16-Feb-2024
2 mins read
Scanpoint Geomatics Limited is coming up with its right issue which will open on Wednesday, February 28, 2024 and close on Thursday, March 7, 2024. The record date is set at Monday, February, 19, 2024. The last date to buy shares is Friday, February 16, 2024. The issue size is 69,307,248 equity shares and price is set at Rs 5 per share and face value is at Rs 2 per share. The eligible shareholders are being offered one Rights Equity shares for every one fully paid up equity shares held on a record date. Through this issue the company is planning to raise Rs 34.65 crores. The lead managers for this issue is Vivro Financial Services Private Limited and the registrar is Link Intime India Private Limited.
About Scanpoint Geomatics Limited Company Profile
Scanpoint Geomatics Limited, founded in 1992, is an Indian company engaged in the business of geospatial software development and sales. Company is known for pioneering the Indian geospatial industry with IGiS, an indigenous technology that combines GIS, image processing, photogrammetry, and CAD on a single platform. IGiS is a joint development partnership between Scanpoint Geomatics Limited. IGiS caters to a multitude of solutions across the industries like Agriculture, Defence, Forestry, Disaster Management, Land information, Power, Mining, smart city, Urban planning, Utilities and Location based service. Scanpoint Geomatics had partnered with ISRO for providing its customers the largest geospatial domain technologies. The company’s service also includes end to end turn key solutions for enterprise GIS implementation.
Financial Details of Scanpoint Geomatics (Amt in Rs Crores)
Between the financial year ending with March 31, 2023 and March 31, 2022. Scanpoint Geomatics Limited’s revenue decreased by -47.94% and profit after tax dropped by -70.38%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 161.18 | 143.1 | 115.32 |
| Revenue | 17.41 | 33.45 | 43.79 |
| Profit After Tax | 0.58 | 1.96 | 2.02 |
| Reserves and Surplus | 71.05 | 70.46 | 47.97 |
Important Dates for Scanpoint Geomatics Limited Rights Issue
| Issue Open | February 28, 2024 – March 7, 2024 |
| Security Name | Scanpoint Geomatics Limited |
| Issue Size (Shares) | 69,307,248 |
| Issue Size (Amount) | Rs 34.65 Crores |
| Issue Price | Rs 5 per share |
| Face Value | Rs 2 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price full amount payable on Application. |
| Entitlement | 1 Rights Equity Share(s) for every one fully paid-up Equity Shares held on Record Date |
Timetable of Scanpoint Geomatics Limited Rights Issue
| Last Date to buy shares | 16-Feb-24 |
| Record Date | 19-Feb-24 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | 28-Feb-24 |
| Renunciation of Rights Entitlements | 1-Mar-24 |
| Bid/Offer Closes On | 7-Mar-24 |
| Deemed Date of Allotment | 18-Mar-24 |
| Credit Date | 21-Mar-24 |
| Listing Date | 26-Mar-24 |
Objectives of Scanpoint Geomatics Rights Issue
The net funds received from the issue is to be used to repay the unsecured loans availed by the company. Also, the funds will meet the working capital requirements of the company. Also the general corporate purposes will also be met.
How to Apply for Scanpoint Geomatics Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Scanpoint Geomatics Limited Rights Issue with Bigul.
How to Check Allotment Status of Scanpoint Geomatics Limited Rights Issue?
The registrar for Scanpoint Geomatics Limited Rights Issue is Link Intime India Private Limited.
FAQs
- What is the Scanpoint Geomatics Limited Rights Issue?
Scanpoint Geomatics Limited is coming up with its right issue which will open on Wednesday, February 28, 2024 and close on Thursday, March 7, 2024. The record date is set at Monday, February, 19, 2024. The last date to buy shares is Friday, February 16, 2024. The issue size is 69,307,248 equity shares and price is set at Rs 5 per share and face value is at Rs 2 per share.
- When does the Rights Issue open and close?
The Rights Issue opens for subscription on February 28, 2024 and closes on March 7, 2024.
- How can I apply for the Scanpoint Geomatics Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Scanpoint Geomatics Limited Issue?
The registrar for this right issue is Link Intime India Private Limited. Investors can check the allotments status by clicking here.
- What is the objective of Scanpoint Geomatics Limited Rights Issue?
The net funds received from the issue is to be used to repay the unsecured loans availed by the company. Also, the funds will meet the working capital requirements of the company. Also the general corporate purposes will also be met.
- What is the record date for the Scanpoint Geomatics Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for February 19, 2024.
- Where will the Scanpoint Geomatics Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Scanpoint Geomatics Limited Right Issue?
The entitlement ratio is set at one Rights Equity Shares for every one fully paid-up Equity Shares held on record date February 19, 2024.