₹48.75 Crores | Listing at BSE, NSE | Wed, Feb 7, 2024 - Fri, Feb 16, 2024
Adroit Infotech Limited Rights Issue comprises 3.25 Cr equity shares aggregating to ₹48.75 Cr, offered at an issue price of ₹15 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jan 19, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following : 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.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 7, 2024, and closes on Feb 16, 2024, with renunciation of Rights Entitlements permitted up to Feb 12, 2024.
The deemed date of allotment is Feb 23, 2024, following which the equity shares are expected to be credited to demat accounts on Feb 28, 2024 and listed at the NSE and the BSE on Mar 4, 2024.
Venture Capital & Corporate Investments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Adroit Infotech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 19, 2024
Entitlement Ratio
3 : 2
Open Date
Wed, Feb 7, 2024
Close Date
Fri, Feb 16, 2024
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.
Adroit Infotech Limited's revenue increased by 250.28% and profit after tax (PAT) rose by 511.49% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 34.21 | 17.51 | 14.46 |
| Revenue | 22.72 | 6.49 | 7.07 |
| Profit After Tax | 3.78 | 0.62 | -0.00 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Adroit Infotech Limited provides SAP consulting services to large and medium sized organisations.
The company's list of services includes migrations to HANA: SAP HANA, SAP Suite on HANA and S/4 HANA. Conventional SAP ECC: implementation, re-implementation, rollouts, module enhancements, support and maintenance as well as upgrades and migrations.
The company's product portfolio includes ARIBA, CRM, SRM, SAP C4C - Cloud for Customers, Success Factors and SAP Cloud Platform.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company claims to be the in the SAP consultancy business, but has posted listless financial performance for the reported periods. It posted loss for H1 of FY24 that raise major concern. There is no harm in skipping this highly priced bet. Read detail review...
Adroit Infotech Rights Issue 2024 got oversubscribed by 1.32 times by the end of the bidding period with total bid quantity received by BSE and NSE of 4,27,68,829 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Feb 16 2024 17:00:00 | 3,57,14,899 | 70,53,930 | 4,22,79,351 | 1.30x |
Adroit Infotech Limited
Plot No - 7A, MLA Colony,
Road No. 12, Banjara Hills,
Hyderabad – 500034
Hyderabad, Telangana, 500034
Venture Capital & Corporate Investments Ltd.
The Adroit Infotech Rights Issue 2024 opens on Wed, Feb 7, 2024, and closes on Fri, Feb 16, 2024.
Adroit Infotech Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 12, 2024 |
| Issue Opening Date | Wed, Feb 7, 2024 |
| Issue Closing Date | Fri, Feb 16, 2024 |
| Date of Allotment (on or about) | Fri, Feb 23, 2024 |
| Date of Credit (on or about) | Wed, Feb 28, 2024 |
| Date of Listing (on or about) | Mon, Mar 4, 2024 |
You can apply for Adroit Infotech Rights Issue 2024 in two ways:
Steps to apply for Adroit Infotech Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Adroit Infotech Rights Issue 2024 using Registrar's website (R-WAP)
