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Indian Infotech And Software Limited Rights Issue (Indian Infotech And Software Rights Issue 2024) Detail

February 6, 2024 - February 13, 2024
Indian Infotech And Software Limited Logo

Founded in 1982, Indian Infotech And Software Ltd. is a non-banking financial company that provides loans to individuals and companies at a reasonable interest rate. In addition, IISL also invests in shares of companies with high growth potential. The company supports start-ups as well as established companies that are committed to the "Make in India" movement.

Indian Infotech And Software Rights Issue 2024 Detail

Issue Open February 6, 2024 - February 13, 2024
Security Name Indian Infotech And Software Limited
Issue Size (Shares) 261,453,270
Issue Size (Amount) ₹41.83 Crores
Issue Price ₹1.6 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full amount of Re. 1.60/- per share payable on application

Entitlement 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date

Indian Infotech And Software Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 25, 2024
Record Date January 29, 2024
Credit of Rights Entitlements
Bid/Offer Opens On February 6, 2024
Renunciation of Rights Entitlements February 8, 2024
Bid/Offer Closes On February 13, 2024
Deemed Date of Allotment February 15, 2024
Credit Date February 19, 2024
Listing Date February 26, 2024

Company Financials

Indian Infotech And Software Limited Financial Information (Restated)

Indian Infotech And Software Limited's revenue decreased by -15.04% and profit after tax (PAT) rose by 90.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets230.95230.24229.83
Revenue10.9547.0655.3941.18
Profit After Tax7.210.610.32-11.36
Net Worth237.03229.81229.24
Reserves and Surplus129.25128.68128.36
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects ("Objects of the Issue"):

a. To meet the Working Capital Requirements of the company.

b. General Corporate Purposes

Indian Infotech And Software Rights Issue 2024 Subscription Status

Indian Infotech And Software Rights Issue 2024 got oversubscribed by 1.37 times by the end of the bidding period with total bid quantity received by BSE of 359,489,499 shares.

Indian Infotech And Software Rights Issue 2024 Documents

Indian Infotech And Software Rights Issue 2024 Rating

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Indian Infotech And Software Rights Issue 2024 Reviews

Company Contact Information

Indian Infotech And Software Limited
110, 157 Floor,
Golden Chamber Pre CO-OP Soc Ltd.
New Link Road Andheri (W) Mumbai 400053

Phone: 022 - 49601435
Email: indianinfotechsoftware@yahoo.com
Website: https://indianinfotechandsoftwareltd.in/

Indian Infotech And Software Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Indian Infotech And Software Rights Issue 2024 Lead Manager(s)

Indian Infotech And Software Rights Issue 2024 FAQs

The Indian Infotech And Software Rights Issue 2024 opens on February 6, 2024, and closes on February 13, 2024.

Indian Infotech And Software Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 8, 2024
Issue Opening DateFebruary 6, 2024
Issue Closing DateFebruary 13, 2024
Date of Allotment (on or about)February 15, 2024
Date of Credit (on or about)February 19, 2024
Date of Listing (on or about)February 26, 2024

Indian Infotech And Software Rights Issue 2024 price is set at ₹1.6 per share per equity share.

The eligible shareholders are being offered 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date (January 29, 2024).

The record date for the Indian Infotech And Software Rights Issue 2024 is January 29, 2024.

The issue size of Indian Infotech And Software Rights Issue 2024 is of 261,453,270 equity shares at ₹1.6 per share aggregating upto ₹41.83 Crores.

The Letter of Offer for Indian Infotech And Software Rights Issue 2024 can be download here.

You can apply for Indian Infotech And Software Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Indian Infotech And Software Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Indian Infotech And Software Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Indian Infotech And Software Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Indian Infotech And Software Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Indian Infotech And Software Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

