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Cressanda Solutions Limited Rights Issue (Cressanda Solutions Rights Issue 2023) Detail

June 27, 2023 - July 11, 2023
Cressanda Solutions Limited Logo

Incorporated in 1983, Cressanda Solutions Limited is engaged in providing Information technology (IT), Digital Media, and IT-enabled services.

The company provides two types of products: Technology nXT and Infra nXT.

Technology nXT introduces disruptiveness in business processes to lower TAT (Turnaround time), incorporate simplicity, and standardization of business operations, enabling domain expertise and offering value-for-money solutions to the end customer. As part of the Technology nXT strategy, the company has acquired 'Lucida Technologies' a Bangalore-based Technology firm specializing in the areas of Digital and Analytics solutions, Machine Learning, and Artificial Intelligence.

Infra nXT projects will boast of Infrastructure projects based on the concept of tech n touch, to deliver efficient, connected, resilient, and agile assets, to build efficiency in operation, lowering TAT, and increasing employment, across industries. Focusing on verticals like healthcare, education, livelihood, financial services, and transportation amongst others.

Cressanda Solutions Rights Issue 2023 Detail

Issue Open June 27, 2023 - July 11, 2023
Security Name Cressanda Solutions Limited
Issue Size (Shares) 24,649,206
Issue Size (Amount) ₹49.30 Crores
Issue Price ₹20 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The full amount is payable on application.

Entitlement 6 Rights Equity Share(s) for every 97 fully paid-up Equity Shares held on Record Date

Cressanda Solutions Rights Issue 2023 Issue Timetable

Last Date to buy sharesJune 15, 2023
Record Date June 16, 2023
Credit of Rights Entitlements June 21, 2023
Bid/Offer Opens On June 27, 2023
Renunciation of Rights Entitlements July 5, 2023
Bid/Offer Closes On July 11, 2023
Deemed Date of Allotment July 17, 2023
Credit Date July 19, 2023
Listing Date July 24, 2023

Company Financials

Cressanda Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-1824.360.11-0.01
31-Mar-1924.27-0.09
31-Mar-2024.25-0.09
31-Mar-2124.200.090.00
31-Mar-2241.110.240.27
Amount in ₹ Crore

Cressanda Solutions Rights Issue 2023 Documents

Cressanda Solutions Rights Issue 2023 Rating

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Cressanda Solutions Rights Issue 2023 Reviews

Company Contact Information

Cressanda Solutions Limited
Flat no.12A, 3rd Floor,
Embassy Centre, Jamnalal Bajaj Marg,
Plot no 207, Nariman Point Mumbai - 400 021

Phone: +91-8169245676
Email: info@cressanda.com
Website: https://www.cressanda.com/

Cressanda Solutions Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Cressanda Solutions Rights Issue 2023 Lead Manager(s)

Cressanda Solutions Rights Issue 2023 FAQs

The Cressanda Solutions Rights Issue 2023 opens on June 27, 2023, and closes on July 11, 2023.

Cressanda Solutions Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJune 21, 2023
Last Date for renunciation of Rights EntitlementsJuly 5, 2023
Issue Opening DateJune 27, 2023
Issue Closing DateJuly 11, 2023
Date of Allotment (on or about)July 17, 2023
Date of Credit (on or about)July 19, 2023
Date of Listing (on or about)July 24, 2023

Cressanda Solutions Rights Issue 2023 price is set at ₹20 per share per equity share.

The eligible shareholders are being offered 6 Rights Equity Share(s) for every 97 fully paid-up Equity Shares held on Record Date (June 16, 2023).

The record date for the Cressanda Solutions Rights Issue 2023 is June 16, 2023.

The issue size of Cressanda Solutions Rights Issue 2023 is of 24,649,206 equity shares at ₹20 per share aggregating upto ₹49.30 Crores.

The Letter of Offer for Cressanda Solutions Rights Issue 2023 can be download here.

You can apply for Cressanda Solutions Rights Issue 2023 in two ways:

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

Steps to apply for Cressanda Solutions Rights Issue 2023 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 Cressanda Solutions Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Cressanda Solutions Rights Issue 2023.
  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 Cressanda Solutions Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Cressanda Solutions Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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