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Adroit Infotech Limited Rights Issue (Adroit Infotech Rights Issue 2024) Detail

February 7, 2024 - February 16, 2024
Adroit Infotech Limited Logo

Adroit Infotech Limited provides SAP consulting services to large and medium sized organisations.

The company's list of services includes migrations to HANA: SAP HANA, SAP Suite on HANA and S/4 HANA. Conventional SAP ECC: implementation, re-implementation, rollouts, module enhancements, support and maintenance as well as upgrades and migrations.

The company's product portfolio includes ARIBA, CRM, SRM, SAP C4C - Cloud for Customers, Success Factors and SAP Cloud Platform.

Adroit Infotech Rights Issue 2024 Detail

Issue Open February 7, 2024 - February 16, 2024
Security Name Adroit Infotech Limited
Issue Size (Shares) 32,501,058
Issue Size (Amount) ₹48.75 Crores
Issue Price ₹15 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Issue Price of Rs.15/- to be paid as Rs.3.75/- per share on Application and Rs.11.75/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time.

Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Adroit Infotech Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 18, 2024
Record Date January 19, 2024
Credit of Rights Entitlements
Bid/Offer Opens On February 7, 2024
Renunciation of Rights Entitlements February 12, 2024
Bid/Offer Closes On February 16, 2024
Deemed Date of Allotment February 23, 2024
Credit Date February 28, 2024
Listing Date March 4, 2024

Company Financials

Adroit Infotech Limited Financial Information (Restated Consolidated)

Adroit Infotech Limited's revenue increased by 250.28% and profit after tax (PAT) rose by 511.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets34.2117.5114.46
Revenue22.726.497.07
Profit After Tax3.780.62-0.00
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. Towards Expansion of Business;
  2. To pay off other non-current liabilities;
  3. To part finance the requirement of Working Capital;
  4. Acquisitions of Businesses in similar or complementary space;
  5. To meet General corporate purposes; and
  6. To meet the expenses of the Issue.

Adroit Infotech Rights Issue 2024 Subscription Status

Adroit Infotech Rights Issue 2024 got oversubscribed by 1.32 times by the end of the bidding period with total bid quantity received by BSE and NSE of 42,768,829 shares.

Adroit Infotech Rights Issue 2024 Documents

Adroit Infotech Rights Issue 2024 Rating

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Adroit Infotech Rights Issue 2024 Reviews

Company Contact Information

Adroit Infotech Limited
Plot No - 7A, MLA Colony,
Road No. 12, Banjara Hills,
Hyderabad – 500034

Phone: +91-40-23552284
Email: info@adroitinfotech.com
Website: https://www.adroitinfotech.com/

Adroit Infotech Rights Issue 2024 Registrar

  1. Venture Capital And Corporate Investments Pvt Ltd
    Phone: 040-23818475, 23818476, 23868023
    Email: rights@vccipl.com
    Website: https://www.vccipl.com

Adroit Infotech Rights Issue 2024 Lead Manager(s)

Adroit Infotech Rights Issue 2024 FAQs

The Adroit Infotech Rights Issue 2024 opens on February 7, 2024, and closes on February 16, 2024.

Adroit Infotech Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 12, 2024
Issue Opening DateFebruary 7, 2024
Issue Closing DateFebruary 16, 2024
Date of Allotment (on or about)February 23, 2024
Date of Credit (on or about)February 28, 2024
Date of Listing (on or about)March 4, 2024

Adroit Infotech Rights Issue 2024 price is set at ₹15 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (January 19, 2024).

The record date for the Adroit Infotech Rights Issue 2024 is January 19, 2024.

The issue size of Adroit Infotech Rights Issue 2024 is of 32,501,058 equity shares at ₹15 per share aggregating upto ₹48.75 Crores.

The Letter of Offer for Adroit Infotech Rights Issue 2024 can be download here.

You can apply for Adroit Infotech Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Adroit Infotech Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Adroit Infotech Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Adroit Infotech Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Adroit Infotech Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Adroit Infotech Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Compare rights issues with Adroit Infotech Rights Issue 2024