Indrayani Biotech Rights Issue dates 27 May – 25 June 2026.
Indrayani Biotech (IBL), incorporated in 1992, operates a diversified, aggregation-led business model focused on scaling high-potential MSMEs across multiple sectors. The company identifies niche businesses with strong domain expertise and integrates them under a centralized structure, enabling operational efficiency and capital market access for value unlocking through mechanisms such as SME IPOs and equity dilution.
IBL’s operations span Food & Hospitality, Engineering, and Healthcare as core verticals, with expansion into Infrastructure, Agriculture, Biotech, and Dairy segments in recent years. The company manages a portfolio of subsidiaries, including IBL Healthcare, Dindigul Farm Products, Matrix Boilers, and HSL Agri Solutions, reflecting its multi-sector presence.
A key revenue driver is its industrial catering business, supported by a central kitchen with a capacity of 1,00,000 meals per day, currently operating at ~40% utilization (40,000 meals daily). Additional site-based kitchens collectively serve ~25,000 meals per day across industrial clients. IBL also operates in biotech and power electronics, manufacturing ~15 categories of microbial fertilizers and providing customized industrial solutions with AMC-based recurring revenue streams.
Promoters of Indrayani Biotech – Mr. G Swaminathan, Mrs. Sayee Sundar Kasiraman, Mr. S Indirakumar and Mr. M Ramesh
Indrayani Biotech Rights Issue Details
| Indrayani Biotech Rights Issue Date | 27 May – 25 June 2026 |
| Indrayani Biotech Rights Issue Price | INR 15 per share |
| Issue Size (in Shares) | 3,25,25,897 shares |
| Issue Size (in INR) | INR 48.79 crore |
| Issue Entitlement | 5 equity shares for every 7 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Indrayani Biotech Rights Issue Record Date | 28 April 2026 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Indrayani Biotech Rights Issue Calculation
| Indrayani Biotech Rights Issue Price | INR 15 per share |
| Market Price on Rights Issue Approval | INR 10.89 per share |
| Dilution Factor (X) | 1.71 |
| Fair Value After Dilution at Prevailing Price | INR 12.60 per share |
Indrayani Biotech Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 163 | 165 | 130 |
| Expenses | 145 | 142 | 124 |
| Operating Margin (%) | 11 | 14 | 5 |
| Net Income | 12 | 10 | (6) |
| ROCE (%) | 23 | 14 | 3 |
Indrayani Biotech Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To part-finance the working capital requirement of the company – INR 20.65 crore
- Set off amount from the outstanding loan given by the promoter to the company – INR 5 crore
- Set off amount from the outstanding unsecured advance received from Bougainvillea Investments (BIPL) by allotting equity shares – INR 12.75 crore
- General corporate purposes – INR 11.48 crore
Indrayani Biotech Rights Offer Documents
Indrayani Biotech Rights Issue Dates
| Rights Issue Approval Date | 9 April 2026 |
| Rights Issue Record Date | 28 April 2026 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 27 May 2026 |
| Last Date for Market Renunciation | 16 June 2026 |
| Rights Issue Closing Date | 25 June 2026 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Indrayani Biotech Rights Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
INDRAYANI BIOTECH LIMITED
Module 33, Block 1, SIDCO Electronics Complex,
Thiru Vi Ka Industrial Estate, Guindy, Chennai, 600032
Tel: +91 44-2446375
Email: [email protected]
Website: www.indrayani.com
Indrayani Biotech Rights Offer FAQs
What is the Indrayani Biotech Rights Issue Price?
The issue price is INR 15 per share.
What is the Indrayani Biotech Rights Issue entitlement ratio?
The eligible shareholders are offered 5 Equity Shares for every 7 Equity Shares held on the record date.
What is the Indrayani Biotech Rights Issue Record Date?
The Record date is 28 April 2026
How to Apply in Indrayani Biotech Rights Offer?
The best way to apply in Indrayani 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.
