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Tata Consumer Products Limited Rights Issue (Tata Consumer Products Rights Issue 2024) Detail

August 5, 2024 - August 19, 2024
Tata Consumer Products Limited Logo

Tata Consumer Products Limited, a TATA Group company, is one of India's leading FMCG companies.

The product portfolio of Tata Consumer Products includes tea, coffee, water, ready-to-drink products, salt, pulses, spices, ready-to-cook and ready-to-eat products, breakfast cereals, snacks and mini meals. The company's key beverage brands include Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+. And the food portfolio includes brands such as Tata Salt, Tata Sampann, Tata Soulfull, Ching's Secret and Smith & Jones.

The company has over 1.6 million retail outlets and customers in more than 263 million households in India. The company employs more than 4500 people worldwide.

The company recorded consolidated revenues of Rs 15,206 crore and a market capitalization of over Rs 1 lakh crore in FY 2023-24.

Tata Consumer Products Rights Issue 2024 Detail

Issue Open August 5, 2024 - August 19, 2024
Security Name Tata Consumer Products Limited
Issue Size (Shares) 36,647,492
Issue Size (Amount) ₹2,997.76 Crores
Issue Price ₹818 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of ₹818/- per Rights Equity Share shall be payable at the time of Application.
Entitlement 1 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date

Tata Consumer Products Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 26, 2024
Record Date July 27, 2024
Credit of Rights Entitlements August 2, 2024
Bid/Offer Opens On August 5, 2024
Renunciation of Rights Entitlements August 12, 2024
Bid/Offer Closes On August 19, 2024
Deemed Date of Allotment August 26, 2024
Credit Date August 28, 2024
Listing Date August 30, 2024

Company Financials

Tata Consumer Products Limited Financial Information (Restated Consolidated)

Tata Consumer Products Limited's revenue increased by 10.75% and profit after tax (PAT) dropped by -3.38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets280.21228.11
Revenue154.51139.52
Profit After Tax13.0113.47
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Repayment in full or buyback of the commercial papers issued/refinanced by the company for financing the acquisitions of the Acquired Companies; and
  2. General corporate purposes.

Tata Consumer Products Rights Issue 2024 Subscription Status

Tata Consumer Products Rights Issue 2024 got oversubscribed by 1.59 times by the end of the bidding period with total bid quantity received by BSE and NSE of 58,235,248 shares.

Tata Consumer Products Rights Issue 2024 Documents

Tata Consumer Products Rights Issue 2024 Rating

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Tata Consumer Products Rights Issue 2024 Reviews

Company Contact Information

Tata Consumer Products Limited
1, Bishop Lefroy Road,
Kolkata – 700 020


Phone: +91-22-6121-8400
Email: investor.relations@tataconsumer.com
Website: http://www.tataconsumer.com/

Tata Consumer Products Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: tcpl.rights2024@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Tata Consumer Products Rights Issue 2024 Lead Manager(s)

  1. Kotak Mahindra Capital Company Limited
  2. Axis Capital Limited
  3. Hsbc Securities & Capital Markets Pvt Ltd

Find Tata Consumer Products Rights Issue 2024 Latest Update

Tata Consumer Products Rights Issue 2024 FAQs

The Tata Consumer Products Rights Issue 2024 opens on August 5, 2024, and closes on August 19, 2024.

Tata Consumer Products Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsAugust 2, 2024
Last Date for renunciation of Rights EntitlementsAugust 12, 2024
Issue Opening DateAugust 5, 2024
Issue Closing DateAugust 19, 2024
Date of Allotment (on or about)August 26, 2024
Date of Credit (on or about)August 28, 2024
Date of Listing (on or about)August 30, 2024

Tata Consumer Products Rights Issue 2024 price is set at ₹818 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date (July 27, 2024).

The record date for the Tata Consumer Products Rights Issue 2024 is July 27, 2024.

