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Right Issue Status: Closed [2nd Feb 2024 to 15th Feb 2024]
Quest Softech India Limited is offering a rights issue worth Rs 48.00 Cr. for subscription shortly. The company is issuing 8 rights shares for every 5 shares held on the record date of Jan 8, 2024. The face value of a share is Rs.10 per share and the issue price is fixed at Rs 30 per share.
Stay updated with us to know more about the Quest Softech India Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
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 Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.60 Cr Shares |
| Right Issue Issue Size (Amount) | ₹48.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹30 per share |
| Right Issue Record Date | 8th Jan 2024 |
| Right Issue Entitlement | 8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Right Issue 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 |
| Listing At | BSE |
| BSE Code | 535719 |
| NSE Code |
In this section we have covered all important dates related to Quest Softech India 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 | 2nd Feb 2024 |
| Right Issue Issue Close Date | 15th Feb 2024 |
| Basis of Allotment Finalisation Date* | 24th Feb 2024 |
| Refunds Initiation* | 8th Feb 2024 |
| Credit of Shares to Demat Account* | 28th Feb 2024 |
| Right Issue Listing Date* | 1st Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Quest Softech India Limited was founded in March 2000. The company endeavors to transform its clients’ finance and accounting functions from transactional requirements to tools that can be used to effectively manage the business. Its unique methodology and approach to business process outsourcing optimizes operations across the full range of finance and accounting functions. The company offers a single outsourcing solution for all finance, accounting and tax services.
From individual tax planning services to complex business consulting engagements, the company operates as a full-service accounting firm. The qualified professionals have both knowledge of financial topics and experience in process workflows. As a result, their capabilities go beyond typical business process outsourcing and enable the outsourcing of complex, sophisticated finance and accounting processes.
Their services and commitment to client satisfaction are competitively priced and help clients control their costs while getting the services they need.
Past performance and financial results of Quest Softech India .
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 table below is live update of Right Issue bidding details from NSE and BSE.
Quest Softech India Right Issue Offer Document (Letter of Offer) >>Document
Quest Softech India Right Issue Offer Document (Letter of Offer) >>Quest Softech India Right Issue Red Herring Prospectus is not yet available.
Quest Softech India Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Quest Softech India Right Issue Online Application (Registrar & Transfer Agent) >>Quest Softech India Right Issue RTA information is not yet available.
Last Updated on 2024-02-18T04:33:03+00:00
