DSJ keep Learning Rights Issue

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 shares13 May 2024
Record Date14 May 2024
Credit of Rights Entitlements28 June 2024
Bid/Offer Opens On29 May 2024
Renunciation of Rights Entitlements03 June 2024
Bid/Offer Closes On06 June 2024
Deemed Date of Allotment14 June 2024
Credit Date19 June 2024
Listing Date20 June 2024

DSJ keep Learning Rights Issue Details

Issue OpenMay 29, 2024 – June 6, 2024
Security NameDSJ 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 AtBSE
Terms of PaymentThe full amount of Re 1/- Equity share is payable on application by the Eligible Shareholder/Applicant.
Entitlement7 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)(2134.09)28.1313.71
Net Income(407.88)127.406.23
ROCE (%)(207.16)89.7320.21
(Amount in ₹ Lakhs)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

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

419-A, 4 Arun Chambers, Next to AC Market,
Tardeo, Mumbai – 400034, Maharashtra
Phone: +022 40023127

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

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