The Tierra Agrotech Ltd date has been confirmed from March 28, 2024 – April 10, 2024.
The Tierra Agrotech Ltd Developers IPO is a fixed issue size of ₹48.47 Crores. Established in 2012, Tierra Agrotech Limited is a technology-focused agriculture enterprise that creates hybrid seeds. The company’s activities include developing, producing, processing, marketing, and conducting research on hybrid seeds for important crops like rice, cotton, tomato, okra, mustard, and maize.
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Bidding Dates
Mar 28-Apr 10
Issue Size
₹48.47 Crores
Face Value
₹10 per share
Record Date
March 18, 2024
The Tierra Agrotech Ltd IPO GMP
The Tierra Agrotech Ltd Record Date is March 18, 2024.
IPO Overview
Established in 2012, Tierra Agrotech Limited is a technology-focused agriculture enterprise that creates hybrid seeds. The company’s activities include developing, producing, processing, marketing, and conducting research on hybrid seeds for important crops like rice, cotton, tomato, okra, mustard, and maize.
The company maintains an R&D centre in Hyderabad that spans 10,000 square feet and includes many greenhouses, as well as over 50 acres of breeding farms furnished with drip irrigation and other necessary amenities. Three other R&D facilities are owned by the company; two are located in Pune and Gurgaon, and one is in Bangalore. Additionally, it keeps up roughly thirty product testing facilities across the nation.
The Tierra Agrotech Ltd Rights Issue Detail
| Issue Open | March 28, 2024 – April 10, 2024 |
| Security Name | Tierra Agrotech Ltd |
| Issue Size (Shares) | 9,694,041 |
| Issue Size (Amount) | ₹48.47 Crores |
| Issue Price | ₹50 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the issue price of Rs. 50/- is payable at the time of application. |
| Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
The Tierra Agrotech Ltd Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 172.83 | 173.63 | 162.15 |
| Revenue | 60.71 | 56.79 | 58.37 |
| Profit After Tax | -28.21 | -13.62 | -6.27 |
| Amount in ₹ Crore | |||
The Tierra Agrotech Ltd IPO Timeline
| Last Date to buy shares | March 15, 2024 |
| Record Date | March 18, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | March 28, 2024 |
| Renunciation of Rights Entitlements | April 3, 2024 |
| Bid/Offer Closes On | April 10, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
The company operates a 10,000 square foot research and development centre in Hyderabad that includes multiple greenhouses, over 50 acres of breeding farms with drip irrigation, and other necessary amenities. The corporation operates three additional research and development facilities: two in Pune and Gurgaon, and one in Bangalore. About thirty product testing facilities are also kept up by it across the nation.
Registrar Info
| Name | – |
| Phone number | – |
| Email ID | – |
| Website | – |
Contact Details
| Name | Tierra Agrotech Ltd |
| Phone number | +91 040 4850 6656 |
| Email ID | info@tierragrotech.com |
| Website | tierraagrotech.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
