₹7.38 Crores | Listing at BSE | Mon, Sep 8, 2025 - Fri, Sep 19, 2025
Covance Softsol Ltd Rights Issue comprises 0.7382 Cr equity shares aggregating to ₹7.38 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 Aug 29, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : The entire issue price of Rs 10 is payable on the application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 22, 2025.
The Rights Issue opens on Sep 8, 2025, and closes on Sep 19, 2025, with renunciation of Rights Entitlements permitted up to Sep 16, 2025.
The deemed date of allotment is Sep 22, 2025, following which the equity shares are expected to be credited to demat accounts on Sep 23, 2025 and listed at the BSE on Sep 23, 2025.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Covance Softsol Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 29, 2025
Entitlement Ratio
1 : 2
Open Date
Mon, Sep 8, 2025
Close Date
Fri, Sep 19, 2025
The entire issue price of Rs 10 is payable on the application.
Covance Softsol Ltd's revenue increased by 66% and profit after tax (PAT) rose by 866% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Total Income | 101.70 | 61.17 |
| Profit After Tax | 12.12 | 1.25 |
| Net Worth | 91.23 | 73.46 |
| Reserves and Surplus | 76.46 | 58.69 |
| Amount in ₹ Crore | ||
SoftSol, founded in 1993, is an IT services company based in Silicon Valley, California. The company focuses on helping businesses and government organizations improve efficiency, reduce costs, and stay innovative by using modern technologies.
Over the years, SoftSol has been part of important IT transformations, working with technologies such as web applications, service-oriented architecture (SOA), digital transformation, cloud computing, big data, and artificial intelligence/machine learning. By combining business strategy with new technology, the company has supported well-known clients, including the U.S. Department of Defense, California Department of Justice, Cisco, Genentech, CalPERS, the Superior Court of California (County of Alameda), and HBO.
SoftSol follows software development best practices and relies on strong processes, experienced partnerships, and advanced facilities to deliver high-quality IT solutions. It has earned certifications such as CMMI Level 3, ISO 9001, and ISO 27001. Additionally, the company is recognized as a Microsoft Gold Certified Partner and an AWS Partner, reflecting its expertise in leading cloud platforms.
The company proposes to utilise the Net Proceeds in accordance with the details set out below:
[Dilip Davda] CSL is engaged in providing information technology related solutions and services. It marked growth in its top and bottom lines for the reported periods. The RI is attractively priced at par value and makes it a worthy investment. The RI is at a discount of around 69.80% and is a not to miss opportunity. Investors may park funds for medium to long term. Read detail review...
Covance Softsol Rights Issue 2025 got oversubscribed by 2.33 times by the end of the bidding period with total bid quantity received by BSE of 1,72,23,210 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 19 2025 17:00:00 | 1,72,23,210 | 2.33x |
Covance Softsol Ltd
Plot No. 4, Software Units Layout
Madhapur
Shaikpet
Hyderabad, 500081
The Covance Softsol Rights Issue 2025 opens on Mon, Sep 8, 2025, and closes on Fri, Sep 19, 2025.
Covance Softsol Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Mon, Sep 1, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Sep 16, 2025 |
| Issue Opening Date | Mon, Sep 8, 2025 |
| Issue Closing Date | Fri, Sep 19, 2025 |
| Date of Allotment (on or about) | Mon, Sep 22, 2025 |
| Date of Credit (on or about) | Tue, Sep 23, 2025 |
| Date of Listing (on or about) | Tue, Sep 23, 2025 |
You can apply for Covance Softsol Rights Issue 2025 in two ways:
Steps to apply for Covance Softsol Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Covance Softsol Rights Issue 2025 using Registrar's website (R-WAP)
