NHC Foods Rights Issue is scheduled on 5 – 18 December 2024
NHC Foods Limited operates primarily in the trading and export of a diverse range of food products, including spices, food grains, oil seeds, pulses, dry fruits, and other agro-commodities. Established in 1960, the company has built a reputation for its commitment to supplying bulk quantities of carefully selected products to clients in both domestic and international markets. With a robust export network, NHC Foods serves customers in over 30 countries, solidifying its position as a key player in the global food trade industry. Notably, export sales accounted for 82.88% of total revenue for FY 2024, demonstrating the company’s strong international presence.
The company operates an integrated business model that emphasizes quality and sustainability, allowing it to maintain a competitive edge in the agro-commodity sector. Its manufacturing facility located in Gujarat produces a variety of spice powders, including turmeric, chilli, coriander, cumin, and more. The company’s products are marketed under brands such as “NHC SAAZ Sa Re Kha Na” and “Indi Bite Eat the Best.”
With over three decades of experience in the agro-commodity business, NHC Foods has established long-lasting relationships with its customers. The company’s unique business model enables it to penetrate niche market segments effectively while offering a diverse range of products that meet customer expectations. This strategic approach has positioned NHC Foods as a prominent exporter of agricultural commodities, known for its dependability and superior quality across various markets worldwide.
Promoters of NHC Foods – Mr. Apoorva Himatlal Shah
NHC Foods Rights Issue Details
| NHC Foods Rights Issue Date | 5 – 18 December 2024 |
| NHC Foods Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 47,42,00,000 shares |
| Issue Size (in INR) | INR 47.42 crore |
| Issue Entitlement | 4 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| NHC Foods Rights Issue Record Date | 26 November 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
NHC Foods Rights Issue Calculation
| NHC Foods Rights Issue Price | INR 1 per share |
| Market Price on Rights Issue Approval | INR 6.77 per share |
| Dilution Factor (X) | 5 |
| Fair Value After Dilution at Prevailing Price | INR 2.15 per share |
NHC Foods Financial Performance
| FY 2023 | FY 2024 | |
| Revenue | 163.56 | 209.24 |
| Expenses | 157.40 | 203.43 |
| Operating Margin (%) | – | 3 |
| Net Income | 1.88 | 2.28 |
| RoNW (%) | 7.38 | 8.21 |
NHC Foods Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet the working capital requirement – INR 25 crore
- To make the repayment of the secured Loan – INR 15 crore
- General corporate purpose
NHC Foods Rights Offer Documents
NHC Foods Rights Issue Dates
| Rights Issue Approval Date | 19 November 2024 |
| Rights Issue Record Date | 26 November 2024 |
| Credit of Rights Entitlement | 4 December 2024 |
| Rights Issue Opening Date | 5 December 2024 |
| Last Date for Market Renunciation | 12 December 2024 |
| Rights Issue Closing Date | 18 December 2024 |
| Finalization of Basis of Allotment | 23 December 2024 |
| Rights Allotment Date | 24 December 2024 |
| Credit Date | 31 December 2024 |
| Listing Date | 2 January 2025 |
NHC Foods Rights Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: +91 33 22895101 / +91 33 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
NHC Foods Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: [email protected]
Website: www.skylinerta.com
NHC FOODS LIMITED
Survey No. 777, Umarsadi Desaiwad Road,
Village Umarsadi, Taluka Pardi,
Valsad – 396175, Gujarat, India
Phone: +91 8104472565
Email: [email protected]
Website: www.nhcgroup.com
NHC Foods Rights Offer FAQs
What is the NHC Foods Rights Issue Price?
The issue price is INR 1 per share.
What is the NHC Foods Rights Issue entitlement ratio?
The eligible shareholders are offered 4 Equity Shares for every 1 Equity Shares held on the record date.
What is the NHC Foods Rights Issue Record Date?
The Record date is 26 November 2024.
How to Apply in NHC Foods Rights Offer?
The best way to apply in NHC Foods 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.
