17-Jan-2024
2 mins read
Indian Infotech and Software Limited (IISL) is preparing to launch its right issue, which is available for subscription from the BSE platform. The last date to buy the shares is January 25, 2024, and the record date is January 29, 2024. As per the exchange information, the entitlement is 13 Right equity shares for every fully paid-up Equity share held on the record date.
About Indian Infotech and Software Limited
Indian Infotech and Software Limited (IISL), founded in 1982, is a non-banking financial services company. It provides a loan to companies and individuals at reasonable interest rates. Moreover, it also invests in shares of companies which have a high growth potential. IISL supports small companies, start-ups, and established companies that are committed to the “Make in India” movement.
Financial Performance of Indian Infotech and Software Limited (In Rs Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserve and Surplus |
| 31-Mar-22 | 230.24 | 55.39 | 0.32 | 128.65 | |
| 31-Mar-23 | 230.95 | 47.06 | 0.61 | 129.25 |
Important Dates for Indian Infotech and Software Limited Rights Issue 2024
| Issue Open | February 6, 2024 – February 13, 2024 |
| Security Name | Indian Infotech and Software Limited |
| Issue Size (Shares) | 261,453,270 |
| Issue Size (Amount) | ₹41.83 Crores |
| Issue Price | Rs 1.6 per share |
| Face Value | Re 1 per share |
| Listing At | BSE |
| Entitlement | 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date |
Timetable of Indian Infotech and Software Limited Rights Issue
| Last Date to buy shares | 25-Jan-24 |
| Record Date | 29-Jan-24 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 6-Feb-24 |
| Renunciation of Rights Entitlements | 8-Feb-24 |
| Bid/Offer Closes On | 13-Feb-24 |
| Deemed Date of Allotment | February 15, 2024 |
| Credit Date | February 19, 2024 |
| Listing Date | February 26, 2024 |
One of the main objectives of this IISL Rights issue is to give additional new shares to its existing equity shareholders. The issue will help to raise funds from the existing holders which will be utilized for meeting the working capital requirements of the company. Other than this the general corporate purposes will also be fulfilled.
Lead Manager(s) of Indian Infotech And Software Rights Issue 2024
The lead managers for the Indian Infotech And Software Rights Issue 2024 are yet to be announced.
How do you apply for the Indian Infotech and Software Limited Rights Issue 2024?
Wait for the public issue to open for subscription, then click on this link to apply for the Indian Infotech and Software Limited Rights Issue with Bigul: https://www.bonanzaonline.com/.
How do you check the allotment status of Indian Infotech and Software Limited Rights Issue 2024?
The registrar for this Indian Infotech and Software Limited Rights issue is Purva Sharegistry India Private Limited. You can check the allotment by visiting https://www.purvashare.com/ website.
FAQs
- What is the Indian Infotech and Software Limited Rights Issue?
The Rights Issue refers to the offering of new shares by Indian Infotech and Software Limited to its existing shareholders. The issue size is ₹41.83 Crores. However, the information is available regarding Face Value, which is Rs 1 per share, and the issue price is Rs 1.6 per share.
- When does the Rights Issue open and close?
The Rights Issue opens for subscription on February 6, 2024, and closes on February 13, 2024.
- How can I apply for the Indian Infotech and Software Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just visit this link to apply with Bigul: https://www.bonanzaonline.com/.
- How can I check the allotment status of the Indian Infotech and Software Limited Issue?
The registrar for this Indian Infotech and Software Limited Rights issue is Purva Sharegistry India Private Limited. You can check the allotment by visiting https://www.purvashare.com/ website.
- What is the objective of the Indian Infotech and Software Limited Rights Issue?
One of the main objectives of this IISL Rights issue is to give additional new shares to its existing equity shareholders. The issue will help to raise funds from the existing holders which will be utilized for meeting the working capital requirements of the company. Other than this the general corporate purposes will also be fulfilled.
- What is the record date for the Indian Infotech and Software Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for January 29, 2024.
- Where will the Indian Infotech and Software Limited Right Issue be listed?
The Rights Issue will be listed on the BSE (Bombay Stock Exchange).
- What is the entitlement ratio for the Indian Infotech and Software Limited Right Issue?
The entitlement ratio is set at 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date.