Tierra Agrotech Ltd Right Issue

₹48.47 Cr BSE 28 Mar 2024 – 24 Apr 2024

Closed Ratio: 1 : 5 BSE
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Issue Price
₹50.00
Face Value
₹10.00
Issue Size (Shares)
9,694,041
Issue Size (₹ Cr.)
₹48.47
📅 Right Issue Timetable
Last Date to Buy SharesFri, Mar 15, 2024
Record DateMon, Mar 18, 2024
Credit of Rights Entitlements
Bid/Offer Opens OnThu, Mar 28, 2024
Issue Open DateThu, Mar 28, 2024
Renunciation Last DateTue, Apr 16, 2024
Bid/Offer Closes OnWed, Apr 24, 2024
Issue Close DateWed, Apr 24, 2024
Deemed Date of AllotmentWed, May 1, 2024
Credit DateFri, May 3, 2024
Listing DateThu, May 9, 2024
📋 Right Issue Details
Issue Size (Shares)9,694,041
Issue Size (Amount)₹48.47 Cr.
Issue Price₹50.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 5
Listing AtBSE
Terms of PaymentThe full amount of the issue price of Rs. 50/- is payable at the time of application.
📊 Company Financials (Restated)
Period Ended2023-12-312023-03-312022-03-31
Income62.3760.7156.79
EBITDA
Net Worth101.3415.0743.43
Reserves & Surplus45.41-10.0818.28

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To meet the Long Term Working Capital Requirements;
2Investment in Shares of its Wholly Owned Subsidiary, namely Tierra Seed Science Private Limited and
3General Corporate Purposes.
🏢 About the Company
Tierra Agrotech Limited was founded in 2012 and is a technology-driven agricultural company that produces hybrid seeds.

The company is engaged in the research, development, production, processing, and marketing of hybrid seeds for major crops such as cotton, rice, maize, mustard, tomato, and okra.

The company has an R&D facility in Hyderabad with a laboratory space of 10,000 sq. ft. with several greenhouses and more than 50 acres of breeding farms equipped with drip irrigation and other essential facilities. The company also has three other R&D units, one in Bangalore and the other two in Pune and Gurgaon. It also maintains about 30 product testing centers across the country.
📞 Company Contact
CompanyTierra Agrotech Ltd
Address8-2-269/19/5/A/2, 1st Floor, Sravana Complex,
Kamalapuri Colony Lane, Next to LV Prasad Hospital
Road No 2, Banjara Hills, Hyderabad - 500034
Hyderabad, Telangana, 500034
Phone+91 040 4850 6656
Emailinfo@tierragrotech.com
WebsiteVisit ↗
📝 Registrar
NameVenture Capital & Corporate Investments Ltd.
Phone040-23818475/23818476
Emailrights@vccipl.com
WebsiteVisit ↗