₹125.00 Crores | Listing at BSE | Mon, Jan 9, 2023 - Tue, Jan 24, 2023
Quint Digital Media Ltd Rights Issue comprises 2.50 Cr equity shares aggregating to ₹125.00 Cr, offered at an issue price of ₹50 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Dec 22, 2022.
The term of payment is defined as following : Rs. 50/- per Rights Equity Share payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jan 9, 2023, and closes on Jan 24, 2023, with renunciation of Rights Entitlements permitted up to Jan 13, 2023.
The deemed date of allotment is Jan 31, 2023, following which the equity shares are expected to be credited to demat accounts on Feb 1, 2023 and listed at the BSE on Feb 3, 2023.
Choice Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Quint Digital Media Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Dec 22, 2022
Entitlement Ratio
:
Open Date
Mon, Jan 9, 2023
Close Date
Tue, Jan 24, 2023
Rs. 50/- per Rights Equity Share payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 140.53 | 73.59 | -81.92 |
| 31-Mar-21 | 114.29 | 39.16 | -61.12 |
| 31-Mar-22 | 106.74 | 61.53 | -24.87 |
| Amount in ₹ Crore | |||
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.
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.
[Dilip Davda] Though the company has been posting losses, it enjoys the fancy of investors and the RI is at nearly 67% discount to its last traded price. Well-informed investors may consider an investment for long-term rewards. Read detail review...
Quint Digital Media Ltd
403, Prabhat Kiran, 17,
Rajendra Place, Delhi
110 008
Skyline Financial Services Pvt.Ltd.
The Quint Digital Media Rights Issue 2022 opens on Mon, Jan 9, 2023, and closes on Tue, Jan 24, 2023.
Quint Digital Media Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 13, 2023 |
| Issue Opening Date | Mon, Jan 9, 2023 |
| Issue Closing Date | Tue, Jan 24, 2023 |
| Date of Allotment (on or about) | Tue, Jan 31, 2023 |
| Date of Credit (on or about) | Wed, Feb 1, 2023 |
| Date of Listing (on or about) | Fri, Feb 3, 2023 |
You can apply for Quint Digital Media Rights Issue 2022 in two ways:
Steps to apply for Quint Digital Media Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Quint Digital Media Rights Issue 2022 using Registrar's website (R-WAP)
