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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

2. Rajesh Kumar     Link|February 10, 2024 8:23:00 PM
Go to ASBA section of your dmat account linked bank and subscribe as you do for any other IPO .... enter the no. of shares as many as you have credited in your dmat through rights issue... All the best!
1. Vinaykumar Lad     Link|January 20, 2024 2:45:23 PM
1)What's the promoters holding before and after the rights issue of Indian infotech and software limited ?
2) What's the purpose of Rights issue ?
How the funds of Rights issue will be utilised ?
3) What are the business plans for future ?
1.1. Vinaykumar Lad     Link|January 26, 2024 12:37:18 PM
Waiting for your reply on my message dated 20'th January 2024 about "Indian infotech and software limited" rights issue.
1.2. Nilam Mishra     Link|February 7, 2024 12:17:11 AM
Sir i want to purchase my RE share of indian infotech.i have alloted near about 5000 share.pls suggest how to purchase this stock

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