18-Jan-2024
2 mins read
Adroit Infotech, known for its expertise in SAP consulting, has announced a significant development regarding its upcoming rights issue. The company has established January 19, 2024, as the record date. This date is crucial as it will identify shareholders eligible to subscribe to the rights equity shares.
Further details provided by the company reveal that the rights issue will commence on February 7, 2024, and remain open until February 16, 2024. This period allows eligible shareholders to partake in the offering.
Additionally, Adroit Infotech has set the price for the rights issue. The shares are priced at Rs 15 per rights equity share. This offering is structured in a specific ratio, allowing shareholders to acquire three rights equity shares for every two shares they fully own.
Adroit Infotech Product Portfolio
Adroit Infotech Limited offers SAP consulting services tailored to large and medium-sized businesses. Their range of services encompasses various migrations to HANA, including SAP HANA, SAP Suite on HANA, and S/4 HANA. They also deal with traditional SAP ECC, covering aspects like implementation, re-implementation, rollouts, module enhancements, support, and maintenance. They are also skilled in handling upgrades and migrations.
Their diverse product offerings include solutions such as ARIBA, CRM, SRM, SAP C4C (Cloud for Customers), Success Factors, and the SAP Cloud Platform.
Financial Performance of Adroit Infotech Limited (In Rs Crore)
Between the fiscal years ending March 31, 2022, and March 31, 2023, Adroit Infotech Limited experienced a significant financial upturn. The company’s revenue saw an impressive increase of 250.28%, while its profit after tax (PAT) surged by 511.49%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 34.21 | 17.51 | 14.46 |
| Revenue | 22.72 | 6.49 | 7.07 |
| Profit After Tax | 3.78 | 0.62 | 0 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Important Details for Adroit Infotech Limited Rights Issue 2024
| Issue Open | February 7, 2024 – February 16, 2024 |
| Security Name | Adroit Infotech Limited |
| Issue Size (Shares) | 32,501,067 |
| Issue Size (Amount) | Rs 48.75 Crores |
| Issue Price | Rs 15 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs 15/- to be paid as Rs 3.75/- per share on Application and Rs 11.75/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time. |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Timetable of Adroit Infotech Limited Rights Issue 2024
| Last Date to buy shares | 18-Jan-24 |
| Record Date | 19-Jan-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 7-Feb-24 |
| Renunciation of Rights Entitlements | 12-Feb-24 |
| Bid/Offer Closes On | 16-Feb-24 |
| Deemed Date of Allotment | Yet to be announced |
| Credit Date | Yet to be announced |
| Listing Date | Yet to be announced |
The Objectives of Adroit Infotech Limited Rights Issue 2024
The objectives of Adroit Infotech Limited Rights Issue 2024 are yet to be announced.
Lead Manager(s) of Adroit Infotech Limited Rights Issue 2024
The lead managers for Adroit Infotech Limited Rights Issue 2024 are yet to be announced.
How to Apply for Adroit Infotech Limited Rights Issue 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Adroit Infotech Limited Rights Issue 2024 with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Adroit Infotech Limited Rights Issue 2024
The registrar for Adroit Infotech Limited Rights Issue 2024 is yet to be announced.
FAQs’
- When is the Adroit Infotech Limited Rights Issue 2024 scheduled?
The issue opens on February 7, 2024, and closes on February 16, 2024. Eligible shareholders can participate in the issue during this period.
- What is the record date for determining eligibility for the rights issue?
The record date is January 19, 2024. Shareholders owning shares of the company as of this date are eligible to participate in the rights issue.
- What is the issue price and ratio for the rights issue?
The issue price is set at Rs 15 per rights equity share. The rights are offered in the ratio of three rights equity shares for every two fully paid-up equity shares held by the shareholder on the record date.
- How can I apply for the Adroit Infotech Limited Rights Issue 2024?
Once the public issue opens for subscription on February 7, 2024, eligible shareholders can apply through the link provided by Bigul: https://www.bonanzaonline.com/.