Arunjyoti Bio Ventures Rights Issue will open for subscription from 26 March 2024. the company aims for an issue size of ₹33.13 Crores through this rights Issue.
About the company
Incorporated in 1986, Arunjyoti Bio Ventures Ltd is a production and logistics company specializing in providing high-quality co-packing services for a multinational corporation. The company focuses on meeting its MNC partner’s unique needs. Arunjyoti Bio is a co-packing company specialising in various beverages, such as non-carbonated drinks, juices, and energy drinks. The company has a highly skilled team, and state-of-the-art facilities enable it to handle large-scale production runs efficiently and deliver high-quality products on time.
The company has two state-of-the-art plants: one in Telangana and the other in Andhra Pradesh. The manufacturing plant located in Kallem, Jangaon, Telangana, is spread across 4 acres and has a built-in plant of 60,000 sq. ft, with three manufacturing lines. The second unit is located in Annadevarapeta, Kovvur, Andhra Pradesh, which is spread across 3.2 acres and has a built-in plant of 60,000 sq. ft, with two manufacturing lines. As of January 2024, the company employs 136 people dedicated to marketing and sales of its products.
Objectives of the Issue
- Conversion of unsecured loans availed by the company from the Promoters;
- To augment the existing and incremental working capital requirement of the company
- General Corporate Purposes
Arunjyoti Bio Ventures Rights Issue Timetable
| Last Date to buy shares | 11 March 2024 |
| Record Date | 12 March 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 26 March 2024 |
| Renunciation of Rights Entitlements | 02 April 2024 |
| Bid/Offer Closes On | 12 April 2024 |
| Deemed Date of Allotment | 20 April 2024 |
| Credit Date | 25 April 2024 |
| Listing Date | 29 April 2024 |
Arunjyoti Bio Ventures Rights Issue Details
| Issue Open | March 26, 2024 – April 12, 2024 |
| Security Name | Arunjyoti Bio Ventures Ltd |
| Issue Size (Shares) | 16,567,200 |
| Issue Size (Amount) | ₹33.13 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs 20/- per Equity Share is payable on application. |
| Entitlement | 8 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 42.69 | 35.91 | 2.10 | 4.70 |
| Revenue | 6.02 | 1.74 | 3.25 | 5.51 |
| Profit After Tax | -1.33 | 0.12 | 0.06 | 0.07 |
| Net Worth | 0.79 | 2.12 | 2.00 | 1.95 |
| Reserves and Surplus | -1.28 | 0.04 | -0.07 | -0.13 |
| Total Borrowing | 41.53 | 32.27 |
Arunjyoti Bio Ventures Rights Issue Documents
Lead Manager(s)
- Bajaj Capital Limited
Rights Issue Registrar
Venture Capital And Corporate Investments Pvt Ltd
Phone: 040-23818475, 23818476, 23868023
Email: pvsrinivas@vccipl.com
Website: https://www.vccipl.com
Company Contact Information
Arunjyoti Bio Ventures Ltd
Door No.1-98/1/JSIC/6F/604-B6th Floor
Jain Sadhguru Capital Park, Beside Image Gardens
Madhapur, Shaikpet, Hyderabad– 500081
Phone: + 91 40-66684220
Email: accounts@pasura.com
Website: https://www.abvl.co.in/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
