₹48.47 Crores | Listing at BSE | Thu, Mar 28, 2024 - Wed, Apr 24, 2024
Tierra Agrotech Ltd Rights Issue comprises 0.9694 Cr equity shares aggregating to ₹48.47 Cr, offered at an issue price of ₹50 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Mar 18, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 5.
The term of payment is defined as following : The full amount of the issue price of Rs. 50/- is payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Mar 28, 2024, and closes on Apr 24, 2024, with renunciation of Rights Entitlements permitted up to Apr 16, 2024.
The deemed date of allotment is May 1, 2024, following which the equity shares are expected to be credited to demat accounts on May 3, 2024 and listed at the BSE on May 9, 2024.
Venture Capital & Corporate Investments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tierra Agrotech Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Mar 18, 2024
Entitlement Ratio
1 : 5
Open Date
Thu, Mar 28, 2024
Close Date
Wed, Apr 24, 2024
The full amount of the issue price of Rs. 50/- is payable at the time of application.
Tierra Agrotech Ltd's revenue increased by 6.91% and profit after tax (PAT) dropped by -107.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 172.83 | 173.63 | 162.15 | |
| Revenue | 62.37 | 60.71 | 56.79 | 58.37 |
| Profit After Tax | -5.45 | -28.21 | -13.62 | -6.27 |
| Net Worth | 101.34 | 15.07 | 43.43 | 56.79 |
| Reserves and Surplus | 45.41 | -10.08 | 18.28 | 31.63 |
| Total Borrowing | 29.95 | 106.96 | 86.25 | 61.75 |
| Amount in ₹ Crore | ||||
Tierra Agrotech Limited was founded in 2012 and is a technology-driven agricultural company that produces hybrid seeds.
The company is engaged in the research, development, production, processing, and marketing of hybrid seeds for major crops such as cotton, rice, maize, mustard, tomato, and okra.
The company has an R&D facility in Hyderabad with a laboratory space of 10,000 sq. ft. with several greenhouses and more than 50 acres of breeding farms equipped with drip irrigation and other essential facilities. The company also has three other R&D units, one in Bangalore and the other two in Pune and Gurgaon. It also maintains about 30 product testing centers across the country.
The Objects of the Issue are:
[Dilip Davda] Though this RI is at a discount of around 20%, it’s a highly priced issue as the company has been posting losses for the reported periods and RI is priced with a negative P/E. The counter is manipulated and maintained above RI price to tempt investors. Low promoter holding is also a concern. Simply stay away from this pricey and dicey issue. Read detail review...
Tierra Agrotech Rights Issue 2024 got oversubscribed by 1.01 times by the end of the bidding period with total bid quantity received by BSE of 98,12,884 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 24 2024 17:00:00 | 98,12,884 | 1.01x |
Tierra Agrotech Ltd
8-2-269/19/5/A/2, 1st Floor, Sravana Complex,
Kamalapuri Colony Lane, Next to LV Prasad Hospital
Road No 2, Banjara Hills, Hyderabad - 500034
Hyderabad, Telangana, 500034
Venture Capital & Corporate Investments Ltd.
The Tierra Agrotech Rights Issue 2024 opens on Thu, Mar 28, 2024, and closes on Wed, Apr 24, 2024.
Tierra Agrotech Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 16, 2024 |
| Issue Opening Date | Thu, Mar 28, 2024 |
| Issue Closing Date | Wed, Apr 24, 2024 |
| Date of Allotment (on or about) | Wed, May 1, 2024 |
| Date of Credit (on or about) | Fri, May 3, 2024 |
| Date of Listing (on or about) | Thu, May 9, 2024 |
You can apply for Tierra Agrotech Rights Issue 2024 in two ways:
Steps to apply for Tierra Agrotech Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Tierra Agrotech Rights Issue 2024 using Registrar's website (R-WAP)
