Indian Infotech And Software Rights Issue

Indian Infotech And Software Rights Issue will open for subscription from 06 February 2024. the company aims for an issue size of ₹41.83 Crores through this rights Issue.

About the company

Founded in 1982, Indian Infotech And Software Ltd. is a non-banking financial company that provides loans to individuals and companies at a reasonable interest rate. In addition, IISL also invests in shares of companies with high growth potential. The company supports start-ups as well as established companies that are committed to the “Make in India” movement.

Objectives of the Issue

  • To meet the Working Capital Requirements of the company.
  • General Corporate Purposes

Indian Infotech And Software Rights Issue Timetable

Last Date to buy shares25 January 2024
Record Date29 January 2024
Credit of Rights Entitlements
Bid/Offer Opens On06 February 2024
Renunciation of Rights Entitlements08 February 2024
Bid/Offer Closes On13 February 2024
Deemed Date of Allotment15 February 2024
Credit Date19 February 2024
Listing Date26 February 2024

Indian Infotech And Software Rights Issue Details

Issue OpenFebruary 6, 2024 – February 13, 2024
Security NameIndian Infotech And Software Limited
Issue Size (Shares)261,453,270
Issue Size (Amount)₹41.83 Crores
Issue Price₹1.6 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentFull amount of Re. 1.60/- per share payable on application
Entitlement13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax7.210.610.32-11.36
Net Worth237.03229.81229.24
Reserves and Surplus129.25128.68128.36
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Contact Information

Indian Infotech And Software Limited
110, 157 Floor,
Golden Chamber Pre CO-OP Soc Ltd.
New Link Road Andheri (W) Mumbai 400053

Phone: 022 – 49601435

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

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