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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.
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 |
Last Date to buy shares | January 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 |
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 34.21 | 17.51 | 14.46 |
Revenue | 22.72 | 6.49 | 7.07 |
Profit After Tax | 3.78 | 0.62 | -0.00 |
Net Worth | |||
Reserves and Surplus | |||
Total Borrowing | |||
Amount in ₹ Crore |
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
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 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/
Venture Capital And Corporate Investments Pvt Ltd
Phone: 040-23818475, 23818476, 23868023
Email: rights@vccipl.com
Website: https://www.vccipl.com
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 Entitlements | February 12, 2024 |
Issue Opening Date | February 7, 2024 |
Issue Closing Date | February 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:
Steps to apply for Adroit Infotech Rights Issue 2024 using Net Banking (ASBA)
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)
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