₹34.03 Crores | Listing at BSE, NSE | Wed, Jul 31, 2024 - Wed, Aug 14, 2024
GACM Technologies Limited Rights Issue comprises 34.03 Cr equity shares aggregating to ₹34.03 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 16, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : The full amount of Re 1.00 per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jul 31, 2024, and closes on Aug 14, 2024, with renunciation of Rights Entitlements permitted up to Aug 8, 2024.
The deemed date of allotment is Aug 22, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 28, 2024 and listed at the NSE and the BSE on Sep 3, 2024.
Venture Capital & Corporate Investments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the GACM Technologies Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Jul 16, 2024
Entitlement Ratio
1 : 1
Open Date
Wed, Jul 31, 2024
Close Date
Wed, Aug 14, 2024
The full amount of Re 1.00 per Equity Share is payable on application.
GACM Technologies Limited's revenue decreased by -28.06% and profit after tax (PAT) rose by 196.32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 18.44 | 13.07 |
| Revenue | 7.51 | 10.44 |
| Profit After Tax | 1.13 | -1.18 |
| Amount in ₹ Crore | ||
Established in April 1995, GACM Technologies Limited is a financial advisor specializing in fundraising, equity restructuring, company formation, and other related activities.
The company operates in three sectors:
The company is currently active in financial consulting, which includes advising companies and related activities such as the design and development of software solutions for corporate risk management and internal control. This also includes selling, marketing, and installing these software solutions for corporate clients.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company has posted minuscule financial performances for the reported periods. It is operating in a highly competitive and fragmented segment. Its equity is doubling to Rs. 79.88 cr. that may face servicing issue going forward. The counter is well operated above par value to tempt investors. Low promoter’s holding raises concern. There is no harm in skipping this “High Risk/No Return” at par bet. Read detail review...
GACM Technologies Rights Issue 2024 got oversubscribed by 1.17 times by the end of the bidding period with total bid quantity received by BSE and NSE of 39,74,78,895 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Aug 14 2024 17:00:00 | 34,60,87,277 | 5,13,91,618 | 39,74,78,895 | 1.17x |
GACM Technologies Limited
Kura Towers, 10th Floor
D. No.1-11-254 & 1-11-255, S.P. Road,
Begumpet, Secunderabad, Hyderabad,-500016
Secunderabad, Telangana, 500016
Venture Capital & Corporate Investments Ltd.
The GACM Technologies Rights Issue 2024 opens on Wed, Jul 31, 2024, and closes on Wed, Aug 14, 2024.
GACM Technologies Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Aug 8, 2024 |
| Issue Opening Date | Wed, Jul 31, 2024 |
| Issue Closing Date | Wed, Aug 14, 2024 |
| Date of Allotment (on or about) | Thu, Aug 22, 2024 |
| Date of Credit (on or about) | Wed, Aug 28, 2024 |
| Date of Listing (on or about) | Tue, Sep 3, 2024 |
You can apply for GACM Technologies Rights Issue 2024 in two ways:
Steps to apply for GACM Technologies Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for GACM Technologies Rights Issue 2024 using Registrar's website (R-WAP)
