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Hatsun Agro Rights Issue Details 2022, Record Date, Entitlement

Right Issue Status: Closed [19th Dec 2022 to 9th Jan 2023]

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Hatsun Agro Right Issue Detail

Hatsun Agro Product Limited offers Right Issue size of Rs 301.07 Cr opening subscription from 19 Dec 2022 to 09 Jan 2023. The company issues 01 right equity shares for every 30 fully paid-up equity share held on the record date of, 08 Dec 2022. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs.419 per share. Stay updated with us to know more about the Hatsun Agro Product Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Hatsun Agro Right Issue Objective

The company intends to utilize the Net Proceeds from the Issue towards the following objects:

1. Repayment or pre-payment, in full or part, of certain outstanding borrowings availed by the Company.

2. General corporate purposes.

Hatsun Agro Right Issue Details

Hatsun Agro Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 0.72 Cr Shares
Right Issue Issue Size (Amount) ₹301.07 Cr
Face Value ₹1 Per Equity Share
Right Issue - Issue Price ₹419 per share
Right Issue Record Date 8th Dec 2022
Right Issue Entitlement 1 Rights Share for every 30 Equity Shares held as on Record Date
Right Issue Terms of payment

The amount of Rs 419 On Application has to be paid at the time of Application.

Listing At BSE, NSE
BSE Code 531531
NSE Code HATSUN

Hatsun Agro Right Issue Dates

In this section we have covered all important dates related to Hatsun Agro Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Hatsun Agro Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 19th Dec 2022
Right Issue Issue Close Date 9th Jan 2023
Basis of Allotment Finalisation Date* 17th Jan 2023
Refunds Initiation* 3rd Jan 2023
Credit of Shares to Demat Account* 19th Jan 2023
Right Issue Listing Date* 23rd Jan 2023

* - Tentative Dates

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About Company - Hatsun Agro

Hatsun Agro Product Limited was incorporated in 1986. It is a dairy company based in south India. Its business model in India consists of procurement, processing, distribution, and marketing operations of dairy products. They procure milk from farmers through Hatsun Milk Banks (HMB) and Active Bulk Coolers (ABCs) and manufacture various dairy-based products such as milk, curd, ghee, butter, paneer, ice cream, chocolates, yogurt, skimmed milk powder, lassi, buttermilk, cheese spread, and dairy whitener.

Hatsun Agro primarily markets milk and curd under its brand names 'Arokya' and 'Hatsun' and ice-creams under its brand name 'Arun'. Further, it operates its own outlets under its brand name of 'IBACO' to sell ice creams, chocolates, and ice-cream cakes. Hatsun Agro also manufactures and sells cattle feed under its brand name 'Santosa' to farmers through its procurement network.

Hatsun Agro Limited procure milk from milk farmers through its HMBs and ABCs. This supply chain network includes procurement of milk from various districts across the states of Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and Maharashtra through over 9,304 HMBs and 1,304 ABCs as on September 30, 2022.

Hatsun Agro Financials for past 3 Years

Past performance and financial results of Hatsun Agro.

Hatsun Agro Product Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-213117.035557.02273.58
31-Mar-223541.676380.18248.25
Amount in ₹ Crore

Hatsun Agro Right Issue Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

    Hatsun Agro Product Limited
    No.41 (49), Janakiram Colony Main Road, Janakiram Colony
    Arumbakkam,Chennai-600106
    India
    Website: https://www.hap.in/
    Phone: 044-24501622
    Email: [email protected]

    Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/Initial_Offer/public-issues.html
    Phone: +91-22-4918 6270
    Email: [email protected]

    Lead Manager

    1. Axis Capital Limited

    Hatsun Agro Right Issue Offer Document (Letter of Offer) >>Document

    Hatsun Agro Right Issue Offer Document (Letter of Offer) >>Hatsun Agro Right Issue Red Herring Prospectus is not yet available.

    Hatsun Agro Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Hatsun Agro Right Issue Online Application (Registrar & Transfer Agent) >>Hatsun Agro Right Issue RTA information is not yet available.

    Hatsun Agro Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Hatsun Agro? Should I apply in Hatsun Agro Right Issue?

    Last Updated on 2023-02-14T23:30:57+00:00


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