DSJ Keep Learning Limited Rights Issue: Important Details To Know

DSJ Keep Learning Limited is coming with its rights issue in the coming week. The last date to buy shares is Monday, May 13, 2024. The bid offer opening dates and closing dates are yet to be announced. The record date of this new issue is Tuesday, May 14, 2024. The issue size is of 68,124,036 equity shares amounting to Rs 6.81 crores. The issue price is set at Rs 1 per share, and the face value is at Rs 1 per share. This issue will allow existing shareholders to buy DSJ Keep Learning equity shares at a discounted price. Currently, DSJ Keep Learning's share price is Rs 5.55 per share. The eligible shareholders are being offered seven Rights Equity shares for every nine fully paid up equity shares held on a May 14, 2024, record date. The payment terms are decided as the full amount of Rs 1 per share is payable on application. Through this rights issue, the company plans to raise Rs 6.81 crores. The registrar for this issue is Link Intime India Private Limited lead managers for this issue are not yet announced.

About DSJ Keep Learning Limited Company Profile

DSJ Keep Learning Limited, founded in 1989, is in the business of providing comprehensive educational services. The company’s services include campus enablement, online programs for continuing education, quality assurance mentoring for institutes and universities, research publications, etc. The company also provides Keep Learning OS, an IT enabled product for educational institutions that automates the entire education system from admission, results, class schedule assignments etc. KOS is used by more than 200 faculty members and 2300 students. The company has 3 main lines of business: Student Recruitment Services, Technology Platform, Program delivery and management services. In Staff Recruitment Services, the company provides staffing, processes and technology to the higher education institutions, enabling them to outsource their entire student admission process. The company offers a SAAS platform to manage all institution’s academics and institutional operations. The program delivery and management services provide trained personnel, processes and technology to higher education institutions to deliver their offline degree programs online. 

Objectives of the DSJ Keep Learning Limited Rights Issue

The net proceeds from this rights issue will be used to repay or prepay the unsecured loan the company availed itself of from the promoter entity. The funds will also be used to meet the cost of software development expenses, program delivery, and management services, as well as general corporate expenses. 

Financials Details of DSJ Keep Learning Limited  (Amt in Rs Crores)

DSJ Keep Learning Limited posted a revenue of Rs 149.13 crore and net profit of Rs 0.42 crore for the period ending on 31 March 2023. The company’s revenue increased by 16.09% and PAT declined by -95.11% between the FY ending on 31 March 2023 and 31 March 2022. 

Important Details for DSJ Keep Learning Limited Rights Issue

Timetable of DSJ Keep Learning Limited Rights Issue

How to Apply for DSJ Keep Learning Limited Rights Issue?

Wait for the public issue to open for subscription, then click here to apply for the DSJ Keep Learning Limited Rights Issue with Bigul. 

How do you check the allotment status of the DSJ Keep Learning Limited Rights issue?

The registrar for this upcoming rights issue is Link Intime India Private Limited. Inventors can check the allotment by clicking here. 

FAQs

1. What are the details of DSJ Keep Learning Limited Rights Issue?

The issue size is of 68,124,036 equity shares amounting to Rs 6.81 crores. The issue price is set at Rs 1 per share, and the face value is at Rs 1 per share. This issue will give existing shareholders eligibility to buy DSJ Keep Learning equity shares at a discounted price. The issue price is set at Rs 1 per share, and the face value is at Rs 1 per share. 

2. When does the Rights Issue open and close?

 The bid opening and closing dates are not yet announced. The last date to buy shares is Monday, May 13, 2024. The record date of this new issue is Tuesday, May 14, 2024. 

3. How can I apply for the DSJ Keep Learning Limited Rights Issue?

 You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.

 4. How can I check the allotment status of the DSJ Keep Learning Limited Issue?

 The registrar for this upcoming rights issue is Link Intime India Private Limited. Inventors can check the allotment by clicking here. 

5. What is the objective of DSJ Keep Learning Limited Rights Issue?

The net proceeds from this rights issue will be used to repay or prepay the unsecured loan the company availed itself of from the promoter entity. The funds will also be used to meet the cost of software development expenses, program delivery, and management services, as well as general corporate expenses. 

6. What is the record date for the DSJ Keep Learning Limited Rights Issue?

 The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for May 14, 2024.

7. Where will the DSJ Keep Learning Limited Right Issue be listed?

 The Rights Issue will be listed on the NSE, BSE.

8. What is the entitlement ratio for the DSJ Keep Learning Limited Right Issue? 

 The entitlement ratio is set at one Rights equity Shares for every two fully paid-up equity shares held on record date May 14, 2024.