Scanpoint Geomatics Rights Issue will open for subscription from 30 April 2024. the company aims for an issue size of ₹49.40 Crores through this rights Issue.
About the company
Founded in 1992, Scanpoint Geomatics Ltd. is an Indian company specialising in geospatial software development and sales. Scanpoint Geomatics Ltd. is known for pioneering the Indian geospatial industry with IGiS, an indigenous technology that combines GIS, image processing, photogrammetry, and CAD on a single platform. IGiS is a joint development partnership between Scanpoint Geomatics Ltd. and SAC-ISRO.
IGiS technology caters to many solutions across industries like Agriculture, Defence, Forestry, Disaster Management, Land Information, Mining, Power, Smart City, Urban Planning, Utilities, and Location-Based Services. The company has partnered with ISRO to provide its customers with the latest geospatial domain technologies. The company’s service also includes end-to-end turn-key solutions for enterprise GIS implementation.
The company is ISO 9001:2015 certified for providing geomatics solutions & the information security management system is ISO 27001:2013 certified. Products and processes comply with OGC and CMMi3 quality and capability maturity standards.
Objectives of the Issue
- To repay, in full or in part, the identified unsecured loan availed by the company;
- To meet the long-term working capital requirements; and
- General Corporate Purposes.
Scanpoint Geomatics Rights Issue Timetable
| Last Date to buy shares | 18 April 2024 |
| Record Date | 19 April 2024 |
| Credit of Rights Entitlements | 29 April 2024 |
| Bid/Offer Opens On | 30 April 2024 |
| Renunciation of Rights Entitlements | 02 May 2024 |
| Bid/Offer Closes On | 08 May 2024 |
| Deemed Date of Allotment | 16 May 2024 |
| Credit Date | 23 May 2024 |
| Listing Date | 27 May 2024 |
Scanpoint Geomatics Rights Issue Details
| Issue Open | April 30, 2024 – May 8, 2024 |
| Security Name | Scanpoint Geomatics Ltd. |
| Issue Size (Shares) | 98,800,000 |
| Issue Size (Amount) | ₹49.40 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹2 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price i.e.Rs.5/- is payable on the application |
| Entitlement | 67 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 161.18 | 142.40 | |
| Revenue | 10.64 | 17.41 | 33.45 |
| Profit After Tax | 0.49 | 0.58 | 1.96 |
| Net Worth | 83.49 | 83.20 | 82.62 |
| Reserves and Surplus | 71.05 | 70.46 |
Rights Issue Documents
Lead Manager(s)
- Vivro Financial Services Private Limited
Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: scanpoint.rights2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Contact Information
Scanpoint Geomatics Ltd.
D-1002-1021, 10th Floor Swati Clover
Shilaj Circle, S. P Ring Road, Thaltej
Ahmedabad – 380 059
Phone: +91 079 460 23912
Email: cs@sgligis.com
Website: http://www.sgligis.com/
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
