₹41.83 Crores | Listing at BSE | Tue, Feb 6, 2024 - Tue, Feb 13, 2024
Indian Infotech And Software Limited Rights Issue comprises 26.15 Cr equity shares aggregating to ₹41.83 Cr, offered at an issue price of ₹1.6 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jan 29, 2024, with the Rights Issue being offered in the entitlement ratio of 13 : 50.
The term of payment is defined as following : Full amount of Re. 1.60/- per share payable on application
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 6, 2024, and closes on Feb 13, 2024, with renunciation of Rights Entitlements permitted up to Feb 8, 2024.
The deemed date of allotment is Feb 15, 2024, following which the equity shares are expected to be credited to demat accounts on Feb 19, 2024 and listed at the BSE on Feb 26, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Indian Infotech And Software Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jan 29, 2024
Entitlement Ratio
13 : 50
Open Date
Tue, Feb 6, 2024
Close Date
Tue, Feb 13, 2024
Full amount of Re. 1.60/- per share payable on application
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 230.95 | 230.24 | 229.83 | |
| Revenue | 10.95 | 47.06 | 55.39 | 41.18 |
| Profit After Tax | 7.21 | 0.61 | 0.32 | -11.36 |
| Net Worth | 237.03 | 229.81 | 229.24 | |
| Reserves and Surplus | 129.25 | 128.68 | 128.36 | |
| Amount in ₹ Crore | ||||
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.
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
[Dilip Davda] Though this RI is at a discount to its last traded price, it is very high if we compare its financial performance. The name of company does not match with its ongoing activities and is misguiding. Considering poor financial track record and jump in its post-RI paid up equity capital of Rs.126.7 cr., it will have capital servicing issue with minuscule earnings. There is no harm is staying away from this “High Risk/No Return” bet. Read detail review...
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 35,94,89,499 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 13 2024 17:00:00 | 35,94,89,499 | 1.37x |
Indian Infotech And Software Limited
110, 157 Floor,
Golden Chamber Pre CO-OP Soc Ltd.
New Link Road Andheri (W) Mumbai 400053
Andheri, Maharashtra, 400053
Purva Sharegistry (India) Pvt.Ltd.
The Indian Infotech And Software Rights Issue 2024 opens on Tue, Feb 6, 2024, and closes on Tue, Feb 13, 2024.
Indian Infotech And Software Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Feb 8, 2024 |
| Issue Opening Date | Tue, Feb 6, 2024 |
| Issue Closing Date | Tue, Feb 13, 2024 |
| Date of Allotment (on or about) | Thu, Feb 15, 2024 |
| Date of Credit (on or about) | Mon, Feb 19, 2024 |
| Date of Listing (on or about) | Mon, Feb 26, 2024 |
You can apply for Indian Infotech And Software Rights Issue 2024 in two ways:
Steps to apply for Indian Infotech And Software Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Indian Infotech And Software Rights Issue 2024 using Registrar's website (R-WAP)
