited on September 7, 2010, and subsequently changed its name to NHC Foods Limited.
The company has established itself as a prominent exporter of spices and agricultural commodities, with a strong focus on quality and sustainability. Over time, they have positioned themselves as a fast-growing entity in the spice and agro-commodities sector.
NHC Foods Limited is primarily engaged in trading a diverse range of food products, including spices, food grains, oil seeds, pulses, dry fruits, and other agro-commodities. Recognized for their commitment to supplying bulk quantities of these carefully selected products, they cater to the diverse needs of their esteemed customers in both domestic and international markets. With a robust export network, NHC Foods serves clients in over 30 countries, making them a key player in the international food trade industry.
They intend to utilize the Right Issue proceeds for the following objects:
[Dilip Davda] The company is engaged in trading of agri commodities, dry fruits, etc. and deriving over 80% income from exports. Post-RI, its equity will be five fold and considering minuscule net profits earned till FY24, it may face capital servicing issue. Though this RI is at par, well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
NHC Foods Rights Issue 2024 got oversubscribed by 2.9 times by the end of the bidding period with total bid quantity received by BSE of 1,37,33,36,683 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 18 2024 17:00:00 | 1,37,33,36,683 | 2.90x |
Nhc Foods Ltd
Survey No. 777
Umarsadi Desaiwad Road
Village Umarsadi, Taluka Pardi, Valsad - 396175
Valsad, Gujarat, 396175
Skyline Financial Services Pvt.Ltd.
The NHC Foods Rights Issue 2024 opens on Thu, Dec 5, 2024, and closes on Wed, Dec 18, 2024.
NHC Foods Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Dec 4, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Dec 12, 2024 |
| Issue Opening Date | Thu, Dec 5, 2024 |
| Issue Closing Date | Wed, Dec 18, 2024 |
| Date of Allotment (on or about) | Tue, Dec 24, 2024 |
| Date of Credit (on or about) | Tue, Dec 31, 2024 |
| Date of Listing (on or about) | Thu, Jan 2, 2025 |
You can apply for NHC Foods Rights Issue 2024 in two ways:
Steps to apply for NHC Foods Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for NHC Foods Rights Issue 2024 using Registrar's website (R-WAP)
