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Right Issue Status: Closed [15th Nov 2021 to 29th Nov 2021]

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NXTDIGITAL Right Issue Detail

NXTDIGITAL Ltd right issue of 0.96 Cr shares worth issue size of Rs. 288.61 Cr opens for subscription from 15 Nov to 29 Nov 2021. The company issues 2 right equity shares for every 5 fully paid-up equity shares held as on the record date, 25 Oct 2021. The right issue share price is fixed at Rs. 300 per share. Check out more about the NXTDIGITAL Right Issue including business overview, financial performance, issue timeline, issue entitlement, objectives, and more.

NXTDIGITAL Right Issue Objective

The right issue aims to raise funds for the following purposes;

  1. To make repayment and/or prepayment of all or a portion of company's borrowings including interest.
  2. Meet general corporate purposes.

NXTDIGITAL Right Issue Details

NXTDIGITAL Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 0.96 Cr Eq Shares
Right Issue Issue Size (Amount) ₹288.61 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹300 per share
Right Issue Record Date 25th Oct 2021
Right Issue Entitlement 2 rights equity shares for every 5 equity shares held on the record date
Right Issue Terms of payment The full amount of ₹300 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 500189

NXTDIGITAL Right Issue Dates

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

NXTDIGITAL Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 15th Nov 2021
Right Issue Issue Close Date 29th Nov 2021
Basis of Allotment Finalisation Date* 3rd Dec 2021
Refunds Initiation* 4th Dec 2021
Credit of Shares to Demat Account* 6th Dec 2021
Right Issue Listing Date* 8th Dec 2021

* - Tentative Dates

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About Company - NXTDIGITAL

NXTDIGITAL Ltd is an established digital content distribution company in India that is engaged in delivering digital content via cable networks and the Headend In The Sky (HITS) platform.

The business follows a B2B2C business model wherein it primarily structure relationship with Local Cable Operators (LCOs) that will contact subscribers in the relevant local area. Its primary source of income is Subscription income, placement income, and incentives received from broadcasters. As of Sept 30, 2021, the business is having a PAN-India network of more than 10,000 LCOs across India and is connected to over 56 Lakh subscribers to whom the company offers 600 channels on the cable platform and 700 channels on the HITS platform.

It further offers broadband internet services through a subsidiary, ONEOTT Intertainment Ltd (OIL), and as of Sep 30, 2021, it has over 7 lakh broadband subscribers.

NXTDIGITAL Right Issue Strengths

  • Well-established digital content provider in India.
  • Long-term standing relationship with local cable operators.
  • Prepaid subscription collection mechanism to collect payment in advance.
  • Established infrastructure in both fibre and satellite helps to lower customer acquisition costs.
  • Highly experienced management team.


Past performance and financial results of NXTDIGITAL.

NXTDIGITAL Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
Total Assets ₹1,878.07 ₹1,964.02
Total Income ₹1,008.45 ₹1,162.10
Net Profit/Loss ₹(16.36) ₹(109.68)

Company Address

In Centre, 49/50 MIDC, 12th Road, Andheri (East)
Mumbai,Maharashtra-400 093
Phone: +91 22 2820 8585
Email: [email protected]


KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]

Lead Manager

  1. Vivro Financial Services Private Limited

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

NXTDIGITAL Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

NXTDIGITAL 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 NXTDIGITAL? Should I apply in NXTDIGITAL Right Issue?

Last Updated on 2022-04-06T10:34:20+00:00

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