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 shares | 25 January 2024 |
| Record Date | 29 January 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 06 February 2024 |
| Renunciation of Rights Entitlements | 08 February 2024 |
| Bid/Offer Closes On | 13 February 2024 |
| Deemed Date of Allotment | 15 February 2024 |
| Credit Date | 19 February 2024 |
| Listing Date | 26 February 2024 |
Indian Infotech And Software Rights Issue Details
| Issue Open | February 6, 2024 – February 13, 2024 |
| Security Name | Indian 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 At | BSE |
| Terms of Payment | Full amount of Re. 1.60/- per share payable on application |
| Entitlement | 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 230.95 | 230.24 | 229.83 | |
| Revenue | 10.95 | 47.06 | 55.39 | 41.18 |
| Profit After Tax | 7.21 | 0.61 | 0.32 | -11.36 |
| Net Worth | 237.03 | 229.81 | 229.24 | |
| Reserves and Surplus | 129.25 | 128.68 | 128.36 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
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
Email: indianinfotechsoftware@yahoo.com
Website: https://indianinfotechandsoftwareltd.in/
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
