Hatsun Agro Product Ltd (HAP) manufactures and markets a range of high-quality dairy products. The company’s products include milk, curd, ice creams, dairy whitener, powdered skim milk, ghee, paneer, and many others that are suitable for both cooking and eating. More than a million Indian homes now recognise the HAP brands. Popular options across the nation include Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener, and Ibaco.
The firm also has a strong international presence, exporting dairy ingredients to 42 different nations, mostly for the American, Middle Eastern, and South Asian markets. 20 plants are owned by Hatsun Agro Product Ltd. In the states of Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Puducherry, Kerala, Maharashtra, Goa, Gujarat, Chhattisgarh, and Odisha, the company’s brands have a sizable market share.
Hatsun Agro Product Rights Issue 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 Tentative Dates
| 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 |
Company Financials
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 |
| Amount in ₹ Crore |
Objects of the Issue:
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
1. Repayment or pre-payment, in full or part, of certain outstanding borrowings availed by the Company.
2. General corporate purposes.
Rights Issue Documents
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/
Rights Issue Registrar
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hatsunagro.rights@linkintime.co.in
Website: https://linkintime.co.in/
Rights Issue Lead Manager(s)
- Axis Capital Limited
 manufactures and markets a range of high-quality dairy products. The company's){kind=link}