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Megasoft Limited Rights Issue (Megasoft Rights Issue) Detail

July 22, 2021 - August 5, 2021
Megasoft Limited Logo

Megasoft Limited provides innovative solutions in the cloud, cybersecurity, mobile enablement & IoT (Internet of Things), and mobile network services. The company products include analytics, cloud deployment, digital mobile payment platform, mobile service platform, and mobile networks.

With over two decades of experience and expertise in technology leadership, Megasoft provides niche services to its clients locally and globally and serves several Fortune 500 companies. The company has its offices/subsidiaries in the USA, India, Mexico, and Malaysia.

Megasoft Rights Issue Detail

Issue Open July 22, 2021 - August 5, 2021
Security Name Megasoft Limited
Issue Size (Shares) 29,502,748
Issue Size (Amount) ₹29.50 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs.10 per Rights Equity Share is payable on Application.
Entitlement 2 Rights Equity Share for every 3 Fully Paid-up equity shares held on the Record Date

Megasoft Rights Issue Issue Timetable

Record Date July 13, 2021
Credit of Rights Entitlements July 21, 2021
Bid/Offer Opens On July 22, 2021
Renunciation of Rights Entitlements July 30, 2021
Bid/Offer Closes On August 5, 2021
Deemed Date of Allotment August 13, 2021
Credit Date August 17, 2021
Listing Date August 20, 2021

Company Financials

Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,173.28 3,312.62 3,217.45
Total Revenue 662.66 632.35 705.13
Profit After Tax 18.48 7.07 3.34

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the below objects: 1. Reduce the overall outstanding borrowings of the Company. 2. General Corporate Purposes.

Megasoft Rights Issue Documents

Megasoft Rights Issue Rating

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3.9
Rating:Rated 3.9 stars
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Megasoft Rights Issue Reviews

Company Contact Information

Megasoft Limited
No.85, Kutchery Road,
Mylapore, Chennai – 600004,
Tamil Nadu, India

Phone: +91 44 24616768
Email: investors@megasoft.com
Website: http://www.megasoft.com/index.asp

Megasoft Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

Megasoft Rights Issue Lead Manager(s)

Megasoft Rights Issue FAQs

The Megasoft Rights Issue opens on July 22, 2021, and closes on August 5, 2021.

Megasoft Rights Issue Schedule

Last Date for credit of Rights EntitlementsJuly 21, 2021
Last Date for renunciation of Rights EntitlementsJuly 30, 2021
Issue Opening DateJuly 22, 2021
Issue Closing DateAugust 5, 2021
Date of Allotment (on or about)August 13, 2021
Date of Credit (on or about)August 17, 2021
Date of Listing (on or about)August 20, 2021

Megasoft Rights Issue price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share for every 3 Fully Paid-up equity shares held on the Record Date (July 13, 2021).

The record date for the Megasoft Rights Issue is July 13, 2021.

The issue size of Megasoft Rights Issue is of 29,502,748 equity shares at ₹10 per share aggregating upto ₹29.50 Crores.

The Letter of Offer for Megasoft Rights Issue can be download here.

You can apply for Megasoft Rights Issue in two ways:

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

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

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

3 Comments

3. Manup     Link|August 18, 2021 12:17:58 PM
When the shares get credited to accounts ?
2. Manup     Link|August 18, 2021 12:17:46 PM
When the shares get credited to accounts ?
1. TradingGuru     Link|August 15, 2021 12:09:29 AM
When will be the allotment out? It was scheduled for 13th Aug.

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