DSJ keep Learning Rights Issue will open for subscription from 29 May 2024. the company aims for an issue size of ₹6.81 Crores through this rights Issue.
About the company
DSJ Keep Learning is involved in providing comprehensive educational services. The company’s service and product portfolio includes campus enablement, online programs for continuing education, quality assurance mentoring for institutes and universities, and publication of research.
The company has recently introduced its flagship technology product, keeplearningOS (kOS). kOS is an IT-based application designed for educational institutes to automate the entire education system, including admissions, results, timetables, faculty mapping, announcements, project work, and assignment submissions. kOS currently caters to the needs of over 200 administrators/faculty members and 2300+ students. DSJ Keep Learning operates across three product/service verticals:
- Student Recruitment Services: Offering people, processes, and technology solutions to higher education institutions to efficiently outsource their entire student recruitment process.
- Technology Platform (kOS): Providing a Software as a Service (SaaS) platform to manage all academic and institutional operations for an institution.
- Program Delivery & Management Services: Supplying trained manpower, processes, and technology to higher education institutions, enabling them to transition their offline degree programs online.
Objectives of the Issue
- Repayment or pre-payment, in full or in part, of an unsecured loan availed by the company from the Promoter Group Entity;
- Meet the cost of Software development expenses;
- Meet the cost of Program Delivery & Management Services; and
- General Corporate Purpose.
DSJ keep Learning Rights Issue Timetable
| Last Date to buy shares | 13 May 2024 |
| Record Date | 14 May 2024 |
| Credit of Rights Entitlements | 28 June 2024 |
| Bid/Offer Opens On | 29 May 2024 |
| Renunciation of Rights Entitlements | 03 June 2024 |
| Bid/Offer Closes On | 06 June 2024 |
| Deemed Date of Allotment | 14 June 2024 |
| Credit Date | 19 June 2024 |
| Listing Date | 20 June 2024 |
DSJ keep Learning Rights Issue Details
| Issue Open | May 29, 2024 – June 6, 2024 |
| Security Name | DSJ keep Learning Limited |
| Issue Size (Shares) | 68,124,036 |
| Issue Size (Amount) | ₹6.81 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Re 1/- Equity share is payable on application by the Eligible Shareholder/Applicant. |
| Entitlement | 7 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 17.57 | 482.06 | 574.73 |
| Expenses | 442.02 | 397.45 | 540.53 |
| Operating Margin (%) | (2134.09) | 28.13 | 13.71 |
| Net Income | (407.88) | 127.40 | 6.23 |
| ROCE (%) | (207.16) | 89.73 | 20.21 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 8114949
Email: keeplearning.rights2024@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Information
DSJ KEEP LEARNING LIMITED
419-A, 4 Arun Chambers, Next to AC Market,
Tardeo, Mumbai – 400034, Maharashtra
Phone: +022 40023127
Email: compliance@dsjkeeplearning.com
Website: www.dsjkeeplearning.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
