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Adroit Infotech Right Issue Details 2024

Right Issue Status: Closed [7th Feb 2024 to 16th Feb 2024]

Rated 3/5 by Team InvestorGain

Adroit Infotech  Right Issue Detail

Adroit Infotech Limited offers Right Issue size of Rs 48.75 Cr. The subscription for this Rights Issue is opening from 7 Feb to 16 Feb 2024. The company issues entitlement of 3 Rights equity shares for every fully paid-up 2 equity shares held on the record date of 19 Jan 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 15 per share.

Stay connected with us to more about Adroit Infotech Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.

Adroit Infotech Right Issue Objective

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

  1. Towards Expansion of Business;
  2. To pay off other non-current liabilities;
  3. To part finance the requirement of Working Capital;
  4. Acquisitions of Businesses in similar or complementary space;
  5. To meet General corporate purposes; and
  6. To meet the expenses of the Issue.

Adroit Infotech Right Issue Details

Adroit Infotech Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 3.25 Cr Shares
Right Issue Issue Size (Amount) ₹48.75 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹15 per share
Right Issue Record Date 19th Jan 2024
Right Issue Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date
Right Issue Terms of payment

Issue Price of Rs.15/- to be paid as Rs.3.75/- per share on Application and Rs.11.75/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time.

Listing At BSE, NSE
BSE Code 532172
NSE Code ADROITINFO

Adroit Infotech Right Issue Dates

In this section we have covered all important dates related to Adroit Infotech Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Adroit Infotech Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 7th Feb 2024
Right Issue Issue Close Date 16th Feb 2024
Basis of Allotment Finalisation Date* 23rd Feb 2024
Refunds Initiation* 12th Feb 2024
Credit of Shares to Demat Account* 28th Feb 2024
Right Issue Listing Date* 4th Mar 2024

* - Tentative Dates

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About Company - Adroit Infotech

Established in 1990, Adroit Infotech Limited is a specialized SAP consulting company with nearly two decades of experience in helping organizations reduce costs and improve effectiveness and efficiency through internal process improvements using SAP products and solutions.

The company has deliberately focused on the large enterprise and mid-market sectors. This enables it to accompany its customers from the initial consultation, process analysis and implementation through to rollouts, ongoing support, maintenance and upgrades. The consultants have experience with national and international projects.

To secure the value of your SAP investment, you need more than just software. You need Adroit Consulting and the expertise and skills we have acquired over the years. Adroit Infotech has an outstanding team, deep expertise and innovative engagement models to provide the depth and breadth of coverage your organization needs. This is why Adroit is a valued member of the SAP ecosystem.

Every industry has its unique requirements and challenges. Adroit's solutions are based on a deep understanding of the processes that drive your business, whether it's a small business, a mid-sized company or a large enterprise.

Adroit has teams of industry experts who are 100% dedicated to solving problems and advancing their respective industries. We have developed tools, methodologies and best practices based on years of experience with leading companies in the following key industries:

  • Chemicals
  • Life Sciences
  • Engineering, Construction, and Operation
  • Health Care
  • Automotive
  • Industrial Machinery and Components
  • Retail
  • Food Processing
  • Agribusiness
  • Insurance
  • Textiles
  • Mill Products

Adroit Infotech Financials for past 3 Years

Past performance and financial results of Adroit Infotech .

Adroit Infotech Limited Financial Information (Restated Consolidated)

Adroit Infotech Limited's revenue increased by 250.28% and profit after tax (PAT) rose by 511.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets34.2117.5114.46
Revenue22.726.497.07
Profit After Tax3.780.62-0.00
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Adroit Infotech Right Issue Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

    Adroit Infotech Limited
    Plot No. 7A, MLA Colony, Road No. 12,
    Banjara Hills
    Hyderabad,Telangana-500 034
    India
    Website: https://www.adroitinfotech.com/
    Phone: +91-40-23552284
    Email: [email protected]

    Registrar

    Venture Capital And Corporate Investments Pvt Ltd
    12-10-167,
    Bharat Nagar,
    Hyderabad, 500018
    Website: https://www.vccipl.com
    Phone: 040-23818475, 23818476, 23868023
    Email: [email protected]

    Lead Manager

    Adroit Infotech Right Issue Offer Document (Letter of Offer) >>Document

    Adroit Infotech Right Issue Offer Document (Letter of Offer) >>Adroit Infotech Right Issue Red Herring Prospectus is not yet available.

    Adroit Infotech Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Adroit Infotech Right Issue Online Application (Registrar & Transfer Agent) >>Adroit Infotech Right Issue RTA information is not yet available.

    Adroit Infotech Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Adroit Infotech ? Should I apply in Adroit Infotech Right Issue?

    Last Updated on 2024-02-19T04:33:04+00:00


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