22 Comments

22. DIXIT     Link|March 15, 2024 1:06:36 AM
Right issue shared not credited till date however amount was debited. Anyone facing same issue?? Any expected date?
21. Shiva     Link|March 7, 2024 6:35:53 AM
Right Issue shares not credited my account till date this is to worst
20. shank     Link|March 4, 2024 10:39:07 AM
Right issue shared not credited till date however amount was debited on 23rd feb. Anyone facing same issue?? Any expected date?
20.1. Manu     Link|March 4, 2024 6:51:06 PM
Yes I am also facing. Now I will never buy shares of this type of company.
20.2. Manu     Link|March 5, 2024 11:14:14 AM
Today I have got right issue shares in my dmat account.
19. BHURELAL YADAV     Link|March 2, 2024 6:37:30 PM
Till now shares not credited my account. Why???
18. Shiva     Link|March 2, 2024 3:39:36 PM
Right Issue stocks not credited my port polio
17. Bharat Chandak     Link|February 19, 2024 7:59:21 PM
Company and registrat paissa lekar bhaag gaye lagta hai
17.4. Manu     Link|February 29, 2024 5:49:33 AM
To day also they are saying "you will get shares in your portfolio today till evening or tomorrow. They have collected nearly Rs. 50,00,00,000/. In saving bank per day interest is nearly Rs. 40000/ Company is earning money from interest. During 4-5 days cost of share has fallen nearly 15%. Investors are loosing both way, by interest and by cost reduction. Never invest in such companies.
17.5. Anuj agarwal     Link|February 29, 2024 8:00:09 AM
Any one got shares credited in acc ?
16. KiranJintikar     Link|February 27, 2024 5:22:51 PM
But i think company will not run with money ... Thats why registrar they appoint

However delayed too much and its absolutely incorrect

All Must register complaint to SEBI and call SEBI complaint Number 1800 266 7575
16.1. Manu     Link|February 28, 2024 8:47:00 PM
Complaint should be mailed to SEBI, Government of India. Finance Minister and RBI. This is case of cheating with citizens of country. ED and CBI should come in action to stop any further cheating.
15. Vishal Devmurari     Link|February 28, 2024 1:57:29 PM
My amount is deducted from bank, i can see entry in bank statement on date 23 Feb 2024. But still Shares not credit.
I email to Bhamini Shah and support@purvashare.com. But still no replay.

Should i call SEBI? if any one suggest.
15.1. Manu     Link|February 28, 2024 8:39:24 PM
The right issue share was supposed to be listed on 26 02 2024. But due to undeclared reasons shares are not available in portfolio. in the duration of this 3 or 4 days cost of share has reduced nearly 12%. Or we can say share allotted persons have been loosed by nearly 12%. This case may be reported to SEBI or this may be raised as the case of compensation.
14. Satya Dobriyal     Link|February 28, 2024 7:26:17 AM
Still no response. I wrote email to company but not replied.
13. Satya Dobriyal     Link|February 28, 2024 7:25:43 AM
Still no response. I wrote email to company but not replied.
12. Uks     Link|February 27, 2024 6:31:47 PM
The shares have not been allotted yet, and the amount is still blocked. If anyone has any updates, please share.
11. KiranJintikar     Link|February 27, 2024 5:20:40 PM
1800 266 7575

This is SEBI HELPLINE Number for registering compaints
10. KiranJintikar     Link|February 27, 2024 5:17:23 PM
https://www.scores.gov.in/scores/userRegistration.html

copy link and share your complaints to SEBI if not getting solved by tomorrow
9. Chirag Bhoorani     Link|February 27, 2024 4:06:24 PM
Sare milker suprime court m case karo ek vakeel kar lete h or apna apna number share karo public power batana h company or registrar ko
8. yogesh     Link|February 27, 2024 3:37:43 PM
Money is Deducted From My Account But Till Now No Response Regarding Allotment Of Shares
7. Xyz     Link|February 27, 2024 11:43:07 AM
Money is still blocked in bank account; getting no any message regarding allotment
6. rld     Link|February 26, 2024 7:43:33 AM
Why no Emails or message for Right issue share credit and allotment information?
6.1. Anuj agarwal     Link|February 27, 2024 6:31:16 AM
Received e mail for allotment but shares have not been credited to demat.
No e mails also regarding this
5. BHUSHAN GOYAL     Link|February 19, 2024 5:43:04 PM
Anybody got allotment massage? Or basic of allotment
4. KiranJintikar     Link|February 19, 2024 2:54:49 PM
Any info on Right issue shares _
3. nimish b shah     Link|February 15, 2024 9:51:27 AM
sir i hv 10k indian infotech shrs, i hv for right issue, but instead of my huf ac i hv filled in my other ac, what should i do now? pls tell me sir

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