Narmada Agrobase Rights Issue Date, Price, Allotment, Entitlement

0

Last updated on September 24, 2024

Narmada Agrobase Rights Issue

Narmada Agrobase Rights Issue is scheduled on 30 Sep – 9 Oct 2024

Narmada Agrobase is an ISO 9001:2015 certified company specializing in the manufacturing and processing of cotton seed meal cake, cattle feed, and soybean meal. The company’s products are primarily used for cattle feed, providing high levels of protein and essential nutrients. Additionally, the by-products from its production are utilized in the textile, consumer goods, and paper industries.

Narmada Agrobase is a manufacturer and exporter of cotton seed meal, guar meal, delinted cotton seed, organic fertilizers, and cattle feed, marketed under the brand names “Churma” and “Gaay Chhaap Narmada Pashu Aahar.” The company’s production facility is located in Ahmedabad, with an installed capacity of approximately 125 metric tons per day.

Currently, the company markets its products through a network of commission agents, brokers, and distributors across Gujarat and Rajasthan. The majority of its sales come from Rajasthan. The company is planning to launch Multigrain Meal High Protein cattle feed, which is rich in protein and fiber, making it highly suitable for poultry feed as well.

Narmada Agrobase Rights Issue Dates

Promoters of Narmada Agrobase – Mr. Neerajkumar Sureshchandra Agrawal, and Mr. Suresh Chandra Gupta


Narmada Agrobase Rights Issue Details

Narmada Agrobase Rights Issue Date30 Sep – 9 Oct 2024
Narmada Agrobase Rights Issue PriceINR 15 per share
Issue Size (in Shares)2,43,87,685 shares
Issue Size (in INR)INR 36.58 crore
Issue Entitlement9 equity shares for every 5 equity shares held on record date
Terms of PaymentFully payable at the time of application
Narmada Agrobase Rights Issue Record Date16 September 2024
Face ValueINR 10 per share
Listing OnBSE, NSE

Narmada Agrobase Rights Issue Calculation

Narmada Agrobase Rights Issue PriceINR 15 per share
Market Price on Rights Issue ApprovalINR 22.47 per share
Dilution Factor (X)2.8
Fair Value After Dilution at Prevailing PriceINR 17.67 per share

Narmada Agrobase Financial Performance

 FY 2023FY 2024
Revenue50.0350.32
Expenses48.8748.76
OPM (%)4.135.14
Net income0.651.02
ROCE (%)6.888.69
Figures in INR Crores unless specified otherwise

Narmada Agrobase Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective

  • To finance expenditure towards the Acquisition of Land, Construction of Oil Mill Plant & other civil works, and Purchase of Plant & machinery – INR 7.70 crore
  • Incremental Working Capital Requirements – INR 17.87 crore
  • General Corporate Purposes – INR 9.01 crore

Narmada Agrobase Rights Offer Documents


Narmada Agrobase Rights Issue Dates

Rights Issue Approval Date10 September 2024
Rights Issue Record Date16 September 2024
Credit of Rights Entitlement27 September 2024
Rights Issue Opening Date30 September 2024
Last Date for Market Renunciation3 October 2024
Rights Issue Closing Date9 October 2024
Finalization of Basis of Allotment16 October 2024
Rights Allotment Date16 October 2024
Credit Date 22 October 2024
Listing Date24 October 2024

Narmada Agrobase Rights Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com


Narmada Agrobase Issue Contact Details

NARMADA AGROBASE LIMITED
310, Sudarshan Complex, Mithakhali Underbridge,
Navrangpura, Ahmedabad – 380009, Gujarat, India
Phone: +91-79-4037 0886
E-mail: [email protected]
Website: www.narmadaagrobase.com


Narmada Agrobase Rights Offer FAQs

What is the Narmada Agrobase Rights Issue Price?

The issue price is INR 15 per share.

What is the Narmada Agrobase Rights Issue entitlement ratio?

The eligible shareholders are offered 9 Equity Shares for every 5 Equity Shares held on the record date.

What is the Narmada Agrobase Rights Issue Record Date?

The Record date is 16 September 2024.

How to Apply in Narmada Agrobase Rights Offer?

The best way to apply in the Narmada Agrobase 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here