Contents
- 1 Nirman Agri Genetics Rights Issue Overview
- 2 Nirman Agri Genetics Rights Issue 2024 Dates & TimeTable
- 3 Nirman Agri Genetics Rights Issue 2024 Offer Details
- 4 How to Apply for Nirman Agri Genetics Rights Issue 2024
- 5 Nirman Agri Genetics Financial Report
- 6 Nirman Agri Genetics Rights Issue 2024 Allotment Status
- 7 Lead Managers & Contact Information
- 8 Conclusion
The Nirman Agri Genetics Rights Issue 2024 is on the horizon, offering an exciting opportunity for investors. This article provides an in-depth look at the Nirman Agri Genetics Rights Issue 2024, including key dates, details, and how to apply. Whether you’re a seasoned investor or a newcomer, understanding this rights issue is crucial for making informed decisions.
Nirman Agri Genetics Rights Issue Overview
The Nirman Agri Genetics Rights Issue 2024 is a major event for investors interested in the agricultural sector. Nirman Agri Genetics, a prominent player in the agri-input industry, is set to open its rights issue, offering shares to existing shareholders. This move aims to raise capital for expansion and operational enhancement.
What is a Rights Issue?
A rights issue allows existing shareholders to purchase additional shares at a discounted rate, in proportion to their current holdings. This is a way for companies to raise funds without issuing new shares to the public.
Why is the Nirman Agri Genetics Rights Issue 2024 Important?
This rights issue is significant for several reasons:
- Capital Raising: It helps Nirman Agri Genetics raise funds for growth and development.
- Shareholder Benefits: Existing shareholders have the opportunity to increase their stake at a favourable price.
- Market Position: The funds raised can enhance the company’s market position and product offerings.
Nirman Agri Genetics Rights Issue 2024 Dates & TimeTable
Here are the key dates for the Nirman Agri Genetics Rights Issue 2024:
| Event | Date |
|---|---|
| Rights Issue Open | August 5, 2024 |
| Rights Issue Close | August 23, 2024 |
| Last Date to Buy Shares | July 26, 2024 |
| Rights Record Date | July 29, 2024 |
| Deemed Date of Allotment | To Be Updated |
| Renunciation of Rights Entitlements | To Be Updated |
Key Points to Remember
- Opening and Closing Dates: Ensure you are aware of the opening and closing dates to make timely decisions.
- Record Date: Only shareholders on the record date are eligible to participate in the rights issue.
Nirman Agri Genetics Rights Issue 2024 Offer Details
The Nirman Agri Genetics Rights Issue 2024 involves specific details crucial for potential investors:
| Details | Information |
|---|---|
| Rights Issue Size | ₹48.97 Crores |
| Price per Share | ₹239 |
| Face Value | ₹10 per Share |
| Listing On | NSE |
| Entitlement Ratio | 11:32 (11 rights shares for every 32 shares held) |
| Total Equity Shares Offered | 2,049,025 Shares |
Understanding the Entitlement Ratio
The entitlement ratio of 11:32 means that for every 32 shares you hold on the record date, you can buy 11 additional shares at the specified price.
Read More – Tata Consumer Products Rights Issue 2024
How to Apply for Nirman Agri Genetics Rights Issue 2024
Applying for the Nirman Agri Genetics Rights Issue 2024 can be done through two primary methods:
1. Net Banking (ASBA)
- What is ASBA? ASBA (Applications Supported by Blocked Amount) allows investors to apply for the rights issue while keeping the funds blocked in their bank account until the allotment is made.
- Steps:
- Log into your net banking account.
- Select the ASBA option and choose the Nirman Agri Genetics Rights Issue 2024.
- Fill in the required details and submit your application.
2. Registrar’s Website (R-WAP Facility)
- What is R-WAP? The Registrar’s Website Application Portal (R-WAP) facility allows investors to apply online through the registrar’s website.
- Steps:
- Visit the registrar’s website.
- Enter your details and select the Nirman Agri Genetics Rights Issue 2024.
- Complete the application process as guided.
Downloadable Forms
- Letter of Offer: Download Here
Nirman Agri Genetics Financial Report
Understanding the financial performance of Nirman Agri Genetics is essential for evaluating the rights issue. Here is a snapshot of their recent financial performance:
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | PAT (₹ Crores) |
|---|---|---|---|
| 2023 | 28.61 | 24.35 | 4.01 |
| 2024 | 63.34 | 52.40 | 10.40 |
Analysis
- Revenue Growth: There has been a significant increase in revenue from ₹28.61 Crores in 2023 to ₹63.34 Crores in 2024.
- Profit Growth: PAT has also grown from ₹4.01 Crores to ₹10.40 Crores, indicating improved profitability.
Nirman Agri Genetics Rights Issue 2024 Allotment Status
The allotment status for the Nirman Agri Genetics Rights Issue 2024 will be updated soon. Investors can check the allotment status through the registrar’s website or contact the company directly.
Lead Managers & Contact Information
Details about the lead managers for the rights issue will be updated closer to the issue date.
Company Address
Nirman Agri Genetics Ltd.
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati, Nashik-422003
Phone: 0253-2943101
Email: admin@nirmanagrigen.com
Website: Nirman Agri Genetics
Conclusion
The Nirman Agri Genetics Rights Issue 2024 presents an important opportunity for investors. With detailed information on dates, pricing, and application procedures, this guide aims to help you navigate the rights issue effectively. Ensure you understand all the details before participating to make the most of this opportunity.
