₹3,377.73 Crores | Listing at BSE, NSE | Thu, Dec 5, 2024 - Tue, Dec 17, 2024
Upl Limited Rights Issue comprises 9.38 Cr equity shares aggregating to ₹3,377.73 Cr, offered at an issue price of ₹360 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Nov 26, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 8.
The term of payment is defined as following : The amount payable per Rights Equity Share: On Application: Rs 90. On one or more additional Calls with terms and conditions such as the number of Calls and the timing and quantum of each Call as may be decided by the Board / Rights Issue Committee from time to time: Rs 270.
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 17, 2024, with renunciation of Rights Entitlements permitted up to Dec 11, 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 30, 2024 and listed at the NSE and the BSE on Jan 1, 2025.
Axis Bank 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 Upl Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Nov 26, 2024
Entitlement Ratio
1 : 8
Open Date
Thu, Dec 5, 2024
Close Date
Tue, Dec 17, 2024
The amount payable per Rights Equity Share:
Upl Limited's revenue decreased by -19.37% and profit after tax (PAT) dropped by -142.55% 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 | 87,546.00 | 88,577.00 | 82,679.00 |
| Revenue | 43,581.00 | 54,053.00 | 46,521.00 |
| Profit After Tax | -1,878.00 | 4,414.00 | 4,437.00 |
| Net Worth | 24,807.00 | 26,858.00 | |
| Reserves and Surplus | 23,541.00 | 25,688.00 | 22,192.00 |
| Amount in ₹ Crore | |||
Incorporated in 1985, Upl Limited deals in agricultural solutions and offers innovative products and services across the crop lifecycle.
They offer fungicides, herbicides, seeds and agronomic services for farmers. With its commitment to sustainable food systems, the company helps farmers to increase yields and reduce production costs.
The company has expanded its portfolio beyond crop protection and now also offers post-harvest solutions and animal health products, such as veterinary vaccines.
They divided its business into three segments:
The Company intends to utilise the Net Proceeds towards the following objects:
[Dilip Davda] The company is fifth largest agro chemical company providing all agri related crop protection products, seeds etc., and other services. It marked losses from FY24 onwards due to accounting adjustments for impairment of trade receivables and exchange differences. The RI is priced at a discount of around 36.65% to its last traded price. Its higher trade receivables raise concern and may have impact on its working for a while. Well-informed investors may park funds for long term. Read detail review...
UPL Rights Issue 2024 got oversubscribed by 1.91 times by the end of the bidding period with total bid quantity received by BSE and NSE of 17,90,12,910 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Dec 17 2024 17:00:00 | 11,46,66,287 | 6,43,46,623 | 17,90,12,910 | 1.91x |
Upl Limited
3-11,
G.I.D.C,, Vapi
Valsad, 396195
Valsad, Gujarat, 396195
The UPL Rights Issue 2024 opens on Thu, Dec 5, 2024, and closes on Tue, Dec 17, 2024.
UPL Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Dec 4, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Dec 11, 2024 |
| Issue Opening Date | Thu, Dec 5, 2024 |
| Issue Closing Date | Tue, Dec 17, 2024 |
| Date of Allotment (on or about) | Tue, Dec 24, 2024 |
| Date of Credit (on or about) | Mon, Dec 30, 2024 |
| Date of Listing (on or about) | Wed, Jan 1, 2025 |
You can apply for UPL Rights Issue 2024 in two ways:
Steps to apply for UPL Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for UPL Rights Issue 2024 using Registrar's website (R-WAP)
