Megasoft Limited Rights Issue (Megasoft Rights Issue) Detail

Jul 22, 2021 - Aug 5, 2021

Megasoft Limited provides innovative solutions in the cloud, cybersecurity, mobile enablement & IoT (Internet of Things), and mobile network services. The company products include analytics, cloud deployment, digital mobile payment platform, mobile service platform, and mobile networks.


With over two decades of experience and expertise in technology leadership, Megasoft provides niche services to its clients locally and globally and serves several Fortune 500 companies. The company has its offices/subsidiaries in the USA, India, Mexico, and Malaysia.

Megasoft Rights Issue Detail

Issue OpenJul 22, 2021 - Aug 5, 2021
Security NameMegasoft Limited
Issue Size (Shares)2.95 Crores
Issue Size (Amount)₹29.50 Crores
Issue Price₹10 per share
Face Value₹10 per share
Minimum Lot size
Market Lot
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs.10 per Rights Equity Share is payable on Application.
Entitlement2 Rights Equity Share for every 3 Fully Paid-up equity shares held on the Record Date

Megasoft Rights Issue Issue Timetable

Bid/Offer Opens OnJul 22, 2021
Bid/Offer Closes OnAug 5, 2021
Record DateJul 13, 2021
Deemed Date of AllotmentAug 13, 2021
Renunciation of Rights EntitlementsJul 30, 2021

Company Financials

Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,173.28 3,312.62 3,217.45
Total Revenue 662.66 632.35 705.13
Profit After Tax 18.48 7.07 3.34

Objects of the Issue:


The Net Proceeds from the Issue are proposed to be utilized towards the below objects:
1. Reduce the overall outstanding borrowings of the Company.
2. General Corporate Purposes.

Megasoft Rights Issue Documents

Megasoft Rights Issue Rating

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Megasoft Rights Issue Reviews

Company Contact Information

Megasoft Limited
No.85, Kutchery Road,
Mylapore, Chennai – 600004,
Tamil Nadu, India

Phone: +91 44 24616768
Email: investors@megasoft.com
Website: http://www.megasoft.com/index.asp

Megasoft Rights Issue Registrar

  1. Cameo Corporate Services Limited
       Cameo Corporate Services Ltd.,
       Subramanian Building # 1, Club House Road,
       Chennai 600 002 - India

    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://online.cameoindia.com/

Megasoft Rights Issue Lead Manager(s)

Megasoft Rights Issue FAQs

  1. When is Megasoft Rights Issue coming?

    The Megasoft Rights Issue opens on Jul 22, 2021, and closes on Aug 5, 2021.

  2. What is the schedule for Megasoft Rights Issue?

    Megasoft Rights Issue Schedule

    Last Date for credit of Rights EntitlementsJul 21, 2021
    Last Date for renunciation of Rights EntitlementsJul 30, 2021
    Issue Opening DateJul 22, 2021
    Issue Closing DateAug 5, 2021
    Date of Allotment (on or about)Aug 13, 2021
    Date of Credit (on or about)Aug 17, 2021
    Date of Listing (on or about)Aug 20, 2021
  3. What is the issue price for Megasoft Rights Issue?

    Megasoft Rights Issue price is set at ₹10 per share per equity share.

  4. In what ratio is the Megasoft Rights Issue offered?

    The eligible shareholders are being offered 2 Rights Equity Share for every 3 Fully Paid-up equity shares held on the Record Date (Jul 13, 2021).

  5. What is the record date for Megasoft Rights Issue?

    The record date for the Megasoft Rights Issue is Jul 13, 2021.

  6. What is the issue size of Megasoft Rights Issue?

    The issue size of Megasoft Rights Issue is of 2.95 Crores equity shares at ₹10 per share aggregating upto ₹29.50 Crores.

  7. Where can I get the Letter of Offer for Megasoft Rights Issue?

    The Letter of Offer for Megasoft Rights Issue can be download here.

  8. How to apply for Megasoft Rights Issue?

    You can apply for Megasoft Rights Issue in two ways:

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

    Steps to apply for Megasoft Rights Issue 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 Megasoft Rights Issue available on the list.
    4. Click the Apply button next to the Megasoft Rights Issue.
    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 Megasoft Rights Issue using Registrar's website (R-WAP)

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

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