Adroit Infotech Rights Issue will open for subscription from 07 February 2024. the company aims for an issue size of ₹48.75 Crores through this rights Issue.
About the company
Adroit Infotech Limited provides SAP consulting services to large and medium-sized organizations. The company’s list of services includes migrations to HANA: SAP HANA, SAP Suite on HANA, and S/4 HANA. Conventional SAP ECC: implementation, re-implementation, rollouts, module enhancements, support, and maintenance as well as upgrades and migrations. The company’s product portfolio includes ARIBA, CRM, SRM, SAP C4C – Cloud for Customers, Success Factors, and SAP Cloud Platform.
Objectives of the Issue
- Towards Expansion of Business;
- To pay off other non-current liabilities;
- To part finance the requirement of Working Capital;
- Acquisitions of Businesses in similar or complementary space;
- To meet General corporate purposes; and
- To meet the expenses of the Issue.
Adroit Infotech Rights Issue Timetable
| Last Date to buy shares | 18 January 2024 |
| Record Date | 19 January 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 07 February 2024 |
| Renunciation of Rights Entitlements | 12 February 2024 |
| Bid/Offer Closes On | 16 February 2024 |
| Deemed Date of Allotment | 23 February 2024 |
| Credit Date | 28 February 2024 |
| Listing Date | 04 March 2024 |
Adroit Infotech Rights Issue Details
| Issue Open | February 7, 2024 – February 16, 2024 |
| Security Name | Adroit Infotech Limited |
| Issue Size (Shares) | 32,501,058 |
| Issue Size (Amount) | ₹48.75 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.15/- to be paid as Rs.3.75/- per share on Application and Rs.11.75/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time. |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 34.21 | 17.51 | 14.46 |
| Revenue | 22.72 | 6.49 | 7.07 |
| Profit After Tax | 3.78 | 0.62 | -0.00 |
Adroit Infotech Rights Issue Documents
Lead Manager(s)
Adroit Infotech Registrar
Venture Capital And Corporate Investments Pvt Ltd
Phone: 040-23818475, 23818476, 23868023
Email: rights@vccipl.com
Website: https://www.vccipl.com
Adroit Infotech Contact Information
Adroit Infotech Limited
Plot No – 7A, MLA Colony,
Road No. 12, Banjara Hills,
Hyderabad – 500034
Phone: +91-40-23552284
Email: info@adroitinfotech.com
Website: https://www.adroitinfotech.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
