₹49.42 Crores | Listing at BSE | Thu, Dec 5, 2024 - Tue, Dec 17, 2024
Scanpoint Geomatics Ltd. Rights Issue comprises 8.24 Cr equity shares aggregating to ₹49.42 Cr, offered at an issue price of ₹6 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Nov 27, 2024, with the Rights Issue being offered in the entitlement ratio of 49 : 100.
The term of payment is defined as following : All Money Payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 21, 2024.
The Rights Issue opens on Dec 5, 2024, and closes on Dec 17, 2024, with renunciation of Rights Entitlements permitted up to Dec 9, 2024.
The deemed date of allotment is Dec 21, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 27, 2024 and listed at the BSE on Jan 1, 2025.
Wealth Mine Networks Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Scanpoint Geomatics Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Nov 27, 2024
Entitlement Ratio
49 : 100
Open Date
Thu, Dec 5, 2024
Close Date
Tue, Dec 17, 2024
All Money Payable at the time of Application.
Scanpoint Geomatics Ltd.'s revenue increased by 73.18% and profit after tax (PAT) rose by 178.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 191.97 | 161.21 | 142.40 |
| Revenue | 30.16 | 17.41 | 33.45 |
| Profit After Tax | 1.62 | 0.58 | 1.96 |
| Reserves and Surplus | 72.25 | 71.11 | 70.37 |
| Amount in ₹ Crore | |||
Founded in 1992, Scanpoint Geomatics Ltd. is an Indian company specialising in geospatial software development and sales.
Scanpoint Geomatics Ltd. is known for pioneering the Indian geospatial industry with IGiS, an indigenous technology that combines GIS, image processing, photogrammetry, and CAD on a single platform. IGiS is a joint development partnership between Scanpoint Geomatics Ltd. and SAC-ISRO.
IGiS technology caters to many solutions across industries like Agriculture, Defence, Forestry, Disaster Management, Land Information, Mining, Power, Smart City, Urban Planning, Utilities, and Location-Based Services. The company has partnered with ISRO to provide its customers with the latest geospatial domain technologies. The company's service also includes end-to-end turn-key solutions for enterprise GIS implementation.
They intend to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects:
[Dilip Davda] The company is engaged in providing geospatial technology and related services. It has technical tie-up with ISRO. The company marked steady growth in its top and bottom lines. However, based on its recently traded market price, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...
Scanpoint Geomatics Rights Issue November 2024 got oversubscribed by 1.1 times by the end of the bidding period with total bid quantity received by BSE of 9,09,26,093 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 17 2024 17:00:00 | 9,09,26,093 | 1.10x |
Scanpoint Geomatics Ltd.
D-1016-1021, 10th Floor Swati Clover
Shilaj Circle, S. P Ring Road, Shilaj
Ahmedabad, Daskori, 380 059
Ahmedabad, Gujarat, 380059
The Scanpoint Geomatics Rights Issue November 2024 opens on Thu, Dec 5, 2024, and closes on Tue, Dec 17, 2024.
Scanpoint Geomatics Rights Issue November 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Dec 2, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Dec 9, 2024 |
| Issue Opening Date | Thu, Dec 5, 2024 |
| Issue Closing Date | Tue, Dec 17, 2024 |
| Date of Allotment (on or about) | Sat, Dec 21, 2024 |
| Date of Credit (on or about) | Fri, Dec 27, 2024 |
| Date of Listing (on or about) | Wed, Jan 1, 2025 |
You can apply for Scanpoint Geomatics Rights Issue November 2024 in two ways:
Steps to apply for Scanpoint Geomatics Rights Issue November 2024 using Net Banking (ASBA)
Steps to apply for Scanpoint Geomatics Rights Issue November 2024 using Registrar's website (R-WAP)