The issue size of Tata Consumer Products Rights Issue 2024 is of 36,647,492 equity shares at ₹818 per share aggregating upto ₹2,997.76 Crores.

The Letter of Offer for Tata Consumer Products Rights Issue 2024 can be download here.

You can apply for Tata Consumer Products Rights Issue 2024 in two ways:

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

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

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

Read more about Right Issue of Shares

41 Comments

21. Vinitha   I Like It. |Report Abuse|  Link|August 12, 2024 11:11:40 AMReply
i have HUF aCCOUNT But in net baking not able to select Beneficiary
20. AbdulGK   I Like It. |Report Abuse|  Link|August 10, 2024 5:50:42 PMReply
I am not able to apply the TCPL rights shares through axis bank mobile banking & website also.
followed the steps but demat or IPO page does not pop up.
does anybody have come across the same scenario?
please help.
Load more comments (1 replies)
20.2. Rajesh Shinde   I Like It. |Report Abuse|  Link|August 11, 2024 10:34:04 PM
I applied through ICICI netbanking, options are not available or I could not locate easily. In chat box I typed ASBA then it suggested do you want to apply for IPO then it lands on page for IPO and rights issue. Select rights issue and proceed
20.3. AbdulGK   I Like It. |Report Abuse|  Link|August 12, 2024 10:45:38 AM
problem resolved now, I think there was axis bank website issue and now i applied the rights shares succcessfully.

however, thanks for the response!
19. kaushal shah   I Like It. |Report Abuse|  Link|August 8, 2024 12:29:28 PMReply
Bank asking CAF NO for tata consumer right issue.. Which CAF NO i have to write.
19.1. Rajesh Shinde   I Like It. |Report Abuse|  Link|August 11, 2024 10:43:07 PM
Your DP ID and DP account no , write together then it is 16 digit CAF number eg IN12345678912345
19.2. Rajesh Shinde   I Like It. |Report Abuse|  Link|August 11, 2024 10:49:28 PM
Your DP ID and DP account Number write together you will get 16 digit CAF number eg IN12345678912345
18. Sanjay   I Like It. |Report Abuse|  Link|August 7, 2024 11:54:48 AMReply
I see 1 share of "Tata Consumer Rights Entile" at Rs 375.85 in my Demat. (The value is going up and down.) Do you have any idea what this is?
18.1. Ashwani   I Like It. |Report Abuse|  Link|August 7, 2024 4:10:32 PM
You have 1 rights issue credited in your account. Price+Premium to exercise this rights issue is Rs 818 per share. So Rs 818+Rs 375.85 is the current Market Value of this share. Since Rs 818 is fixed you are seeing a fluctuation in Rs 375.85 which is varying as per market value of issued shares must be around Rs 1193.85
18.2. AbdulGK   I Like It. |Report Abuse|  Link|August 10, 2024 5:44:26 PM
yes, one can sell only those additional rights issue shares at premium price in open market.
17. Sunil Kumar Sukhwal   I Like It. |Report Abuse|  Link|August 7, 2024 11:21:44 PMReply
Sir, I am not holding shares of Tata Consumer products Ltd. so I have not entitled Right shares of the company. But request U I have been applied in this company right issue. What is the procees and how I applied in this company right issue. My demat account in ICICI. direct. Com plz. Kindly help me into the matter.
17.1. Adesh jain   I Like It. |Report Abuse|  Link|August 8, 2024 9:31:12 AM
You can not apply. Pls withdraw your application or else your asba will be unblocked post allotment date
17.2. Ashwani   I Like It. |Report Abuse|  Link|August 8, 2024 11:37:11 AM
Sunil ji, You are luck at least you were able to make an application for the rights issue. I had to struggle as there is no link for application in HDFC Securities and I had to apply through HDFC Bank instead.

