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.
The company 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.
Tierra Agrotech Rights Issue 2024 Detail
| Issue Open | March 28, 2024 – April 10, 2024 |
| Security Name | Tierra 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 At | BSE |
| Terms of Payment | The full amount of the issue price of Rs. 50/- is payable at the time of application. |
| Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
Tierra Agrotech Rights Issue 2024 Issue Timetable
| Last Date to buy shares | March 15, 2024 |
| Record Date | March 18, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | March 28, 2024 |
| Renunciation of Rights Entitlements | April 3, 2024 |
| Bid/Offer Closes On | April 10, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Financials
Tierra Agrotech Ltd Financial Information (Restated Consolidated)
Tierra Agrotech Ltd’s revenue increased by 6.91% and profit after tax (PAT) dropped by -107.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 172.83 | 173.63 | 162.15 |
| Revenue | 60.71 | 56.79 | 58.37 |
| Profit After Tax | -28.21 | -13.62 | -6.27 |
| Amount in ₹ Crore | |||
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
Website: https://tierraagrotech.com/