Tierra Agrotech Right Issue Details 2024

Right Issue Status: Closed [28th Mar 2024 to 24th Apr 2024]

Rated 3/5 by Team InvestorGain

Tierra Agrotech Limited is offering a rights issue of Rs 48.47 Cr. Subscription for this rights issue is open from 28 Mar 2024 to 10 Apr 2024. The company is issuing an entitlement of 01 rights equity shares for every fully paid-up 05 equity shares held on the record date of 18 Mar 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 50 per share.

Stay connected with us to more about Tierra Agrotech Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.

Tierra Agrotech Right Issue Objective

The Objects of the Issue are:

To meet the Long Term Working Capital Requirements;
Investment in Shares of its Wholly Owned Subsidiary, namely Tierra Seed Science Private Limited and
General Corporate Purposes.

Tierra Agrotech Right Issue Details

Tierra Agrotech Issue Details	Values
Category	RightIssue
Right Issue Issue Size (Shares)	0.97 Cr Shares
Right Issue Issue Size (Amount)	₹48.47 Cr
Face Value	₹10 Per Equity Share
Right Issue - Issue Price	₹50 per share
Right Issue Record Date	18th Mar 2024
Right Issue Entitlement	1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date
Right Issue Terms of payment	The full amount of the issue price of Rs. 50/- is payable at the time of application.
Listing At	BSE
BSE Code	543531
NSE Code

Tierra Agrotech Right Issue Dates

In this section we have covered all important dates related to Tierra Agrotech 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.

Tierra Agrotech Right Issue important dates
Right Issue Activity	Date
Right Issue Issue Open Date	28th Mar 2024
Right Issue Issue Close Date	24th Apr 2024
Basis of Allotment Finalisation Date*	1st May 2024
Refunds Initiation*	16th Apr 2024
Credit of Shares to Demat Account*	3rd May 2024
Right Issue Listing Date*	9th May 2024

* - Tentative Dates

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About Company - Tierra Agrotech

Tierra Agrotech Limited was founded in September 2013. Our R&D team has a combined experience of more than 9 decades. Our team focuses on developing seeds with combined traits that are resistant to various pests and diseases, which in turn increases the productivity of the field. Our strong distribution network has enabled us to successfully deliver our products to farmers. More than 1000 distributors are associated with Tierra and play a crucial role in marketing our products. Tierra is one of the pioneers in the field of agrotechnology, a clever combination of agriculture and technology. Many scientists see this combination as part of the “Gen Next” technology that creates a market for our specialized, research-based hybrid seeds, along with the training we want to provide to agro-based companies to conduct research and succeed in the field of agriculture. vvvvvvvvvv

Tierra Agrotech Financials for past 3 Years

Past performance and financial results of Tierra Agrotech .

Tierra Agrotech Ltd Financial Information (Restated Consolidated)

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 Right Issue Live Subscription (NSE + BSE)

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

Company Address

Tierra Agrotech Ltd
1st Floor, Sravana Complex, Kamalapuri Colony Lane, Next to L V Prasad Hospital, Road No: 2, Banjara Hills
Hyderabad,Telangana-500034
India
Website: https://tierraagrotech.com/
Phone: +91 040 4850 6656
Email: [email protected]

Registrar

Venture Capital And Corporate Investments Pvt Ltd
12-10-167,
Bharat Nagar,
Hyderabad, 500018
Website: https://www.vccipl.com
Phone: 040-23818475, 23818476, 23868023
Email: [email protected]

Lead Manager

Tierra Agrotech Right Issue Offer Document (Letter of Offer) >>Document

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

Tierra Agrotech Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

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

Tierra Agrotech 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 Tierra Agrotech ? Should I apply in Tierra Agrotech Right Issue?

Last Updated on 2024-04-27T05:32:44+00:00