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Narmada Agrobase Limited Rights Issue (Narmada Agrobase Rights Issue 2024) Detail

September 30, 2024 - October 9, 2024
Narmada Agrobase Limited Logo

Narmada Agrobase Limited was established in 2013 and is engaged in the production and processing of cottonseed meal cake, cattle feed and soybean meal. The company is an ISO 9001:2015 certified company.

The company manufactures and exports cottonseed meal, guar meal, delinted cottonseed, organic fertilizers, and cattle feed under the brand names “Ladoo”, “Narmada”, “Narmada Kala Sona”, “Narmada Super”, “Super Narmada” “Churma” and “Gaay Chhaap”.

The products manufactured by the company are used to feed cattle and provide a high amount of protein and other nutrients required by the animals. The by-products of these products are also used in the textile industry, the consumer goods industry and the paper industry.

Narmada Agrobase Rights Issue 2024 Detail

Issue Open September 30, 2024 - October 9, 2024
Security Name Narmada Agrobase Limited
Issue Size (Shares) 24,387,685
Issue Size (Amount) ₹36.58 Crores
Issue Price ₹15 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The full amount of Rs. 15.00/- per Equity share is payable on application by Eligible Equity shareholders.

Entitlement 9 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Narmada Agrobase Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 13, 2024
Record Date September 16, 2024
Credit of Rights Entitlements September 27, 2024
Bid/Offer Opens On September 30, 2024
Renunciation of Rights Entitlements October 3, 2024
Bid/Offer Closes On October 9, 2024
Deemed Date of Allotment October 16, 2024
Credit Date October 22, 2024
Listing Date October 24, 2024

Company Financials

Narmada Agrobase Limited Financial Information (Restated)

Narmada Agrobase Limited's revenue increased by 1% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets27.9627.32
Revenue50.3950.08
Profit After Tax1.020.65
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds raised through the Issue after deducting the Issue-related expenses (Net Proceeds) for the following objects:

  1. To finance expenditure towards the Acquisition of Land, Construction of Oil Mill Plant & other civil works and Purchase of Plant & Machineries;
  2. Incremental Working Capital Requirements; and
  3. General Corporate Purpose.

Narmada Agrobase Rights Issue 2024 Documents

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Company Contact Information

Narmada Agrobase Limited
613 / P-1, IJpura, (Jethaji),
Dhanpura Road, Tal. Jotana,
Dist. Mehsana,

Phone: 02672265165
Email: info@narmadaagrobase.com
Website: https://narmadaagrobase.com/

Narmada Agrobase Rights Issue 2024 Registrar

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

Narmada Agrobase Rights Issue 2024 Lead Manager(s)

Find Narmada Agrobase Rights Issue 2024 Latest Update

Narmada Agrobase Rights Issue 2024 FAQs

The Narmada Agrobase Rights Issue 2024 opens on September 30, 2024, and closes on October 9, 2024.

Narmada Agrobase Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 27, 2024
Last Date for renunciation of Rights EntitlementsOctober 3, 2024
Issue Opening DateSeptember 30, 2024
Issue Closing DateOctober 9, 2024
Date of Allotment (on or about)October 16, 2024
Date of Credit (on or about)October 22, 2024
Date of Listing (on or about)October 24, 2024

Narmada Agrobase Rights Issue 2024 price is set at ₹15 per share per equity share.

The eligible shareholders are being offered 9 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (September 16, 2024).

The record date for the Narmada Agrobase Rights Issue 2024 is September 16, 2024.

The issue size of Narmada Agrobase Rights Issue 2024 is of 24,387,685 equity shares at ₹15 per share aggregating upto ₹36.58 Crores.

The Letter of Offer for Narmada Agrobase Rights Issue 2024 can be download here.

You can apply for Narmada Agrobase Rights Issue 2024 in two ways:

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

Steps to apply for Narmada Agrobase 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 Narmada Agrobase Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Narmada Agrobase 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 Narmada Agrobase Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Narmada Agrobase 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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