Now since you have made an application for Rights Issue, you will have to buy those many Rights issue that you have applied for from the open market till 12th Aug. TATACONRE symbol for Tata Consumer Products Rights Entitlement. Currently it is trading in the range of about Rs 350-375.
16. Adesh jain   I Like It. |Report Abuse|  Link|August 7, 2024 7:01:11 PMReply
How many should we apply in addition to our entitlement. I hold 1000 shares and am entitled to about 38 shares. Should I apply 100 or would I be wasting by blocking my asba?
Load more comments (1 replies)
16.2. Adesh jain   I Like It. |Report Abuse|  Link|August 8, 2024 9:33:53 AM
Ashwani ji. Not clear what you mean by +1 preference shares. I know that one can apply any no of addl shares, and allotment for addl shares is subject to issue being undersubscribed.
16.3. Ashwani   I Like It. |Report Abuse|  Link|August 8, 2024 11:03:31 AM
Adesh ji, Since you are holding 1000 shares as on record date so as per 1 for every 26 shares held you are entitled for 38 rights. Now 26x38=988 shares, so you are left with 12 fractional shares for which you kind of have a notional loss of not getting a rights issue. The company in it's offer letter has said that for the fractional part you may apply for 1 rights issue and you may get an allotment on preferential basis.

As per my understanding regarding addl shares, you may apply for those rights shares that you buy from the open market (means someone renounced by selling it to you). For those who neither renounce nor subscribe, the rights issue must get cancelled/ extinguished.

Your logic is let us apply for these "neither renounced nor subscribed rights" which may not get cancelled/ extinguished, instead the company may allot to those who apply for addl rights .You may give it a try and see what happens as there will be no loss apart from money remaining blocked in ASBA. Do post the outcome for our learning.
15. Mr.P   I Like It. |Report Abuse|  Link|August 6, 2024 1:25:21 PMReply
Can we sell right issue shares before closing of issue
15.1. Ashwani   I Like It. |Report Abuse|  Link|August 7, 2024 11:07:11 PM
You may sell it until 12 Aug...not 19 Aug which is the closing date of issue.
15.2. Adesh jain   I Like It. |Report Abuse|  Link|August 8, 2024 9:31:33 AM
Yes, you can. Contact your broker
14. A. G. PUJARI   I Like It. |Report Abuse|  Link|August 5, 2024 2:44:02 PMReply
I am holding my SB Account with SBI. However in SBIs ASBA list, the Rights Issue does not find place. Hence we are unable to apply our Rights issue of Tata Consumer Products. Has anybody applied Rights thro SBI ASBA successfully ?. SBI is a premier Banking Institution of India. It should promptly provide such facilities timely. Other small Banks are more efficient in providing such services.
14.1. Anita Agarwal,   I Like It. |Report Abuse|  Link|August 7, 2024 4:29:39 PM
I have 6 shares of Tata Consumers, Am I entitled to it’s Rights Issue, as the ratio is 26:1,
14.2. Ashwani   I Like It. |Report Abuse|  Link|August 7, 2024 11:03:15 PM
Anita Agarwal ji you have 6 fractional shares out of 26, so logically you may apply for 1 rights issue that may get allocated to you on preferential basis. Give it a shot... mila to mila varna blocked paisa vapis
13. Sujay   I Like It. |Report Abuse|  Link|August 7, 2024 2:11:36 AMReply
I have 30 shares in my demat account for which I have received 1 rights issue. Can I apply for more than 1 share?
13.1. Ashwani   I Like It. |Report Abuse|  Link|August 7, 2024 3:57:33 PM
For every 26 shares that you hold you get 1 rights issue. For the fraction part you may apply for 1 more right share and the same may be allotted to you on preferential basis upon making an application for 2 rights issue only.

In case you buy rights issues from the open market then you can apply for those additional rights that you brought from the market.
12. Arvind Deshmukh   I Like It. |Report Abuse|  Link|August 6, 2024 10:16:31 AMReply
In sbi ASBA there is two categories showing- Individual & Shareholders/Renouncies.
I am exiting shareholder and confusion is in which category I should apply.
Also SBI -ASBA has technical problems they are not accepting application.
11. RAJESH NAGARIA   I Like It. |Report Abuse|  Link|August 4, 2024 2:57:57 PMReply
Good afternoon friends,

I am holding 1200 shares of tata consumer in my Kotak demat.
I am having another demat in ICICI securities with same PAN as first holder.

