Scanpoint Geomatics Limited Rights Issue (Scanpoint Geomatics Rights Issue) Detail

₹24.96 Crores | Listing at BSE | Mon, Aug 30, 2021 - Mon, Sep 13, 2021

Scanpoint Geomatics Limited Logo

Scanpoint Geomatics Limited Rights Issue comprises 2.00 Cr equity shares aggregating to ₹24.96 Cr, offered at an issue price of ₹12.5 per share with a face value of ₹2 per share.

The record date for determining eligible shareholders is Aug 17, 2021.

As per the terms of payment, ₹12.5 per share payable on application, with the balance payable in call(s).

The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 28, 2021.

The Rights Issue opens on Aug 30, 2021 and closes on Sep 13, 2021.

The deemed date of allotment is Sep 20, 2021, following which the equity shares are expected to be credited to demat accounts on Sep 21, 2021 and listed on the BSE on Sep 23, 2021.

Vivro Financial Services 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 Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Tue, Aug 17, 2021

Entitlement Ratio

:

Open Date

Mon, Aug 30, 2021

Close Date

Mon, Sep 13, 2021

Rights Issue Details

Rights Issue Timetable

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-21 31-Mar-20
Total Assets 11,531.65 9,045.23
Total Revenue 4,378.79 5,299.56
Profit After Tax 202.43 173.66

About Scanpoint Geomatics Limited

Established in the year 1992, Scanpoint Geomatics deals with developing technology platforms and solutions in the field of Geographic Information System (GIS) and remote sensing. The company pioneered India's geospatial domain through IGiS - an indigenous technology that brings GIS, Image Processing, Photogrammetry, and CAD together on a single platform. IGiS technology caters to a multitude of solutions across industries like Agriculture, Defence, Forestry, Disaster Management, Land Information, Mining, Power, Smart City, Urban Planning, Utilities, and Location-Based Service. The company has partnered with ISRO for providing its customers the latest geospatial domain technologies. The company's service also includes end-to-end turn-key solutions for enterprise GIS implementation.

The company is ISO 9001:2015 certified for providing geomatics solutions & the information security management system is ISO 27001:2013 certified. Products and processes are compliant with OGC and CMMi3 quality and capability maturity standards.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized to: 1. Repay / prepay, in full or in part, identified unsecured loans availed by our Company. 2. Long-term working capital requirement. 3. General corporate purposes

Rights Issue Review

[Dilip Davda] The company has posted steady performance for the last two fiscals despite pandemic and scrip too fared well on bourses in last one year. Investors may consider parking of funds in this rights offer with a long term perspective. Read detail review...

Company Contact Information

Scanpoint Geomatics Limited
9, Mahakant Complex
Opposite V. S. Hospital
Ashram Road, Ahmedabad – 380 006
Ahmedabad, Gujarat, 380006

Rights Issue Registrar

MUFG Intime India Pvt.Ltd.

Rights Issue Lead Manager(s)

  1. Vivro Financial Services Pvt.Ltd.

Rights Issue FAQs

The Scanpoint Geomatics Rights Issue opens on Mon, Aug 30, 2021, and closes on Mon, Sep 13, 2021.

Scanpoint Geomatics Rights Issue Schedule

Last Date for credit of Rights EntitlementsSat, Aug 28, 2021
Last Date for renunciation of Rights EntitlementsTue, Sep 7, 2021
Issue Opening DateMon, Aug 30, 2021
Issue Closing DateMon, Sep 13, 2021
Date of Allotment (on or about)Mon, Sep 20, 2021
Date of Credit (on or about)Tue, Sep 21, 2021
Date of Listing (on or about)Thu, Sep 23, 2021
Scanpoint Geomatics Rights Issue price is set at ₹12.5 per share.
The eligible shareholders are being offered 40 Rights Equity Shares for every 99 fully paid-up Equity Shares held on the Record date (Tue, Aug 17, 2021).
The record date for the Scanpoint Geomatics Rights Issue is Tue, Aug 17, 2021.
The issue size of Scanpoint Geomatics Rights Issue is of 1,99,67,482 equity shares at ₹12.5 per share aggregating up to ₹24.96 Crores.
The Letter of Offer for Scanpoint Geomatics Rights Issue can be downloaded here.

You can apply for Scanpoint Geomatics Rights Issue in two ways:

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

Steps to apply for Scanpoint Geomatics 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 Scanpoint Geomatics Rights Issue is available on the list.
  4. Click the Apply button next to the Scanpoint Geomatics Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Steps to apply for Scanpoint Geomatics Rights Issue using Registrar's website (R-WAP)

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

Compare: