₹2,997.76 Crores | Listing at BSE, NSE | Mon, Aug 5, 2024 - Mon, Aug 19, 2024
Tata Consumer Products Limited Rights Issue comprises 3.66 Cr equity shares aggregating to ₹2,997.76 Cr, offered at an issue price of ₹818 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 27, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 26.
The term of payment is defined as following : The entire amount of the Issue Price of ₹818/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 26, 2024.
The Rights Issue opens on Aug 5, 2024, and closes on Aug 19, 2024, with renunciation of Rights Entitlements permitted up to Aug 12, 2024.
The deemed date of allotment is Aug 26, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 28, 2024 and listed at the NSE and the BSE on Aug 30, 2024.
Kotak Mahindra Capital Co.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tata Consumer Products Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Jul 27, 2024
Entitlement Ratio
1 : 26
Open Date
Mon, Aug 5, 2024
Close Date
Mon, Aug 19, 2024
The entire amount of the Issue Price of ₹818/- per Rights Equity Share shall be payable at the time of Application.
Tata Consumer Products Limited's revenue increased by 10.75% and profit after tax (PAT) dropped by -3.38% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 280.21 | 228.11 |
| Revenue | 154.51 | 139.52 |
| Profit After Tax | 13.01 | 13.47 |
| Amount in ₹ Crore | ||
Tata Consumer Products Limited, a TATA Group company, is one of India's largest FMCG companies.
Tata Consumer Products offers a variety of items, including tea, coffee, water, ready-to-drink products, salt, pulses, spices, ready-to-cook and ready-to-eat products, breakfast cereals, snacks, and mini meals. Their key beverage brands include Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+. The food portfolio includes brands such as Tata Salt, Tata Sampann, Tata Soulfull, Ching's Secret, and Smith & Jones.
The company has over 1.6 million retail outlets and customers in more than 263 million households in India. The company employs more than 4500 people worldwide.
The company recorded revenues of Rs 15,206 crore and a market capitalization of over Rs 1 lakh crore in FY 2023-24.
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is an FMCG arm of Tata group with many household brands. It has posted growth in its top lines for the last two fiscals, but posted minor setback in bottom lines for FY24 due to additional provisioning for Depreciation, amortizations, exceptional items. This RI is treated as a mini bonus from TCPL for its stakeholders. Investors may park funds for the medium to long term. Read detail review...
Tata Consumer Products Rights Issue 2024 got oversubscribed by 1.59 times by the end of the bidding period with total bid quantity received by BSE and NSE of 5,82,35,248 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Aug 19 2024 17:00:00 | 4,83,03,788 | 99,31,460 | 5,82,35,248 | 1.59x |
Tata Consumer Products Limited
1, Bishop Lefroy Road,
Kolkata – 700 020
The Tata Consumer Products Rights Issue 2024 opens on Mon, Aug 5, 2024, and closes on Mon, Aug 19, 2024.
Tata Consumer Products Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Aug 2, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Aug 12, 2024 |
| Issue Opening Date | Mon, Aug 5, 2024 |
| Issue Closing Date | Mon, Aug 19, 2024 |
| Date of Allotment (on or about) | Mon, Aug 26, 2024 |
| Date of Credit (on or about) | Wed, Aug 28, 2024 |
| Date of Listing (on or about) | Fri, Aug 30, 2024 |
You can apply for Tata Consumer Products Rights Issue 2024 in two ways:
Steps to apply for Tata Consumer Products Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Tata Consumer Products Rights Issue 2024 using Registrar's website (R-WAP)
