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NXTDIGITAL Limited is engaged in delivering digital content via cable networks as well as through Headend In the Sky (HITS). The company distributes its services through a network of Local Cable Operators (LCOs). The company provides digital content to subscribers either directly or through its affiliated LCOs. The company fundamentally follows a B2B2C business model. In this, the company structures its relationships with LCOs in such a way that this LCOs continue to be the principal contact with subscribers in the relevant local area.
The company's primary source of revenue for digital content services is subscription income from subscribers either directly or through LCOs, placement income received from broadcasters for placing their channels in preferred logical channel number line up on its platforms, incentives received from broadcasters for deeper penetration of their channels in company's customer base, and carriage income from carriage fees payable by broadcasters for carrying their channels.
As of September 30, 2021, the company operates its business across India through more than 10,000 LCOs. The company has connected Set-Top Boxes (STBs) to over 56 lakh subscribers to whom they offer over 600 channels on their cable platform. The company also offers 700 standard and high-definition channels on its HITS platform in India.
Issue Open | November 15, 2021 - November 29, 2021 |
Security Name | NXTDIGITAL Limited |
Issue Size (Shares) | 9,620,463 |
Issue Size (Amount) | ₹288.61 Crores |
Issue Price | ₹300 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Terms of Payment | The full amount of the Issue Price being ₹ 300 will be payable on application. |
Entitlement | 2 rights equity shares for every 5 equity shares held on the record date |
Record Date | October 25, 2021 |
Credit of Rights Entitlements | November 12, 2021 |
Bid/Offer Opens On | November 15, 2021 |
Renunciation of Rights Entitlements | November 24, 2021 |
Bid/Offer Closes On | November 29, 2021 |
Deemed Date of Allotment | December 4, 2021 |
Credit Date | December 6, 2021 |
Listing Date | December 8, 2021 |
Particulars | For the year/period ended (Rs.in Millions) | ||
---|---|---|---|
31-Mar-21 | 31-Mar-20 | ||
Total Assets | 18,780.67 | 19,640.25 | |
Total Income | 10,084.50 | 11,620.99 | |
Profit After Tax | (163.60) | 1,096.77 |
The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Repayment and /or prepayment, of all or a portion of certain outstanding borrowings including interest availed by the company; and
2. General corporate purposes
NXTDIGITAL Limited
IN CENTRE, 49/50 MIDC,
12th Road, Andheri (East),
Mumbai – 400 093, Maharashtra,
Phone: +91 22 2820 8585
Email: investorgrievances@nxtdigital.in
Website: http://www.nxtdigital.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nxtdigital.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The NXTDIGITAL Rights Issue opens on November 15, 2021, and closes on November 29, 2021.
NXTDIGITAL Rights Issue Schedule
Last Date for credit of Rights Entitlements | November 12, 2021 |
Last Date for renunciation of Rights Entitlements | November 24, 2021 |
Issue Opening Date | November 15, 2021 |
Issue Closing Date | November 29, 2021 |
Date of Allotment (on or about) | December 4, 2021 |
Date of Credit (on or about) | December 6, 2021 |
Date of Listing (on or about) | December 8, 2021 |
NXTDIGITAL Rights Issue price is set at ₹300 per share per equity share.
The eligible shareholders are being offered 2 rights equity shares for every 5 equity shares held on the record date (October 25, 2021).
The record date for the NXTDIGITAL Rights Issue is October 25, 2021.
The issue size of NXTDIGITAL Rights Issue is of 9,620,463 equity shares at ₹300 per share aggregating upto ₹288.61 Crores.
The Letter of Offer for NXTDIGITAL Rights Issue can be download here.
You can apply for NXTDIGITAL Rights Issue in two ways:
Steps to apply for NXTDIGITAL Rights Issue 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 NXTDIGITAL Rights Issue using Registrar's website (R-WAP)
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