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GACM Technologies Limited Rights Issue (GACM Technologies Rights Issue 2024) Detail

July 31, 2024 - August 14, 2024
GACM Technologies Limited Logo

Incorporated in April 1995, GACM Technologies Limited is a financial consultant specializing in fundraising, equity restructuring, creation, and other related activities.

The company is engaged in three sectors 

(i) Edtech

(ii) Digitech

(iii) Insuretech

The company is currently engaged in financial consultancy, which involves advising corporate and related matters and participating in activities ancillary to this, such as designing and developing software solutions for companies' risk management and internal control management functions. This also includes selling, marketing, and installing these software solutions for corporate clients.

GACM Technologies Rights Issue 2024 Detail

Issue Open July 31, 2024 - August 14, 2024
Security Name GACM Technologies Limited
Issue Size (Shares) 340,287,057
Issue Size (Amount) ₹34.03 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The full amount of Re 1.00 per Equity Share is payable on application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

GACM Technologies Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 15, 2024
Record Date July 16, 2024
Credit of Rights Entitlements
Bid/Offer Opens On July 31, 2024
Renunciation of Rights Entitlements August 8, 2024
Bid/Offer Closes On August 14, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

GACM Technologies Limited Financial Information (Restated Standalone)

GACM Technologies Limited's revenue increased by 1575.06% and profit after tax (PAT) rose by 84.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 2022
Assets12.3512.18
Revenue96.985.79
Profit After Tax-1.22-8.08
Net Worth0.080.04
Reserves and Surplus0.080.04
Amount in ₹ Crore

Objects of the Issue:

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

  1. To finance the capital expenditure towards the purchase of software & hardware, and servers;
  2. To repay or prepay, in Full or in part, of certain Borrowings availed by our Company through adjustment against the Entitlement of Promoter and Promoter Group.
  3. To invest in Gayiadi Fintech Private Limited, Wholly Owned Subsidiary Company, to finance its capital expenditure;
  4. To make Acquisitions of Businesses in a similar or Complementary Spaces.
  5. To meet General corporate purposes

GACM Technologies Rights Issue 2024 Documents

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Company Contact Information

GACM Technologies Limited
Kura Towers, 10th Floor
D. No.1-11-254 & 1-11-255, S.P. Road,
Begumpet, Secunderabad, Hyderabad,-500016

Phone: 040-69086900
Email: cs@stampedcap.com
Website: https://gacmtech.com/

GACM Technologies Rights Issue 2024 Registrar

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

GACM Technologies Rights Issue 2024 Lead Manager(s)

Find GACM Technologies Rights Issue 2024 Latest Update

GACM Technologies Rights Issue 2024 FAQs

The GACM Technologies Rights Issue 2024 opens on July 31, 2024, and closes on August 14, 2024.

GACM Technologies Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsAugust 8, 2024
Issue Opening DateJuly 31, 2024
Issue Closing DateAugust 14, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

GACM Technologies Rights Issue 2024 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (July 16, 2024).

The record date for the GACM Technologies Rights Issue 2024 is July 16, 2024.

The issue size of GACM Technologies Rights Issue 2024 is of 340,287,057 equity shares at ₹1 per share aggregating upto ₹34.03 Crores.

The Letter of Offer for GACM Technologies Rights Issue 2024 can be download here.

You can apply for GACM Technologies Rights Issue 2024 in two ways:

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

Steps to apply for GACM Technologies 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 GACM Technologies Rights Issue 2024 available on the list.
  4. Click the Apply button next to the GACM Technologies 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 GACM Technologies Rights Issue 2024 using Registrar's website (R-WAP)

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

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