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Right Issue Status: Closed [30th Jan 2023 to 13th Feb 2023]
Heritage Foods Limited offers Right Issue size of Rs 23.20 Cr. The subscription is opening from 30 Jan 2023 to 13 Feb 2023. The company issues 01 right equity shares for every 01 fully paid-up equity share held on the record date of 20 Jan 2023. The face value of a share is Rs. 5 per share and the right issue price is fixed at Rs.5 per share.This listing will be done at both NSE and BSE. Stay updated with us to know more about the Heritage Foods Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the proceeds raised through the Issue for financing the following objects:
| Heritage Foods Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.64 Cr Shares |
| Right Issue Issue Size (Amount) | ₹23.20 Cr |
| Face Value | ₹5 Per Equity Share |
| Right Issue - Issue Price | ₹5 per share |
| Right Issue Record Date | 20th Jan 2023 |
| Right Issue Entitlement | 1 Equity Shares for every 1 Equity Shares held on the Record Date |
| Right Issue Terms of payment | The entire amount is payable on the Application. |
| Listing At | BSE, NSE |
| BSE Code | 519552 |
| NSE Code | HERITGFOOD |
In this section we have covered all important dates related to Heritage Foods 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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 30th Jan 2023 |
| Right Issue Issue Close Date | 13th Feb 2023 |
| Basis of Allotment Finalisation Date* | 21st Feb 2023 |
| Refunds Initiation* | 8th Feb 2023 |
| Credit of Shares to Demat Account* | 23rd Feb 2023 |
| Right Issue Listing Date* | 27th Feb 2023 |
* - Tentative Dates
Zerodha Trade@20
The Heritage Foods Limited was founded by Mr. Nara Chandrababu Naidu in the year 1992, which is one of the fastest growing Companies in India, with two business divisions - Dairy and Renewable Energy. The vision of this company is to delight the home with fresh & healthy products and empower the farmer.
The products of the company are milk-based products as defined: Fresh milk, Skimmed Milk Powder, Curd, Paneer, Cheese, Buttermilk, Flavored Milk, MilkShake, Lassi, Sweet, Ice-cream / Frozen Dessert, Ghee, Butter, cream and provides wide range variety in all these categories.
The Company has a robust R&D policy, advanced technology for manufacturing and processing, top-tier quality control, and a highly qualified team to oversee its operations. It has 18 processing plants, 187 bulk coolers, and mini chilling and chilling centers to ensure the availability of fresh and high-quality products.
Currently, Heritage's milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharastra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand & Uttar Pradesh. The annual turnover of Heritage Foods stood at INR 26,429 million in the financial year 2021-22.
Past performance and financial results of Heritage Foods.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-22 | 902.58 | 2692.55 | 96.09 | 657.55 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Heritage Foods Right Issue Offer Document (Letter of Offer) >>Document
Heritage Foods Right Issue Offer Document (Letter of Offer) >>Heritage Foods Right Issue Red Herring Prospectus is not yet available.
Heritage Foods Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Heritage Foods Right Issue Online Application (Registrar & Transfer Agent) >>Heritage Foods Right Issue RTA information is not yet available.
Last Updated on 2023-02-16T02:30:48+00:00
