Heritage Foods Limited was established in 1992, and it processes and sells dairy products. Dairy and Renewable Energy are the two business divisions of the organisation. Currently, Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharastra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh are among the states that sell Heritage’s milk and milk-related products like curd and etc.
The company’s product portfolio includes Milk, Curd, Buttermilk, Ice-cream, Frozen Desserts, Lassi and flavoured milk. The annual turnover of Heritage Foods stood at INR 24,070 million in the financial year 2020-21.
The corporation has posted the rights issue record date as Announced Soon. The company Heritage Foods Rights Offering Price of this issue has been declared at 5 per share as per the face value of 5. The company will offer 4,63,98,000 Shares through this rights issue and with this issue, the company will raise 23.20 Crores.
Heritage Foods Rights Issue Details
| Issue Open | Jan 30, 2023 – Feb 13, 2023 |
| Security Name | Heritage Foods Limited |
| Issue Size (Shares) | 46,398,000 |
| Issue Size (Amount) | ₹23.20 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 1 Equity Shares for every 1 Equity Shares held on the Record Date |
Heritage Foods Rights Issue Timetable
| Record Date | Jan 20, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | Jan 30, 2023 |
| Renunciation of Rights Entitlements | Feb 8, 2023 |
| Bid/Offer Closes On | Feb 13, 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| 31-Mar-22 | 902.58 | 2692.55 | 96.09 | 657.55 |
| Amount in ₹ Crore |
Rights Issue Documents
Company Contact Information
Heritage Foods Limited
Regd. Off: # 6-3-541/C, Panjagutta
Hyderabad
500 082
Phone: +91-40-23391221
Email: hfl@heritagefoods.in
Website: http://www.heritagefoods.in/
Rights Issue Registrar
Rights Issue Lead Manager(s)
- Chartered Finance Management Ltd
