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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.
| 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 |
| Last Date to buy shares | September 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 27.96 | 27.32 | ||||||||||||||||||
| Revenue | 50.39 | 50.08 | ||||||||||||||||||
| Profit After Tax | 1.02 | 0.65 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
The Company intends to utilize the proceeds raised through the Issue after deducting the Issue-related expenses (Net Proceeds) for the following objects:
Narmada Agrobase Rights Issue 2024 got oversubscribed by 1.34 times by the end of the bidding period with total bid quantity received by BSE and NSE of 32,756,990 shares.
9 4.3 Rating:  Vote Here ... |
Narmada Agrobase Limited
613 / P-1, IJpura, (Jethaji),
Dhanpura Road, Tal. Jotana,
Dist. Mehsana,
Phone: 02672265165
Email: info@narmadaagrobase.com
Website: https://narmadaagrobase.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
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 Entitlements | September 27, 2024 |
| Last Date for renunciation of Rights Entitlements | October 3, 2024 |
| Issue Opening Date | September 30, 2024 |
| Issue Closing Date | October 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:
Steps to apply for Narmada Agrobase Rights Issue 2024 using Net Banking (ASBA)
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)
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