₹46.37 Crores | Listing at BSE, NSE | Fri, Jan 24, 2025 - Fri, Jan 31, 2025
California Software Co.ltd. Rights Issue comprises 4.64 Cr equity shares aggregating to ₹46.37 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jan 15, 2025, with the Rights Issue being offered in the entitlement ratio of 3 : 1.
The term of payment is defined as following : Issue Price of Rs.10/- per share is payable as Rs.2.50 per share on Application. The remaining Rs 7.50 will be called within one or more subsequent calls by the board of the Company at its sole discretion from time to time.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 7, 2025.
The Rights Issue opens on Jan 24, 2025, and closes on Jan 31, 2025, with renunciation of Rights Entitlements permitted up to Jan 28, 2025.
The deemed date of allotment is Feb 7, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 13, 2025 and listed at the NSE and the BSE on Feb 14, 2025.
Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the California Software Co.ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jan 15, 2025
Entitlement Ratio
3 : 1
Open Date
Fri, Jan 24, 2025
Close Date
Fri, Jan 31, 2025
Issue Price of Rs.10/- per share is payable as Rs.2.50 per share on Application. The remaining Rs 7.50 will be called within one or more subsequent calls by the board of the Company at its sole discretion from time to time.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 21.9 | 25.07 |
| Revenue | 4.28 | 2.76 |
| Profit After Tax | 0.62 | 0.22 |
| Net Worth | 12.7 | 12.48 |
| Total Borrowing | 8.31 | 6.37 |
| Amount in ₹ Crore | ||
Incorporated in 1992, California Software Company Limited is engaged in the business of Business Analytics and Software development Information Technology (IT).
They specialize in offering Software as a Service (SaaS), one of the fastest-growing segments in the IT industry.
The company specializes in offering Software as a Service (SaaS) across various business applications, including business intelligence, e-commerce, Point of Sale (PoS), ERP, CRM, HCM, SCM, UC&C, finance, ECM, collaboration, and enterprise applications such as risk & compliance management, PLM, and EPM.
The company offers services across various verticals, including Retail, BFSI, TMT, healthcare, manufacturing, travel, hospitality, utilities (energy, oil, gas, water), and education.
The company’s applications include e-commerce, point of sale, virtualization software, middleware, application integration, content delivery solutions, and more.
As on June 30, 2024, the company had 50 employees.
The Company intends to utilize the proceeds towards funding the following objectives:
[Dilip Davda] The company is engaged in providing IT related software development and other services. It posted minuscule financial performance so far for the reported periods. Four-fold rise in post-RI equity raises concern over its servicing going forward. Though the RI is at par value and has staggered payment facility, its carried forward loss raises alert. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this at par offer as it’s a “High Risk/Low Return” bet. Read detail review...
California Software Rights Issue 2025 got subscribed by 0.47 times by the end of the bidding period with total bid quantity received by BSE and NSE of 2,19,41,671 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jan 31 2025 17:00:10 | 1,98,71,831 | 20,69,840 | 2,19,41,671 | 0.47x |
California Software Co.ltd.
Workflo, Greeta Towers,
Industrial Estate, Perungudi,
OMR Phase 1, Chennai 600 096
Chennai, Tamil Nadu, 600096
Integrated Registry Management Services Pvt.Ltd.
The California Software Rights Issue 2025 opens on Fri, Jan 24, 2025, and closes on Fri, Jan 31, 2025.
California Software Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Tue, Jan 21, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Jan 28, 2025 |
| Issue Opening Date | Fri, Jan 24, 2025 |
| Issue Closing Date | Fri, Jan 31, 2025 |
| Date of Allotment (on or about) | Fri, Feb 7, 2025 |
| Date of Credit (on or about) | Thu, Feb 13, 2025 |
| Date of Listing (on or about) | Fri, Feb 14, 2025 |
You can apply for California Software Rights Issue 2025 in two ways:
Steps to apply for California Software Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for California Software Rights Issue 2025 using Registrar's website (R-WAP)
