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Incorporated in 2000, Quest Softech (India) Limited provides home charging solutions, public charging stations and fleet management solutions.
The company also operates its own charging stations and provides various services for the EV charging stations such as installation of charging stations, feasibility check and provision of annual maintenance services (AMC Services) for the installed charging stations.
The company has two business models: the COCO model and the trading model. COCO (company-owned and company-operated) refers to the costs that QSIL incurs for the procurement, installation and maintenance of the charging stations at its own expense.
The company's charging station is operated under the brand name "AMPVOLTS". Under AMPVOLTS, the company offers the testing of charging stations for suitability and cost-effectiveness, the trading of charging stations, the installation and commissioning of charging stations, the servicing and maintenance of charging stations and a network of COCO charging stations (company-owned and company-operated charging stations).
In addition to charging solutions, the company also offers consulting services to help companies and organizations develop and implement their own charging strategies for electric vehicles.
| Issue Open | February 2, 2024 - February 15, 2024 |
| Security Name | Quest Softech (India) Limited |
| Issue Size (Shares) | 16,000,000 |
| Issue Size (Amount) | ₹48.00 Crores |
| Issue Price | ₹30 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | An amount of Rs. 10/- per Rights Equity Share (including a premium of Rs. 6.67 per Rights Equity Share) to be paid on Application and balance to be paid in 2 calls as determined by the Board at its sole discretion from time to time. |
| Entitlement | 8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 5, 2024 |
| Record Date | January 8, 2024 |
| Credit of Rights Entitlements | February 1, 2024 |
| Bid/Offer Opens On | February 2, 2024 |
| Renunciation of Rights Entitlements | February 8, 2024 |
| Bid/Offer Closes On | February 15, 2024 |
| Deemed Date of Allotment | February 24, 2024 |
| Credit Date | February 28, 2024 |
| Listing Date | March 1, 2024 |
Quest Softech (India) Limited's revenue decreased by -28.11% and profit after tax (PAT) rose by 30.09% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9.85 | 7.89 | 4.01 | 4.40 |
| Revenue | 0.03 | 0.06 | 0.09 | 0.08 |
| Profit After Tax | -1.32 | -0.36 | -0.51 | -1.15 |
| Net Worth | 2.01 | 3.33 | 3.69 | 4.20 |
| Reserves and Surplus | -7.99 | -6.67 | -6.31 | -8.92 |
| Total Borrowing | 6.22 | 4.56 | 0.32 | 0.20 |
| Amount in ₹ Crore | ||||
The company intends to utilize the gross proceeds raised through the Issue (Gross Proceeds) after deducting the Issue related expenses (Net Proceeds) for the following objects:
Quest Softech India Rights Issue 2024 got oversubscribed by 1.57 times by the end of the bidding period with total bid quantity received by BSE of 25,144,139 shares.
4 3.8 Rating:  Vote Here ... |
Quest Softech (India) Limited
Cabin No. 11, 7th Floor,
Times Square, Andheri Workflo, next to Sai Service
Andheri East, Mumbai - 400069
Phone: +91 22 414 95895
Email: compliance@ampvolts.com
Website: https://ampvolts.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Quest Softech India Rights Issue 2024 opens on February 2, 2024, and closes on February 15, 2024.
Quest Softech India Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | February 1, 2024 |
| Last Date for renunciation of Rights Entitlements | February 8, 2024 |
| Issue Opening Date | February 2, 2024 |
| Issue Closing Date | February 15, 2024 |
| Date of Allotment (on or about) | February 24, 2024 |
| Date of Credit (on or about) | February 28, 2024 |
| Date of Listing (on or about) | March 1, 2024 |
Quest Softech India Rights Issue 2024 price is set at ₹30 per share per equity share.
The eligible shareholders are being offered 8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (January 8, 2024).
The record date for the Quest Softech India Rights Issue 2024 is January 8, 2024.
The issue size of Quest Softech India Rights Issue 2024 is of 16,000,000 equity shares at ₹30 per share aggregating upto ₹48.00 Crores.
The Letter of Offer for Quest Softech India Rights Issue 2024 can be download here.
You can apply for Quest Softech India Rights Issue 2024 in two ways:
Steps to apply for Quest Softech India 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 Quest Softech India Rights Issue 2024 using Registrar's website (R-WAP)
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