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Rights Issue Status: Open [30th Sep 2024 to 9th Oct 2024]
Narmada Agrobase Limited offers Right Issue worth Rs 36.58 Cr. The subscription for this Rights Issue is opening from30 Sept to 9 Oct 2024. The company issues entitlement of 9 Rights equity shares for every fully paid-up 5 equity shares held on the record date 16 Sept The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs 15 for each share
Stay connected with us to more about Narmada Agrobase Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the proceeds raised through the Issue after deducting the Issue-related expenses (Net Proceeds) for the following objects:
| Narmada Agrobase Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 2.44 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹36.58 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹15 per share |
| Rights Issue Record Date | 16th Sep 2024 |
| Rights Issue Entitlement | 9 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The full amount of Rs. 15.00/- per Equity share is payable on application by Eligible Equity shareholders. |
| Listing At | BSE, NSE |
| BSE Code | 543643 |
| NSE Code | NARMADA |
In this section we have covered all important dates related to Narmada Agrobase Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 30th Sep 2024 |
| Rights Issue Issue Close Date | 9th Oct 2024 |
| Basis of Allotment Finalisation Date* | 16th Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat Account* | 22nd Oct 2024 |
| Rights Issue Listing Date* | 24th Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Narmada Agrobase Limited was founded in January 2013. The company is engaged in the production and processing of cottonseed meal cake, cattle feed and soybean meal. 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 their products are also used in the textile industry, the consumer goods industry and the paper industry.
They are manufacturers and exporters of cottonseed meal, guar gum, decolorized cottonseed, organic fertilizer and cattle feed under their own brand name of Ladoo, Narmada, Narmada Kala Sona, Narmada Super, Super Narmada, Churma and Gaay Chhaap.
Your Company has a flagship brand that enjoys a global reputation for quality products, efficient services and reliability as a stable supplier of quality products in the cattle feed industry. The products offered by us are processed using quality ingredients sourced from selected vendors in the market.
Past performance and financial results of Narmada Agrobase .
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 | ||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Narmada Agrobase Rights Issue Offer Document (Letter of Offer) >>Document
Narmada Agrobase Rights Issue Offer Document (Letter of Offer) >>Narmada Agrobase Rights Issue Red Herring Prospectus is not yet available.
Narmada Agrobase Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Narmada Agrobase Rights Issue Online Application (Registrar & Transfer Agent) >>Narmada Agrobase Rights Issue RTA information is not yet available.
Last Updated on 2024-10-05T05:32:46+00:00
