₹49.82 Crores | Listing at BSE | Mon, Jan 27, 2025 - Tue, Feb 25, 2025
GTT Data Solutions Rights Issue comprises 1.92 Cr equity shares aggregating to ₹49.82 Cr, offered at an issue price of ₹26 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jan 14, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 10.
The term of payment is defined as following : Issue Price of Rs. 26/- per share is payable as Rs.6.50 per share on Application. The remaining Rs.19.50 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 11, 2025.
The Rights Issue opens on Jan 27, 2025, and closes on Feb 25, 2025, with renunciation of Rights Entitlements permitted up to Jan 30, 2025.
The deemed date of allotment is Feb 11, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 17, 2025 and listed at the BSE on Feb 21, 2025.
MCS Share Transfer Agent Ltd. is the Registrar to the Issue.
Investors are advised to refer to the GTT Data Solutions Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Jan 14, 2025
Entitlement Ratio
1 : 10
Open Date
Mon, Jan 27, 2025
Close Date
Tue, Feb 25, 2025
Issue Price of Rs. 26/- per share is payable as Rs.6.50 per share on Application. The remaining Rs.19.50 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 |
| Assets | 24.97 |
| Revenue | 15.14 |
| Profit After Tax | -0.71 |
| Amount in ₹ Crore | |
Incorporated in 1986, GTT Data Solutions, earlier known as Cinerad Communications Limited, is engaged in the business of Information Technology, software development, Data Analytics, Artificial Intelligence and Skill Development & Training.
The company, through its subsidiary Itarium Technologies India Private Limited, offers a range of services, including Enterprise Solutions such as CRM, ERP, E-commerce, Enterprise Asset Management, Learning Management Systems, Decision Support Systems, Troubleshooting Guides, and document management.
The company provides Data and Analytics Consulting to help businesses harness the power of data and Software Development, which involves designing, creating, testing, and maintaining software applications to address specific business challenges.
As of September 19, 2024, the company had five employees.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company that was originally incorporated as motion picture producer has recently diversified into IT infra related activities and services. Its recent financial performance data is not in line with asking price. In fact, it posted loss for the first half of FY25. The counter is well managed above RI price by vested interest operators. Though this RI is at a discount of around 69.47% based on its last traded price, it is not worth subscribing as it is a “High Risk/Low Return” bet. (Avoid). Read detail review...
GTT Data Solutions Rights Issue 2025 got oversubscribed by 2.18 times by the end of the bidding period with total bid quantity received by BSE of 4,18,37,622 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 25 2025 17:00:00 | 4,18,37,622 | 2.18x |
GTT Data Solutions
80,
Burtolla Street,
Kolkata – 700007
Kolkata, West Bengal, 700007
The GTT Data Solutions Rights Issue 2025 opens on Mon, Jan 27, 2025, and closes on Tue, Feb 25, 2025.
GTT Data Solutions Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 17, 2025 |
| Last Date for renunciation of Rights Entitlements | Thu, Jan 30, 2025 |
| Issue Opening Date | Mon, Jan 27, 2025 |
| Issue Closing Date | Tue, Feb 25, 2025 |
| Date of Allotment (on or about) | Tue, Feb 11, 2025 |
| Date of Credit (on or about) | Mon, Feb 17, 2025 |
| Date of Listing (on or about) | Fri, Feb 21, 2025 |
You can apply for GTT Data Solutions Rights Issue 2025 in two ways:
Steps to apply for GTT Data Solutions Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for GTT Data Solutions Rights Issue 2025 using Registrar's website (R-WAP)
