Hatsun Agro Product Ltd (HAP) manufactures and markets a variety of high-quality dairy products. Milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, and other goods are available for both cooking and consumption.
Over one million Indian households have grown familiar with HAP brands. Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener, and Ibaco have all grown popular nationwide.
The company also has an extensive international footprint, with dairy ingredients sold to 42 countries worldwide, particularly in the United States, the Middle East, and South Asia. Hatsun Agro Product Ltd has a total of 20 plants.
The company’s products are well-known in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Puducherry, Kerala, Maharashtra, Goa, Gujarat, Chhattisgarh, and Odisha.
Objects of the Issue:
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment or pre-payment, in full or part, of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Hatsun Agro Product Rights Issue 2022 Detail
| Issue Open | Dec 19, 2022 – Jan 9, 2023 |
| Security Name | Hatsun Agro Product Ltd |
| Issue Size (Shares) | 7,185,444 |
| Issue Size (Amount) | ₹301.07 Crores |
| Issue Price | ₹419 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The amount of Rs 419 On Application has to be paid at the time of Application. |
| Entitlement | 1 Rights Share for every 30 Equity Shares held as on Record Date |
Hatsun Agro Product Rights Issue 2022 Issue Timetable
| Record Date | Dec 8, 2022 |
| Credit of Rights Entitlements | Dec 15, 2022 |
| Bid/Offer Opens On | Dec 19, 2022 |
| Renunciation of Rights Entitlements | Jan 3, 2023 |
| Bid/Offer Closes On | Jan 9, 2023 |
| Deemed Date of Allotment | Jan 17, 2023 |
| Credit Date | Jan 19, 2023 |
| Listing Date | Jan 23, 2023 |
Hatsun Agro Product Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3117.03 | 5557.02 | 273.58 |
| 31-Mar-22 | 3541.67 | 6380.18 | 248.25 |
Company Contact Information
Hatsun Agro Product Ltd
Plot No. 14,
Tamil Nadu Housing Board
Sholinganallur, Chennai – 600 119, India
Phone: 044-24501622
Email: info@hap.in
Website: https://www.hap.in
Hatsun Agro Product Rights Issue 2022 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hatsunagro.rights@linkintime.co.in
Website: https://linkintime.co.in
Hatsun Agro Product Rights Issue 2022 Lead Manager(s)
- Axis Capital Limited
Hatsun Agro Product Rights Issue 2022 FAQs
Q1. When is Hatsun Agro Product Rights Issue 2022 coming?
Ans. The Hatsun Agro Product Rights Issue 2022 opens on Dec 19, 2022, and closes on Jan 9, 2023.
Q2. What is the schedule for Hatsun Agro Product Rights Issue 2022?
Ans. Hatsun Agro Product Rights Issue 2022 Schedule : Last Date for credit of Rights Entitlements Dec 15, 2022 Last Date for renunciation of Rights Entitlements Jan 3, 2023 Issue Opening Date Dec 19, 2022 Issue Closing Date Jan 9, 2023 Date of Allotment (on or about) Jan 17, 2023 Date of Credit (on or about) Jan 19, 2023 Date of Listing (on or about) Jan 23, 2023
Q3. What is the issue price for Hatsun Agro Product Rights Issue 2022?
Ans. Hatsun Agro Product Rights Issue 2022 price is set at ₹419 per share per equity share.
Q4. In what ratio is the Hatsun Agro Product Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 1 Rights Share for every 30 Equity Shares held as on Record Date (Dec 8, 2022).
Q5. What is the record date for Hatsun Agro Product Rights Issue 2022?
Ans. The record date for the Hatsun Agro Product Rights Issue 2022 is Dec 8, 2022.
Q6. What is the issue size of Hatsun Agro Product Rights Issue 2022?
Ans. The issue size of Hatsun Agro Product Rights Issue 2022 is of 7,185,444 equity shares at ₹419 per share aggregating upto ₹301.07 Crores.
Q7. How to apply for Hatsun Agro Product Rights Issue 2022?
Ans. You can apply for Hatsun Agro Product Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Hatsun Agro Product Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Hatsun Agro Product Rights Issue 2022 available on the list.
- Click the Apply button next to the Hatsun Agro Product Rights Issue 2022.
- Fill and check your information.
- 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 Hatsun Agro Product Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Hatsun Agro Product Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
