A potential multibagger stock NHC Foods is gaining investors attention. The shares of this company are available at ₹1 each through the rights issue, significantly lower than the current market price of approximately ₹3 per share.
As per a leading research analyst, “The rights issue by NHC Foods, a prominent exporter of agricultural commodities and spices is offering a unique and lucrative opportunity for new investors through the Rights Entitlement (RE) mechanism. The Rights Entitlement (RE), priced at just ₹1 per share compared to the current market price of approximately ₹3, is attracting investor attention as an excellent entry point for long-term investments at a significantly discounted rate.”
Investors may buy shares of NHC Foods at ₹1 per share as against the current market price of approximately ₹3 by following two simple steps.
Step 1: Buy NHC RE (BSE Symbol: NSCFO-RE) from BSE at market rate.
Step 2: Apply rights issue of NHC Foods at ₹1 per share
Investors must purchase a few Rights Entitlements (RE) from the BSE. Once acquired, these REs make them eligible to apply for any quantity of NHC Foods shares at ₹1 per share, significantly lower than the current market price of approximately ₹3.
Shareholders on record as of 26th November are eligible to apply for any number of shares in the rights issue at ₹1 per share, offering a significant discount to the current market price of approximately ₹3.
The subscription window for NHCFO-RE (Rights Entitlement) will remain open from December 5 to December 12, 2024, while the rights issue will close on December 18, 2024. The record date for NHC Foods Limited’s ₹47.42 crore rights issue was November 26, 2024.
NHC Foods is on a high growth trajectory, registering robust Revenue and Profit growth. The PAT of ₹405 lakhs in the first half of FY25, already surpassing the full-year PAT of ₹235 lakhs in FY24 indicates strong financial momentum and promising future potential.
The company continues to make strategic investments in technology and process enhancements to drive growth and maintain its competitive edge. The 3 Star Export House, NHC Foods with exports to 30+ countries is famous for some leading and signature brands like Indi Bite, Eat’mor and Saaz.
