Ajooni Biotech Rights Issue is scheduled on 15 – 24 May 2024
Founded in 2010, Ajooni Biotech stands as a prominent company in animal health care solutions, devoted to enhancing the productivity of dairy farmers and promoting sustainable increases in livestock yields.
Ajooni is among the leading players in India’s compounded animal feed and feed supplements market. Its portfolio includes a comprehensive selection of high-quality cattle feed, cattle feed chips, camel feed, cotton oil cake, mustard oil cake, and a wide range of feed supplements that cater to the entire lifecycle of an animal.
The company operates two production facilities in Khanna, with a combined installed capacity for cattle feed and feed supplements of 1.60 lakh metric tons per annum. Additionally, there is one unit in Saharanpur with a feed supplement capacity of 30 lakh liters per annum.
Ajooni Biotech Rights Issue Details
| Ajooni Biotech Rights Issue Date | 15 – 24 May 2024 |
| Ajooni Biotech Rights Issue Price | INR 5 per share |
| Issue Size (in Shares) | 80,000,000 shares |
| Issue Size (in INR) | INR 40 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Rights Issue Record Date | 2 May 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Ajooni Biotech Rights Issue Profit Calculation
| Ajooni Biotech Rights Issue Price | INR 5 per share |
| Market Price on Rights Issue Approval | INR 6.05 per share |
| Rights Issue Premium on Market Price | 21% |
| Minimum Investment | INR 11.05 |
| Profit | INR 1.05 |
| Profit (%) | 9.5% |
Ajooni Biotech Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 51.06 | 78.08 | 74.78 |
| Expenses | 50.55 | 72.61 | 73.21 |
| Operating Margin (%) | (823) | (0) | 12.52 |
| Net Income | 0.37 | 1.05 | 1.12 |
| ROCE (%) | 5.00 | 9.00 | 18.00 |
Ajooni Biotech Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
Ajooni Biotech Rights Offer Documents
Ajooni Biotech Rights Issue Dates
| Rights Issue Approval Date | 26 March 2024 |
| Rights Issue Record Date | 2 May 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 15 May 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Ajooni Biotech Rights Offer Lead Manager
Coming soon
Ajooni Biotech Rights Offer Registrar
Coming soon
AJOONI BIOTECH LIMITED
Office: D-118, Industrial Area,
Phase VII, Mohali-160055 Punjab
Phone:Â 0172-5020758-69
Email: [email protected]
Website: www.ajoonibiotech.com
Ajooni Biotech Rights Offer FAQs
What is the Ajooni Biotech Rights Issue Price?
The issue price is INR 5 per share.
What is the Ajooni Biotech Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Ajooni Biotech Rights Issue Record Date?
The Record date is 2 May 2024.
How to Apply in Ajooni Biotech Rights Offer?
The best way to apply in Ajooni Biotech Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
