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Quint Digital Media Ltd Rights Issue (Quint Digital Media Rights Issue 2022) Detail

January 9, 2023 - January 24, 2023
Quint Digital Media Ltd Logo

Incorporated in 1985, Quint Digital Media Ltd presently operates in the M & E-business through its presence in the digital news media segment with three leading digital media platforms viz.: "www.thequint.com" "www.hindi.thequint.com" and www.thequint.com/fit.

The digital media platforms of the Company disseminate news, opinions, and current affairs content on India and the world covering multiple categories such as governance, politics, economy, business, entertainment, sports, technology, education, lifestyle, health and fitness, gender issues, and more.

The Company is India's only pureplay digital news media player.

Quint Digital Media Rights Issue 2022 Detail

Issue Open January 9, 2023 - January 24, 2023
Security Name Quint Digital Media Ltd
Issue Size (Shares) 25,000,000
Issue Size (Amount) ₹125.00 Crores
Issue Price ₹50 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Rs. 50/- per Rights Equity Share payable on application.

Entitlement 42 Rights Share for every 37 Equity Shares held as on Record Date

Quint Digital Media Rights Issue 2022 Issue Timetable

Record Date December 22, 2022
Credit of Rights Entitlements
Bid/Offer Opens On January 9, 2023
Renunciation of Rights Entitlements January 13, 2023
Bid/Offer Closes On January 24, 2023
Deemed Date of Allotment January 31, 2023
Credit Date February 1, 2023
Listing Date February 3, 2023

Company Financials

Quint Digital Media Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20140.5373.59-81.92
31-Mar-21114.2939.16-61.12
31-Mar-22106.7461.53-24.87
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards funding the following Objects:

1. Towards exercise of the call option under the Quintype SHA.

2. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.

3. Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.

4. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.

5. Pre- payment / repayment of loans; and 6. General Corporate Purposes.

Quint Digital Media Rights Issue 2022 Documents

Quint Digital Media Rights Issue 2022 Rating

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Quint Digital Media Rights Issue 2022 Reviews

Company Contact Information

Quint Digital Media Ltd
403, Prabhat Kiran, 17,
Rajendra Place, Delhi
110 008

Phone: +91 011 4514 2374
Email: cs@thequint.com
Website: http://www.quintdigitalmedia.com/

Quint Digital Media Rights Issue 2022 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: subhashdhingreja@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Quint Digital Media Rights Issue 2022 Lead Manager(s)

Quint Digital Media Rights Issue 2022 FAQs

The Quint Digital Media Rights Issue 2022 opens on January 9, 2023, and closes on January 24, 2023.

Quint Digital Media Rights Issue 2022 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJanuary 13, 2023
Issue Opening DateJanuary 9, 2023
Issue Closing DateJanuary 24, 2023
Date of Allotment (on or about)January 31, 2023
Date of Credit (on or about)February 1, 2023
Date of Listing (on or about)February 3, 2023

Quint Digital Media Rights Issue 2022 price is set at ₹50 per share per equity share.

The eligible shareholders are being offered 42 Rights Share for every 37 Equity Shares held as on Record Date (December 22, 2022).

The record date for the Quint Digital Media Rights Issue 2022 is December 22, 2022.

The issue size of Quint Digital Media Rights Issue 2022 is of 25,000,000 equity shares at ₹50 per share aggregating upto ₹125.00 Crores.

The Letter of Offer for Quint Digital Media Rights Issue 2022 can be download here.

You can apply for Quint Digital Media Rights Issue 2022 in two ways:

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

Steps to apply for Quint Digital Media Rights Issue 2022 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 Quint Digital Media Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Quint Digital Media Rights Issue 2022.
  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 Quint Digital Media Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Quint Digital Media Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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