GACM Technologies Rights Issue will open for subscription from 31 July 2024. the company aims for an issue size of ₹34.03 Crores through this rights Issue.
About the company
Established in 1995, GACM Technologies provides financial consulting and financial technology-related services. Its main offerings include portfolio management services (PMS) and securities trading and broking services. The company is engaged in three sectors:
- Edtech: GACM Technologies Limited provides back office services to Edu Tech Companies. These services include Blended learning, Video, Gaming, Virtual Reality (VR) or augmented reality, and Increasing independent learning or homeschooling.
- Digitech: Digital transformation in the financial sector involves various technologies such as cloud computing, data analytics, artificial intelligence, machine learning, and the Internet of Things (IoT).
- Insuretech: Its insurance software services for websites or apps to research, compare, and buy insurance policies from insurance providers.
Objectives of the Issue
- To finance the capital expenditure towards the purchase of software & hardware, and servers;
- To repay or prepay, in Full or in part, of certain Borrowings availed by our Company through adjustment against the Entitlement of Promoter and Promoter Group.
- To invest in Gayiadi Fintech Private Limited, Wholly Owned Subsidiary Company, to finance its capital expenditure;
- To make Acquisitions of Businesses in a similar or Complementary Spaces.
- To meet General corporate purposes
GACM Technologies Rights Issue Timetable
| Rights Issue Approval Date | 10 July 2024 |
| Rights Issue Record Date | 16 July 2024 |
| Credit of Rights Entitlement | 26 July 2024 |
| Rights Issue Opening Date | 31 July 2024 |
| Last Date for Market Renunciation | 08 August 2024 |
| Rights Issue Closing Date | 14 August 2024 |
| Finalization of Basis of Allotment | 21 August 2024 |
| Rights Allotment Date | 22 August 2024 |
| Credit Date | 28 August 2024 |
| Listing Date | 03 September 2024 |
GACM Technologies Rights Issue Details
| Issue Open | July 31, 2024 – August 14, 2024 |
| Security Name | GACM Technologies Limited |
| Issue Size (Shares) | 340,287,057 |
| Issue Size (Amount) | ₹34.03 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of Re 1.00 per Equity Share is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 2.11 | 10.39 | 7.47 |
| Expenses | 13.55 | 9.85 | 5.00 |
| Operating Margin (%) | (542.18) | 5.20 | 33.07 |
| Net Income | (8.03) | (1.17) | 1.13 |
| ROCE (%) | – | (0.94) | 13.32 |
Rights Issue Documents
GACM Technologies Rights Issue Lead Manager(s)
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone: +91-22-41204837
E-mail: navigant@navigantcorp.com
Website: www.navigantcorp.com
GACM Technologies Registrar
VENTURE CAPITAL & CORPORATE INVESTMENTS PVT. LTD
Door No. 4-50/P-II/57/4F & 5F, 4th & 5th Floors,
Plot No. 57, Jayabheri Enclave Phase – II, Gachibowli,
Seri Lingampally, Hyderabad, Telangana, 500032
Phone: 040-23818475
Email: investor.relations@vccipl.com
Website: www.vccipl.com
Company Contact Information
GACM TECHNOLOGIES LIMITED
Kura Towers, 10th Floor, D. No.1-11-254
& 1-11-255, S.P. Road, Begumpet,
Secunderabad, Hyderabad, Telangana, 500016
Phone: 040-69086900 / 84
E-mail: cs@stampedcap.com
Website: www.gacmtech.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