Can I apply from my ICICI demat for rights share holder in my Kotak demet.

In my views company will check holdings as per PAN in their records and allot shares accordingly.
11.1. ganesh jaiswal   I Like It. |Report Abuse|  Link|August 5, 2024 10:22:47 PM
You can apply through kotak dmat only as RE shares credited in that account only.
10. Karan   I Like It. |Report Abuse|  Link|August 5, 2024 4:26:44 PMReply
what is application form number? bank is asking for application form number while submiting form offline.
9. A. G. PUJARI   I Like It. 1|Report Abuse|  Link|August 5, 2024 3:32:30 PMReply
The SBI DGM, Bangalore LHO Shri Ravi Shankar has immediately resolved the issue. Now Tata Consumer Products Rights finds place in SBI ASBA. A great thanks to SBI for prompt redressal of our requirement. 🙏🏻🙏🏻
8. RajeshD   I Like It. |Report Abuse|  Link|August 2, 2024 6:06:08 AMReply
My bank where I'm holding DMAT account does not have any online system. How can I apply for this rights issue? Is there a way I can submit application at any centralized bank?
7. Vandana   I Like It. |Report Abuse|  Link|July 31, 2024 5:40:49 PMReply
Sir,Madame, I have bought 30 shares from the market and it is credited to my DMat account. It is in my DMat Shares list on 25/07/2024. I still have not received the Offer e-mail. Am I missing something?
6. Captain McCoy   I Like It. |Report Abuse|  Link|July 30, 2024 8:14:50 PMReply
Woah!! Entitlement credited to DEMAT. I won't sell it though for the fear of having to pay atrociously high STCG. Thanks!
5. Vikash Kumar   I Like It. |Report Abuse|  Link|July 26, 2024 5:10:11 PMReply
Any information about payment terms and conditions of right issue. Entire amount payable on application or in installments..
5.1. Prachi @ Team Chittorgarh.com   I Like It. |Report Abuse|  Link|July 29, 2024 7:22:07 PM
Greetings,

Letter of offer is not yet available. As soon as it is available, we will update the payment terms.
Thanks for the feedback.
5.2. Brown angrez   I Like It. |Report Abuse|  Link|July 30, 2024 7:47:54 PM
Received Letter of Offer today evening.
4. Jon snow   I Like It. |Report Abuse|  Link|July 30, 2024 7:06:28 PMReply
Please clarify this Basic query : why don't companies sell the share in stock market at current price instead of issuing rights at discounted price?

Is that to avoid price crash?
3. W singh   I Like It. |Report Abuse|  Link|July 25, 2024 6:10:12 AMReply
Can I purchase one share and apply under buyback category under extra category
3.1. DownriteVJ   I Like It. |Report Abuse|  Link|July 25, 2024 11:27:04 AM
No its not a buy back
3.2. Wsingh   I Like It. |Report Abuse|  Link|July 27, 2024 10:20:33 PM
Sorry, I wrongly mentioned as buy back. Can I apply 1 share under extra rights offer for 0 entitled category
2. Dugardeshi   I Like It. |Report Abuse|  Link|July 25, 2024 8:36:48 PMReply
I have existing 20 shares. Can I buy 6 shares tomorrow and be eligible for it?
2.1. RAKESH GUPTA   I Like It. |Report Abuse|  Link|July 27, 2024 2:49:22 PM
COMPANY IS ALLOTING ZERO ENTITLEMENT SHARE AND CAN APPLY IN ADDITIONA SHARE AND COMPANY WILL ALLOT YOU 1 SHARE ON PREFERENCE

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