Harshil Agrotech Rights Issue dates are 10 Jan – 5 Feb 2025.
Established in 1972, Harshil Agrotech operates primarily in the agriculture sector, focusing on the manufacture, import, export, and trading of a wide range of agricultural products. The company is involved in producing commodities such as spices, oilseeds, grains, and various fertilizers and pesticides. With a commitment to sustainable practices and modern agricultural techniques, Harshil Agrotech aims to enhance farming efficiency and promote organic farming solutions.
The company has a market capitalization of approximately INR 630 crore. It has shown significant growth in its financial performance, with a compounded profit growth rate of 39.8% over the past five years. The company is almost debt-free, which enhances its economic stability and allows for reinvestment into growth initiatives.
Promoters of Harshil Agrotech – Mr. Pankaj Kumar Patel
Table of Contents
Harshil Agrotech Rights Issue Details
| Harshil Agrotech Rights Issue Date | 10 Jan – 5 Feb 2025 |
| Harshil Agrotech Rights Issue Price | INR 2.43 per share |
| Issue Size (in Shares) | 20,32,00,000 shares |
| Issue Size (in INR) | INR 49.38 crore |
| Issue Entitlement | 2 equity shares for every 5 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Harshil Agrotech Rights Issue Record Date | 31 December 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Harshil Agrotech Rights Issue Calculation
| Harshil Agrotech Rights Issue Price | INR 2.43 per share |
| Market Price on Rights Issue Approval | INR 4.90 per share |
| Dilution Factor (X) | 1.4 |
| Fair Value After Dilution at Prevailing Price | INR 4.19 per share |
Harshil Agrotech Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 0.16 | 3.84 | 12.93 |
| Expenses | 0.33 | 3.19 | 11.94 |
| Operating Margin (%) | (106.25) | 16.93 | 7.66 |
| Net Income | (0.22) | 0.55 | 0.80 |
| ROCE (%) | (34.48) | 86.25 | 16.41 |
Harshil Agrotech Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Working capital requirement
- General corporate purposes
- To meet the expenses of the issue
Harshil Agrotech Rights Offer Documents
- Harshil Agrotech Rights Issue Application Form
- Harshil Agrotech Letter of Offer
- Board Meeting Outcome
- Harshil Agrotech Draft Letter of Offer
- Rights Issue in 2024
Harshil Agrotech Rights Issue Dates
| Rights Issue Approval Date | 24 December 2024 |
| Rights Issue Record Date | 31 December 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 10 January 2025 |
| Last Date for Market Renunciation | 5 February 2025 |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Harshil Agrotech Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit no. 9, Shiv Shakti Ind. Estt. J. R. Boricha Marg,
Lower Parel (E) Mumbai 400 011
Phone:Â +91 22 4961 4132
Email:Â [email protected]
Website:Â www.purvashare.com
Harshil Agrotech Contact Details
HARSHIL AGROTECH LIMITED
SF 213, I-Square Near Shukan Mall, Science City Road,
Sola, Daskroi, Ahmedabad, Gujarat, 380060
Phone:Â +91 9998757577
Email: [email protected]
Website: www.harshilagrotech.com
Harshil Agrotech Rights Offer FAQs
What is the Harshil Agrotech Rights Issue Price?
The issue price is INR 2.43 per share.
What is the Harshil Agrotech Rights Issue entitlement ratio?
The eligible shareholders are offered 2 Equity Shares for every 5 Equity Shares held on the record date.
What is the Harshil Agrotech Rights Issue Record Date?
The Record date is 31 December 2024.
How to Apply in Harshil Agrotech Rights Offer?
The best way to apply in the Harshil Agrotech 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.
