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Ajooni Biotech Limited Rights Issue (Ajooni Biotech Rights Issue 2024) Detail

May 21, 2024 - May 31, 2024
Ajooni Biotech Limited Logo

Ajooni Biotech Limited is a manufacturer of livestock feed and feed supplements. The company is a leading manufacturer of livestock feed and feed supplements in India. With its range of feeds, AJOONI is an emerging key player in the animal feed and aquaculture industry.

The company's product portfolio includes (i) livestock feeds such as milk fortifiers, natural calf starters, energy products etc. and (ii) feed supplements.

Ajooni Biotech Rights Issue 2024 Detail

Issue Open May 21, 2024 - May 31, 2024
Security Name Ajooni Biotech Limited
Issue Size (Shares) 87,613,721
Issue Size (Amount) ₹43.81 Crores
Issue Price ₹5 per share
Face Value ₹2 per share
Listing At NSE
Terms of Payment

Full amount of Rs.5.00 per Equity Share is payable on application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Ajooni Biotech Rights Issue 2024 Issue Timetable

Last Date to buy sharesMay 6, 2024
Record Date May 7, 2024
Credit of Rights Entitlements
Bid/Offer Opens On May 21, 2024
Renunciation of Rights Entitlements May 27, 2024
Bid/Offer Closes On May 31, 2024
Deemed Date of Allotment June 6, 2024
Credit Date June 11, 2024
Listing Date June 14, 2024

Company Financials

Ajooni Biotech Limited Financial Information (Restated)

Ajooni Biotech Limited's revenue increased by 0.95% and profit after tax (PAT) rose by 7.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets58.7329.0228.03
Revenue74.7874.08
Profit After Tax1.121.050.37
Net Worth43.9918.5141.9417.46
Reserves and Surplus26.47
Total Borrowing3.095.185.356.78
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the proceeds from the Issue towards funding the following objects.

  1. To Finance Expenditure towards Acquisition of Land, Site Development and Other Civil Work;
  2. To Acquire the Plant & Machinery;
  3. To part finance the working capital requirement; corporate purposes;
  4. To meet the expenses of the Issue.

Ajooni Biotech Rights Issue 2024 Subscription Status

Ajooni Biotech Rights Issue 2024 got oversubscribed by 1.08 times by the end of the bidding period with total bid quantity received by NSE of 94,444,540 shares.

Ajooni Biotech Rights Issue 2024 Documents

Ajooni Biotech Rights Issue 2024 Rating

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Ajooni Biotech Rights Issue 2024 Reviews

Company Contact Information

Ajooni Biotech Limited
D-118, Industrial Area,
Phase VII,
Mohali-160055

Phone: 0172-5020758-69
Email: info@ajoonibiotech.com
Website: http://www.ajoonibiotech.com/

Ajooni Biotech Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: investor@cameoindia.com
    Website: https://ipo.cameoindia.com/

Ajooni Biotech Rights Issue 2024 Lead Manager(s)

Ajooni Biotech Rights Issue 2024 FAQs

The Ajooni Biotech Rights Issue 2024 opens on May 21, 2024, and closes on May 31, 2024.

Ajooni Biotech Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 27, 2024
Issue Opening DateMay 21, 2024
Issue Closing DateMay 31, 2024
Date of Allotment (on or about)June 6, 2024
Date of Credit (on or about)June 11, 2024
Date of Listing (on or about)June 14, 2024

Ajooni Biotech Rights Issue 2024 price is set at ₹5 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (May 7, 2024).

The record date for the Ajooni Biotech Rights Issue 2024 is May 7, 2024.

The issue size of Ajooni Biotech Rights Issue 2024 is of 87,613,721 equity shares at ₹5 per share aggregating upto ₹43.81 Crores.

The Letter of Offer for Ajooni Biotech Rights Issue 2024 can be download here.

You can apply for Ajooni Biotech Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Ajooni Biotech Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Ajooni Biotech Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Ajooni Biotech Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Ajooni Biotech Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Ajooni Biotech Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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