Scanpoint Geomatics Rights Issue

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 shares18 April 2024
Record Date19 April 2024
Credit of Rights Entitlements29 April 2024
Bid/Offer Opens On30 April 2024
Renunciation of Rights Entitlements02 May 2024
Bid/Offer Closes On08 May 2024
Deemed Date of Allotment16 May 2024
Credit Date23 May 2024
Listing Date27 May 2024

Scanpoint Geomatics Rights Issue Details

Issue OpenApril 30, 2024 – May 8, 2024
Security NameScanpoint 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 AtBSE
Terms of PaymentThe Issue Price i.e.Rs.5/- is payable on the application
Entitlement67 Rights Equity Share(s) for every 47 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Dec 202331 Mar 202331 Mar 2022
Profit After Tax0.490.581.96
Net Worth83.4983.2082.62
Reserves and Surplus71.0570.46
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Vivro Financial Services Private Limited

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

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

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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