Megasoft Right Issue

Right Issue Status: Open [22nd Jul 2021 to 5th Aug 2021]

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About Megasoft Right Issue

Megasoft Ltd Right issue of Rs. 29.50 Cr, 2,95,02,748 shares at Rs. 10 each opens for subscription on June 22 and closes on 5 August. The face value of each share is Rs. 10 and the company is issuing the right issue at par, Rs. 10/share. The company issues 2 right equity shares for every 3 fully paid-up equity shares held by the eligible shareholders on the record date of 13 July 2021. Check out more about Megasoft's right issue including important dates, issue size, business overview, financials, strengths, risks, and more.

About the Business - Megasoft Limited

Megasoft Limited offers cloud services, cybersecurity, IoT solutions, mobile enablement, IoT (Internet of Things), and mobile network services. Its product portfolio includes Analytics (machine data analytics, telecom data analytics, enterprise data analytics, etc.), cloud services, M-enable & IoT, mobile networking, mobile service platform, and mobile payment manager.

The company has offices across the world such as the USA, Malaysia, India, Mexico, and completed projects in the USA, Latin America, Africa, Middle East, Asia Pacific, and many other countries.

Megasoft Right Issue Objective

The net proceed from the right issue will be utilized towards the following objectives;

  • To make payment of the borrowings availed by the company.
  • To meet general corporate purposes.

Megasoft Right Issue Details

Megasoft Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Megasoft Right Issue Details
Megasoft Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 2.95 Cr Eq Shares
Right Issue Issue Size(Amount) ₹29.50 Cr
Face Value ₹10 Per Equity Share
Right Issue Issue Price ₹10
Right Issue Record Date 13th Jul 2021
Right Issue Entitlement 2 Rights Equity Share for every 3 Fully Paid-up equity shares held on the Record Date
Right Issue Terms of payment The full amount of Rs.10 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 532408
NSE Code MEGASOFT

Megasoft Financials

Past performance and financial results of Megasoft.

Megasoft financial
Megasoft Ltd Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹317.33 Cr ₹331.26 Cr ₹321.75 Cr
Total Income ₹66.27 Cr ₹63.24 Cr ₹70.51 Cr
Net Profit/Loss ₹1.85 Cr ₹0.71 Cr ₹0.33 Cr

Megasoft Right Issue Strengths

  • Diversified range of products & services.
  • Worldwide presence with subsidiaries or offices in the USA, India, Mexico, and Malaysia.
  • Continued innovation and R&D investment.
  • High revenue is being generated from export activities, in fiscal 2020, export contributed to 93% of total revenue.

Megasoft Right Issue Threats/Weaknesses

  • Significant revenue is being generated as a technology supplier to the global telecom industry, particularly, mobile carriers.
  • Uncertainty around the global outbreak of COVID-19 on business activities, revenues, and cash flow.
  • Technology infrastructure failure can severely damage the firm's performance.
  • A highly competitive and evolving industry, thus, failure to cope up with changing conditions can adversely affect business operations.

Megasoft Right Issue Important Dates

In this section we have covered all important dates related to Megasoft 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.

Megasoft Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 22nd Jul 2021
Right Issue Issue Close Date 5th Aug 2021
Basis of Allotment Finalisation Date* 13th Aug 2021
Refunds Initiation* 13th Aug 2021
Credit of Shares to Demat Account* 17th Aug 2021
Right Issue Listing Date* 20th Aug 2021

* - Tentative Dates

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@
  NRI Form ⇒

Megasoft Right Issue Offer Document (Letter of Offer) >>Document

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

Company Address

Megasoft Limited
No.85, Kutchery Road, Mylapore,
Chennai - 600004, India
Website: http://www.megasoft.com/
Email: [email protected]
Phone: +91 44 24616768

Registrar

Cameo Corporate Services Ltd
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: http://www.megasoft.com/index.asp
Tel: +91 44 24616768
Email: [email protected]

Lead Manager

  1. Fedex Securities Private Limited
Megasoft 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 Megasoft? Should I apply in Megasoft Right Issue?

Last Updated on 2021-07-20T14:17:44+00:00

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User Comments

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5. Ajit Kumar behera  7/20/2021 1:51:22 AM Reply
Megasoft RightIssue expected listing gain.
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4. Neeraj garg  7/20/2021 1:51:22 AM Reply
Please confirm Megasoft RightIssue GMP (grey market premium) and kostak.
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3. ashokbhai  7/20/2021 1:51:22 AM Reply
Megasoft RightIssue good or bad.
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2. Debadyuti Karan  7/20/2021 1:51:22 AM Reply
Megasoft RightIssue whether to invest or not.
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1. Nizamuddin Md  7/20/2021 1:51:22 AM Reply
Megasoft RightIssue - CRISIL Rating, Apply or not?.

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