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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.
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 |
Last Date to buy shares | July 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 |
Assets | 280.21 | 228.11 |
Revenue | 154.51 | 139.52 |
Profit After Tax | 13.01 | 13.47 |
Amount in ₹ Crore |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
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 Limited
1, Bishop Lefroy Road,
Kolkata – 700 020
Phone: +91-22-6121-8400
Email: investor.relations@tataconsumer.com
Website: http://www.tataconsumer.com/
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
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 Entitlements | August 2, 2024 |
Last Date for renunciation of Rights Entitlements | August 12, 2024 |
Issue Opening Date | August 5, 2024 |
Issue Closing Date | August 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:
Steps to apply for Tata Consumer Products 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 Tata Consumer Products Rights Issue 2024 using Registrar's website (R-WAP)
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Tata Consumer Products Rights Issue 2024 Issue Timetable
Last Date to buy shares July 26, 2024
Record Date July 27, 2024