IND Renewable Energy Rights Issue Jan 2024 vs Quest Softech India Rights Issue 2024

Comparison between IND Renewable Energy Rights Issue Jan 2024 and Quest Softech India Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for IND Renewable Energy Rights Issue Jan 2024 and Quest Softech India Rights Issue 2024. IND Renewable Energy Rights Issue Jan 2024 is listed on BSE while Quest Softech India Rights Issue 2024 is listed on BSE.

 Ind Renewable Energy LtdQuest Softech (India) Limited
LogoQuest Softech India Rights Issue 2024 Logo
Listing AtBSEBSE
Terms of Payment

Full amount of Rs.2 per Equity Share is payable on application.

An amount of Rs. 10/- per Rights Equity Share (including a premium of Rs. 6.67 per Rights Equity Share) to be paid on Application and balance to be paid in 2 calls as determined by the Board at its sole discretion from time to time.

Entitlement4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date
Application FormApplication Form Application Form
Letter of Offer Letter of Offer Letter of Offer
RegistrarMUFG Intime India Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Lead ManagersNavigant Corporate Advisors Ltd.

Rights Issue Size and Price

The issue size of IND Renewable Energy Rights Issue Jan 2024 rights issue is ₹25.43 Crores, whereas Quest Softech India Rights Issue 2024 rights issue size is ₹48.00 Crores.

 Ind Renewable Energy LtdQuest Softech (India) Limited
Issue Size1,21,09,440 shares1,60,00,000 shares
Issue Size (Amount)₹25.43 Crores₹48.00 Crores
Issue Price₹21 per share₹30 per share
Face Value₹10 per share₹10 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of IND Renewable Energy Rights Issue Jan 2024 is Jan 08, 2024 while record date of Quest Softech India Rights Issue 2024 is Jan 08, 2024.

 Ind Renewable Energy LtdQuest Softech (India) Limited
Record DateJan 08, 2024Jan 08, 2024
Credit of Rights EntitlementsJan 28, 2024Feb 01, 2024
Bid/Offer Opens OnJan 18, 2024Feb 02, 2024
Renunciation of Rights EntitlementsJan 23, 2024Feb 08, 2024
Bid/Offer Closes OnFeb 02, 2024Feb 15, 2024
Deemed Date of AllotmentFeb 03, 2024Feb 24, 2024
Credit DateFeb 08, 2024Feb 28, 2024
Listing DateFeb 13, 2024Mar 01, 2024

Financials details

Comparison of IND Renewable Energy Rights Issue Jan 2024 and Quest Softech India Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

 Ind Renewable Energy LtdQuest Softech (India) Limited
Financial

Ind Renewable Energy Ltd Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3.393.343.30
Revenue0.060.00
Profit After Tax0.310.00-0.09-0.09
Net Worth3.503.193.193.28
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Quest Softech (India) Limited Financial Information (Restated)

Quest Softech (India) Limited's revenue decreased by -28.11% and profit after tax (PAT) rose by 30.09% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets9.857.894.014.40
Revenue0.030.060.090.08
Profit After Tax-1.32-0.36-0.51-1.15
Net Worth2.013.333.694.20
Reserves and Surplus-7.99-6.67-6.31-8.92
Total Borrowing6.224.560.320.20
Amount in ₹ Crore

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IND Renewable Energy Rights Issue Jan 2024 Vs Quest Softech India Rights Issue 2024