GACM Technologies Rights Issue: Check out These Important Details

GACM Technologies Rights Issue: Check out These Important Details

GACM Technologies Limited came up with the rights issue. The company issued a total of 340,287,057 Equity shares with a decided issue price of Re 1 per share, a total amounting to Rs 34.03 Crores. Meanwhile, the face value is reported as Re 1 per share. Investors who currently do not hold shares of GACM Technologies Limited have the opportunity to purchase shares until July 15, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is July 16, 2024. However, Venture Capital and Corporate Investments Pvt Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date.

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About GACM Technologies Limited

GACM Technologies Limited, founded in 1995, operates as a financial consultancy firm specializing in fundraising, equity restructuring, and related services. The company focuses on three key sectors: Edtech, Digitech, and Insuretech. Their primary activities include providing corporate financial advice and developing software solutions for risk management and internal control, which they also market and implement for their clients.

Financial Performance of GACM Technologies Limited (Amt in Rs Crore)

The company's revenue was reported to be Rs 96.98 Crore for the year ended March 2024, which shows an increase of 1.39% as compared to March 2024. The profit after tax shows negative of -1.22 Crore year ended March 2024 which is slightly lower than the previous year that was -8.08 Crore.

Important Dates for GACM Technologies Rights Issue

Timetable of GACM Technologies Rights Issue

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not yet disclosed the lead manager for the rights issue. However, Venture Capital and Corporate Investments Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. GACM Technologies released a Letter of Offer. To read it in detail, click here.

FAQs

1.  What are the important dates for GACM Technologies 's rights issue?

The important dates include the opening & closing dates of the rights issue is July 31, 2024 till August 14, 2024 respectively.

2.  What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of GACM Technologies limited, an investor can buy its shares till July 15, 2024.

3.  What is the record date for the GACM Technologies Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is July 16, 2024. 

4.  How can I apply for the GACM Technologies Limited Rights Issue?

You can apply for GACM Technologies Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

5.  How can I check the allotment status of the GACM Technologies Issue?

The registrar for this rights issue is Venture Capital and Corporate Investments Private Limited, you can check your allotment status by visiting here.

6.  From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7.  Where will the GACM Technologies Rights Issue be listed?

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

8.  What is the entitlement ratio for the GACM Technologies Limited Rights Issue?

The entitlement ratio is set at 1 Rights Equity Shares for every 1 fully paid-up equity shares held on the record date.

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