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Right Issue Status: Closed [6th Feb 2024 to 13th Feb 2024]
Indian Infotech and Software Limited offers Right Issue. The subscription for this Rights Issue is opening from 6 Feb 2024 to 13 Feb 2024. The company issues entitlement of 13 Rights equity shares for every fully paid-up 50 equity shares held on the record date of 29 Jan 2024. The face value of a share is Rs.1 per share and the right issue price is fixed at Rs. 1.6 per share.
Stay connected with us to more about Indian Infotech and Software Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects ("Objects of the Issue"):
a. To meet the Working Capital Requirements of the company.
b. General Corporate Purposes
| Indian Infotech And Software Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 26.15 Cr Shares |
| Right Issue Issue Size (Amount) | ₹41.83 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹1.6 per share |
| Right Issue Record Date | 29th Jan 2024 |
| Right Issue Entitlement | 13 Rights Equity Share(s) for every 50 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Full amount of Re. 1.60/- per share payable on application |
| Listing At | BSE |
| BSE Code | 509051 |
| NSE Code |
In this section we have covered all important dates related to Indian Infotech And Software 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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 6th Feb 2024 |
| Right Issue Issue Close Date | 13th Feb 2024 |
| Basis of Allotment Finalisation Date* | 15th Feb 2024 |
| Refunds Initiation* | 8th Feb 2024 |
| Credit of Shares to Demat Account* | 19th Feb 2024 |
| Right Issue Listing Date* | 26th Feb 2024 |
* - Tentative Dates
Zerodha Trade@20
Indian Infotech and Software Limited (IISL) is a reputable non-banking financial company that has been providing financial services since 1982. IISL is committed to supporting the growth of businesses in India by providing favourable interest rates on business loans to both individuals and corporations.
Apart from offering business loans, IISL also invests in shares of companies with high growth potential. This investment strategy has enabled IISL to identify promising companies with innovative ideas and support their growth by investing in their shares.
IISL is also dedicated to promoting the 'Make in India' movement by supporting startups and companies committed to this cause. By investing in these companies, IISL plays a crucial role in fostering innovation and promoting entrepreneurship in India.
Past performance and financial results of Indian Infotech And Software .
Indian Infotech And Software Limited's revenue decreased by -15.04% and profit after tax (PAT) rose by 90.95% 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 | 230.95 | 230.24 | 229.83 | |
| Revenue | 10.95 | 47.06 | 55.39 | 41.18 |
| Profit After Tax | 7.21 | 0.61 | 0.32 | -11.36 |
| Net Worth | 237.03 | 229.81 | 229.24 | |
| Reserves and Surplus | 129.25 | 128.68 | 128.36 | |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Indian Infotech And Software Right Issue Offer Document (Letter of Offer) >>Document
Indian Infotech And Software Right Issue Offer Document (Letter of Offer) >>Indian Infotech And Software Right Issue Red Herring Prospectus is not yet available.
Indian Infotech And Software Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Indian Infotech And Software Right Issue Online Application (Registrar & Transfer Agent) >>Indian Infotech And Software Right Issue RTA information is not yet available.
Last Updated on 2024-02-16T04:33:01+00:00
