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Heritage Foods Limited Rights Issue (Heritage Foods Rights Issue 2022) Detail

January 30, 2023 - February 13, 2023
Heritage Foods Limited Logo

Founded in 1992 by Mr Nara Chandrababu Naidu. Heritage Foods Limited is engaged in the business of processing and selling Dairy Products.

The company has two business divisions - Dairy and Renewable Energy. 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 company's product portfolio includes Milk, Curd, Buttermilk, Ice-cream, Frozen Desserts, Lassi and flavoured milk.

The annual turnover of Heritage Foods stood at INR 24,070 million in the financial year 2020-21.

Heritage Foods Rights Issue 2022 Detail

Issue Open January 30, 2023 - February 13, 2023
Security Name Heritage Foods Limited
Issue Size (Shares) 46,398,000
Issue Size (Amount) ₹23.20 Crores
Issue Price ₹5 per share
Face Value ₹5 per share
Listing At BSE, NSE
Terms of Payment

The entire amount is payable on the Application.

Entitlement 1 Equity Shares for every 1 Equity Shares held on the Record Date

Heritage Foods Rights Issue 2022 Issue Timetable

Record Date January 20, 2023
Credit of Rights Entitlements January 24, 2023
Bid/Offer Opens On January 30, 2023
Renunciation of Rights Entitlements February 8, 2023
Bid/Offer Closes On February 13, 2023
Deemed Date of Allotment February 21, 2023
Credit Date February 23, 2023
Listing Date February 27, 2023

Company Financials

Heritage Foods Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-22902.582692.5596.09657.55
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds raised through the Issue for financing the following objects:

  1. Meeting Working Capital requirement of our Company;
  2. General Corporate purposes; and
  3. Issue related expenses.

Heritage Foods Rights Issue 2022 Documents

Heritage Foods Rights Issue 2022 Rating

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Heritage Foods Rights Issue 2022 Reviews

Company Contact Information

Heritage Foods Limited
Regd. Off: # 6-3-541/C, Panjagutta
Hyderabad
500 082

Phone: +91-40-23391221
Email: hfl@heritagefoods.in
Website: http://www.heritagefoods.in/

Heritage Foods Rights Issue 2022 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: heritagefoods.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Heritage Foods Rights Issue 2022 Lead Manager(s)

Heritage Foods Rights Issue 2022 FAQs

The Heritage Foods Rights Issue 2022 opens on January 30, 2023, and closes on February 13, 2023.

Heritage Foods Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsJanuary 24, 2023
Last Date for renunciation of Rights EntitlementsFebruary 8, 2023
Issue Opening DateJanuary 30, 2023
Issue Closing DateFebruary 13, 2023
Date of Allotment (on or about)February 21, 2023
Date of Credit (on or about)February 23, 2023
Date of Listing (on or about)February 27, 2023

Heritage Foods Rights Issue 2022 price is set at ₹5 per share per equity share.

The eligible shareholders are being offered 1 Equity Shares for every 1 Equity Shares held on the Record Date (January 20, 2023).

The record date for the Heritage Foods Rights Issue 2022 is January 20, 2023.

The issue size of Heritage Foods Rights Issue 2022 is of 46,398,000 equity shares at ₹5 per share aggregating upto ₹23.20 Crores.

The Letter of Offer for Heritage Foods Rights Issue 2022 can be download here.

You can apply for Heritage Foods Rights Issue 2022 in two ways:

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

Steps to apply for Heritage Foods Rights Issue 2022 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 Heritage Foods Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Heritage Foods Rights Issue 2022.
  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 Heritage Foods Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Heritage Foods Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Amit Surana     Link|October 17, 2022 10:50:27 AM
Another Sandur type....

recently came across an article where promoter made hugh money from such right issue..

so maybe we can see the same here too...

SEBI should not allow such Right Issue.. or should not allow participation of Promoter at such price.. only for public it should be...
1.8. colcol     Link|February 1, 2023 8:22:44 AM
How can I apply for additional shares. Supposing I hold 100 RE, can I apply for 200 while submitting application through ASBA or is there a separate process for getting additional shares ?
1.9. HabeebH     Link|February 5, 2023 4:02:21 PM
Please share the link, this will be good for investors like me to learn the ways promoters play the games

Thanks

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