Narmada Agrobase Rights Issue: Important Details to Check

• Narmada Agrobase Rights Issue Bid/offer opens from September 30, 2024 till October 9, 2024

• The company issued a total of 2.43 crore Equity shares amounting to Rs 36.58 crore

• The company set the rights issue price at Rs 15 per share

Narmada Agrobase Limited came up with the rights issue. The company issued a total of 24,387,685 Equity shares with a decided issue price of Rs 15 per share, a total amounting to Rs 36.58 crores. Meanwhile, the face value is reported as Rs 10 per share. The last date to purchase the shares of Narmada Agrobase to get eligible for this rights issue is September 13, 2024. It is important to note that the record date for eligibility is September 16, 2024. However, Cameo Corporate Services Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 9 Rights Equity Share(s) is used for every 5 fully paid-up Equity Shares held on Record Date. Bidding for this rights issue will be opening from September 30, 2024 till October 9, 2024.

Also Read | Sadhana Nitrochem Rights Issue: Important Details to Check

About Narmada Agrobase Limited

Narmada Agrobase Limited, established in 2013, specializes in the production and processing of cottonseed meal cake, cattle feed, and soybean meal. An ISO 9001:2015 certified company, Narmada Agrobase manufactures and exports products such as cottonseed meal, guar meal, delinted cottonseed, and organic fertilizers under brand names like “Ladoo,” “Narmada,” and “Narmada Super.” The company's products are primarily used to feed cattle, offering high protein and essential nutrients for animal health. Additionally, by-products from these items serve various industries, including textiles, consumer goods, and paper, contributing to multiple sectors beyond agriculture.

Narmada Agrobase Limited: Objectives

The Company plans to use the proceeds from the Issue, after deducting Issue-related expenses, for the following purposes: financing the acquisition of land, construction of an oil mill plant, other civil works, and the purchase of plant and machinery, meeting incremental working capital requirements, and general corporate purposes.

Important Dates for Narmada Agrobase Rights Issue

Timetable of Narmada Agrobase Rights Issue

Financial Performance of Narmada Agrobase Limited (Amt in Rs Crore)

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not yet disclosed the appointed lead manager for the rights issue. Whereas, Cameo Corporate Services Limited is appointed as a registrar for this rights issue. You can check your allotment status here. To read the letter of offer in detail, click here.

FAQs

1. What are the important dates for Narmada Agrobase's rights issue?

The important dates include the opening & closing dates of the rights issue September 30, 2024, and October 9, 2024, respectively.

2. What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Narmada Agrobase Limited, an investor can buy its shares till September 13, 2024.

3. What is the record date for the Narmada Agrobase Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is September 16, 2024.

4. How can I apply for the Narmada Agrobase Limited Rights Issue?

You can apply for Narmada Agrobase Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

5. How can I check the allotment status of the Narmada Agrobase Issue?

The registrar for this rights issue is Cameo Corporate Services Limited. You can check your allotment status here.

6. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7. Where will the Narmada Agrobase Rights Issue be listed?

The Rights Issue will be listed on the NSE and BSE.

8. What is the entitlement ratio for the Narmada Agrobase Limited Rights Issue?

The entitlement ratio is set at 9 Rights Equity Share (s) for every 5 fully paid-up equity share (s) held on the record date.

Also Read | Oriental Trimex Limited Rights Issue: Checkout the Detail