₹48.91 Crores | Listing at BSE | Tue, Jun 17, 2025 - Tue, Jul 1, 2025
Sylph Technologies Ltd. Rights Issue comprises 48.91 Cr equity shares aggregating to ₹48.91 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Apr 18, 2025, with the Rights Issue being offered in the entitlement ratio of 15 : 11.
The term of payment is defined as following : The entire amount of the Issue Price of ₹1 per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 4, 2025.
The Rights Issue opens on Jun 17, 2025, and closes on Jul 1, 2025, with renunciation of Rights Entitlements permitted up to Jun 25, 2025.
The deemed date of allotment is Jul 4, 2025, following which the equity shares are expected to be credited to demat accounts on Jul 10, 2025 and listed at the BSE on Jul 7, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sylph Technologies Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Apr 18, 2025
Entitlement Ratio
15 : 11
Open Date
Tue, Jun 17, 2025
Close Date
Tue, Jul 1, 2025
The entire amount of the Issue Price of ₹1 per Rights Equity Share shall be payable at the time of Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 82.52 | 17.89 |
| Revenue | 16.16 | 5.46 |
| Profit After Tax | -2.52 | 0.64 |
| Amount in ₹ Crore | ||
Incorporated in 1992, Sylph Technologies Limited is a software development and technology solutions company based in Indore, Madhya Pradesh, India.
The company operates across a diverse range of sectors, offering a broad portfolio of services. The company is engaged in software development and outsourcing, providing customized solutions to clients across various industries.
It also specializes in web and mobile application development, delivering user-friendly digital platforms tailored to modern business needs.
The company is also active in the business and knowledge process outsourcing (BPO/KPO) domain, offering cost-effective and efficient services to global clients. Interestingly, its operations extend beyond the tech sector into newspaper publishing, as well as the trading of solar power products, reflecting a unique blend of technology, media, and renewable energy initiatives.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] STL is primarily engaged in construction related activities, waste management etc. It posted inconsistency in its working and has reported minuscule earnings. For FY 24, it posted huge loss, that raise major alarm. Though its record date is April 18, 2025, the offer document files only on June 11, 2025. The counter is well managed above RI price by the vested interests as it has no promoter’s holding. Simply stay away from this “High Risk/No Return” at par bet. Read detail review...
Sylph Technologies Rights Issue 2025 got oversubscribed by 1.23 times by the end of the bidding period with total bid quantity received by BSE of 60,38,41,739 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jul 01 2025 17:00:00 | 60,38,41,739 | 1.23x |
Sylph Technologies Ltd.
201,
E Johari Palace 51 M G Road,
Indore Tukoganj,
Indore, Madhya Pradesh
Purva Sharegistry (India) Pvt.Ltd.
The Sylph Technologies Rights Issue 2025 opens on Tue, Jun 17, 2025, and closes on Tue, Jul 1, 2025.
Sylph Technologies Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jun 13, 2025 |
| Last Date for renunciation of Rights Entitlements | Wed, Jun 25, 2025 |
| Issue Opening Date | Tue, Jun 17, 2025 |
| Issue Closing Date | Tue, Jul 1, 2025 |
| Date of Allotment (on or about) | Fri, Jul 4, 2025 |
| Date of Credit (on or about) | Thu, Jul 10, 2025 |
| Date of Listing (on or about) | Mon, Jul 7, 2025 |
You can apply for Sylph Technologies Rights Issue 2025 in two ways:
Steps to apply for Sylph Technologies Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Sylph Technologies Rights Issue 2025 using Registrar's website (R-WAP)
