₹80.90 Crores | Listing at BSE, NSE | Thu, May 15, 2025 - Wed, May 28, 2025
Avantel Ltd. Rights Issue comprises 2.02 Cr equity shares aggregating to ₹80.90 Cr, offered at an issue price of ₹40 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is May 7, 2025, with the Rights Issue being offered in the entitlement ratio of 10:121.
As per the terms of payment, The full amount of the Issue Price being ₹40/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 8, 2025.
The Rights Issue opens on May 15, 2025 and closes on May 28, 2025.
The deemed date of allotment is May 29, 2025, following which the equity shares are expected to be credited to demat accounts on Jun 2, 2025 and listed on NSE and BSE on Jun 2, 2025.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Avantel Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, May 7, 2025
Entitlement Ratio
10 : 121
Open Date
Thu, May 15, 2025
Close Date
Wed, May 28, 2025
The full amount of the Issue Price being ₹40/- will be payable on application.
Avantel Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 297.76 | 222.97 |
| Revenue | 250.25 | 225.22 |
| Profit After Tax | 59.57 | 55.08 |
| Net Worth | 0.00 | 0.00 |
| Reserves and Surplus | 0.00 | 0.00 |
| Total Borrowing | 0.00 | 0.00 |
| Amount in ₹ Crore | ||
Avantel Limited is an Indian company that primarily manufactures and develops wireless and satellite communication products, defence electronics, and radar systems.They also offer software solutions and services, particularly for the aerospace and defense sectors>Avantel has a strong presence in the Indian market, providing indigenous solutions for defense platforms and other applications.
The company intend to utilize the gross proceeds raised through the Issue:
[Dilip Davda] AL is engaged in the business of satellite communication systems development and related services. The company marked steady growth in its top and bottom lines for the reported periods. It is operating in the aerospace and defense segment. The offer is at a discount of around 66% comparing its current market price. Investors may park funds in this reasonably priced bet for medium to long term. Read detail review...
Avantel Rights Issue 2025 got oversubscribed by 2.07 times by the end of the bidding period with total bid quantity received by BSE and NSE of 4,17,90,333 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
May 28 2025 17:00:00 | 2,11,65,831 | 2,06,24,502 | 4,17,90,333 | 2.07x |
Avantel Ltd.
Plot No. 47/P, APIIC Industrial Park
Gambheeram (V), Anandapuram (M)
Visakhapatnam - 531163
Visakhapatnam, Andhra Pradesh, 531163
The Avantel Rights Issue 2025 opens on Thu, May 15, 2025, and closes on Wed, May 28, 2025.
Avantel Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Thu, May 8, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, May 23, 2025 |
| Issue Opening Date | Thu, May 15, 2025 |
| Issue Closing Date | Wed, May 28, 2025 |
| Date of Allotment (on or about) | Thu, May 29, 2025 |
| Date of Credit (on or about) | Mon, Jun 2, 2025 |
| Date of Listing (on or about) | Mon, Jun 2, 2025 |
You can apply for Avantel Rights Issue 2025 in two ways:
Steps to apply for Avantel Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Avantel Rights Issue 2025 using Registrar's website (R-WAP)
