Hatsun Agro Product Buyback Details

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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 
Suzlon Energy Rights Issue 2022: Issue Details

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

Rights Issue Registrar

  1. 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)

  1. Axis Capital Limited


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