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NXTDIGITAL Limited Rights Issue (NXTDIGITAL Rights Issue) Detail

Nov 15, 2021 - Nov 29, 2021
NXTDIGITAL Limited Logo

NXTDIGITAL Limited is engaged in delivering digital content via cable networks as well as through Headend In the Sky (HITS). The company distributes its services through a network of Local Cable Operators (LCOs). The company provides digital content to subscribers either directly or through its affiliated LCOs. The company fundamentally follows a B2B2C business model. In this, the company structures its relationships with LCOs in such a way that this LCOs continue to be the principal contact with subscribers in the relevant local area.
The company's primary source of revenue for digital content services is subscription income from subscribers either directly or through LCOs, placement income received from broadcasters for placing their channels in preferred logical channel number line up on its platforms, incentives received from broadcasters for deeper penetration of their channels in company's customer base, and carriage income from carriage fees payable by broadcasters for carrying their channels.
As of September 30, 2021, the company operates its business across India through more than 10,000 LCOs. The company has connected Set-Top Boxes (STBs) to over 56 lakh subscribers to whom they offer over 600 channels on their cable platform. The company also offers 700 standard and high-definition channels on its HITS platform in India.

NXTDIGITAL Rights Issue Detail

Issue Open Nov 15, 2021 - Nov 29, 2021
Security Name NXTDIGITAL Limited
Issue Size (Shares) 0.96 Crores
Issue Size (Amount) ₹288.61 Crores
Issue Price ₹300 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount of the Issue Price being ₹ 300 will be payable on application.
Entitlement 2 rights equity shares for every 5 equity shares held on the record date

NXTDIGITAL Rights Issue Issue Timetable

Bid/Offer Opens On Nov 15, 2021
Bid/Offer Closes On Nov 29, 2021
Record Date Oct 25, 2021
Deemed Date of Allotment Dec 4, 2021
Renunciation of Rights Entitlements Nov 24, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 18,780.67 19,640.25
Total Income 10,084.50 11,620.99
Profit After Tax (163.60) 1,096.77

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Repayment and /or prepayment, of all or a portion of certain outstanding borrowings including interest availed by the company; and
2. General corporate purposes

NXTDIGITAL Rights Issue Documents

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Company Contact Information

NXTDIGITAL Limited
IN CENTRE, 49/50 MIDC,
12th Road, Andheri (East),
Mumbai – 400 093, Maharashtra,

Phone: +91 22 2820 8585
Email: investorgrievances@nxtdigital.in
Website: http://www.nxtdigital.co.in/

NXTDIGITAL Rights Issue Registrar

  1. KFintech Private Limited
    Phone: 04067162222, 04079611000
    Email: nxtdigital.rights@kfintech.com
    Website: https://karisma.kfintech.com/

NXTDIGITAL Rights Issue Lead Manager(s)

NXTDIGITAL Rights Issue FAQs

The NXTDIGITAL Rights Issue opens on Nov 15, 2021, and closes on Nov 29, 2021.

NXTDIGITAL Rights Issue Schedule

Last Date for credit of Rights EntitlementsNov 12, 2021
Last Date for renunciation of Rights EntitlementsNov 24, 2021
Issue Opening DateNov 15, 2021
Issue Closing DateNov 29, 2021
Date of Allotment (on or about)Dec 4, 2021
Date of Credit (on or about)Dec 6, 2021
Date of Listing (on or about)Dec 8, 2021

NXTDIGITAL Rights Issue price is set at ₹300 per share per equity share.

The eligible shareholders are being offered 2 rights equity shares for every 5 equity shares held on the record date (Oct 25, 2021).

The record date for the NXTDIGITAL Rights Issue is Oct 25, 2021.

The issue size of NXTDIGITAL Rights Issue is of 0.96 Crores equity shares at ₹300 per share aggregating upto ₹288.61 Crores.

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

You can apply for NXTDIGITAL Rights Issue in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select NXTDIGITAL 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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