Tierra Agrotech Rights Issue

Tierra Agrotech Rights Issue will open for subscription from 28 March 2024. the company aims for an issue size of ₹48.47 Crores through this rights Issue.

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. It 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.

Objectives of the Issue

  • To meet the Long Term Working Capital Requirements;
  • Investment in Shares of its Wholly Owned Subsidiary, namely Tierra Seed Science Private Limited and
  • General Corporate Purposes.

Tierra Agrotech Rights Issue Timetable

Last Date to buy shares15 March 2024
Record Date18 March 2024
Credit of Rights Entitlements
Bid/Offer Opens On28 March 2024
Renunciation of Rights Entitlements16 April 2024
Bid/Offer Closes On24 April 2024
Deemed Date of Allotment01 May 2024
Credit Date03 May 2024
Listing Date09 May 2024

Tierra Agrotech Rights Issue Details

Issue OpenMarch 28, 2024 – April 24, 2024
Security NameTierra Agrotech Ltd
Issue Size (Shares)9,694,041
Issue Size (Amount)₹48.47 Crores
Issue Price₹50 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentThe full amount of the issue price of Rs. 50/- is payable at the time of application.
Entitlement1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-5.45-28.21-13.62-6.27
Net Worth101.3415.0743.4356.79
Reserves and Surplus45.41-10.0818.2831.63
Total Borrowing29.95106.9686.2561.75
(Amount in ₹ Crore)

Tierra Agrotech Rights Issue Documents

Lead Manager(s)

Tierra Agrotech Rights Issue Registrar

Venture Capital And Corporate Investments Pvt Ltd
Phone: 040-23818475, 23818476, 23868023
Email: rights@vccipl.com

Company Contact Information

Tierra Agrotech Ltd
8-2-269/19/5/A/2, 1st Floor, Sravana Complex,
Kamalapuri Colony Lane, Next to LV Prasad Hospital
Road No 2, Banjara Hills, Hyderabad – 500034

Phone: +91 040 4850 6656
Email: info@tierragrotech.com

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

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