Ajooni Biotech Rights Issue is scheduled on 21 – 31 May 2024
Founded in 2010, Ajooni Biotech stands as a prominent company in animal health care solutions, devoted to enhancing the productivity of dairy farmers and promoting sustainable increases in livestock yields.
Ajooni is among the leading players in India’s compounded animal feed and feed supplements market. Its portfolio includes a comprehensive selection of high-quality cattle feed, cattle feed chips, camel feed, cotton oil cake, mustard oil cake, and a wide range of feed supplements that cater to the entire lifecycle of an animal.
The company operates two production facilities in Khanna, with a combined installed capacity for cattle feed and feed supplements of 1.60 lakh metric tons per annum. Additionally, there is one unit in Saharanpur with a feed supplement capacity of 30 lakh liters per annum.
Promoters of Ajooni Biotech – Mr. Jasjot Singh, and M/s Healthy Biosciences Private Limited
Table of Contents
Ajooni Biotech Rights Issue Details
| Ajooni Biotech Rights Issue Date | 21 – 31 May 2024 |
| Ajooni Biotech Rights Issue Price | INR 5 per share |
| Issue Size (in Shares) | 8,76,13,721 shares |
| Issue Size (in INR) | INR 43.81 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Rights Issue Record Date | 7 May 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Ajooni Biotech Rights Issue Calculation
| Ajooni Biotech Rights Issue Price | INR 5 per share |
| Market Price on Rights Issue Approval | INR 6.55 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 5.78 per share |
Ajooni Biotech Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 51.06 | 78.08 | 74.78 |
| Expenses | 50.55 | 72.61 | 73.21 |
| Operating Margin (%) | (823) | (0) | 12.52 |
| Net Income | 0.37 | 1.05 | 1.12 |
| ROCE (%) | 5.00 | 9.00 | 18.00 |
Ajooni Biotech Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To Finance Expenditure towards the Acquisition of Land, Site Development, and Other Civil Work – INR 8.07 crore
- To Acquire the Plant & Machinery – INR 8.75 crore
- To part finance the working capital requirement – INR 16 crore
- To meet General corporate purposes – INR 10.50 crore
- To meet the expenses of the Issue
Ajooni Biotech Rights Offer Documents
- Ajooni Biotech Rights Issue Application Form
- Ajooni Biotech Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Ajooni Biotech Rights Issue Dates
| Rights Issue Approval Date | 6 May 2024 |
| Rights Issue Record Date | 7 May 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 21 May 2024 |
| Last Date for Market Renunciation | 27 May 2024 |
| Rights Issue Closing Date | 31 May 2024 |
| Finalization of Basis of Allotment | 6 June 2024 |
| Rights Allotment Date | 6 June 2024 |
| Credit Date | 11 June 2024 |
| Listing Date | 14 June 2024 |
Ajooni Biotech Rights Offer Lead Manager
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone:Â +91-22-41204837
Email:Â [email protected]
Website: www.navigantcorp.com
Ajooni Biotech Rights Offer Registrar
CAMEO CORPORATE SERVICES LTD.
Subramanian Building,
1 Club House Road, Chennai 600 002
Phone:Â +044-40020700
Email:Â [email protected]
Website: www.cameoindia.com
Ajooni Biotech Contact Details
AJOONI BIOTECH LIMITED
Office: D-118, Industrial Area,
Phase VII, Mohali-160055 Punjab
Phone:Â 0172-5020758-69
Email:Â [email protected]
Website: www.ajoonibiotech.com
Ajooni Biotech Rights Offer FAQs
What is the Ajooni Biotech Rights Issue Price?
The issue price is INR 5 per share.
What is the Ajooni Biotech Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Ajooni Biotech Rights Issue Record Date?
The Record date is 7 May 2024.
How to Apply in Ajooni Biotech Rights Offer?
The best way to apply in Ajooni Biotech Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
