The Adroit Infotech date has been confirmed from February 7, 2024 – February 16, 2024. Read the post to learn about Adroit Infotech IPO GMP.
Adroit Infotech Developers IPO is a fixed price issue of ₹48.75 Crores. Organizing commercial and industrial business is the Adroit Infotech Limited consulting expertise for both large and small companies. The company’s product selection embraces ARIBA, CRM, C4C – Cloud for Customers, On-Premise, and Success Factors, as well as the SAP Cloud Platform.
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Key Details Of Adroit Infotech IPO:
Bidding Dates
Feb 7-16
Issue Size
₹48.75 Crores
Face Value
₹10 per share
Record Date
January 19, 2024
Adroit Infotech IPO GMP
The Adroit Infotech Record Date is January 19, 2024.
IPO Overview
Adroit Infotech Limited’s consulting services include SAP implementation for large and mid-sized businesses. The provider of these demands includes transmigrations to SAP HANA, SAP Suite on HANA, and S/4 HANA. Services involving SAP ECC include implementation, re-implementation, rollout, addition or modification of modules, support, maintenance, upgrades, and migration. It is now a Specialist SAP Consulting Company with almost two decades of expertise assisting businesses in dramatically reducing costs while increasing effectiveness and efficiency via internal process improvements utilizing SAP products and solutions.
The company’s product offerings include ARIBA, CRM, SRM, SAP C4C – Cloud for Customers, Success Factors, and SAP Cloud Platform.
Adroit Infotech Rights Issue Detail
| Issue Open | February 7, 2024 – February 16, 2024 |
| Security Name | Adroit Infotech Limited |
| Issue Size (Shares) | 32,501,058 |
| Issue Size (Amount) | ₹48.75 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| 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. |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Adroit Infotech Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 34.21 | 17.51 | 14.46 |
| Revenue | 22.72 | 6.49 | 7.07 |
| Profit After Tax | 3.78 | 0.62 | -0.00 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Adroit Infotech IPO Timeline
| Last Date to buy shares | January 18, 2024 |
| Record Date | January 19, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 7, 2024 |
| Renunciation of Rights Entitlements | February 12, 2024 |
| Bid/Offer Closes On | February 16, 2024 |
| Deemed Date of Allotment | February 23, 2024 |
| Credit Date | February 28, 2024 |
| Listing Date | March 4, 2024 |
Company Profile
Objects of the Issue:
Adroit Infotech Ltd. (AIL) was originally formed as Rusoday Mutual Funds Ltd. in March 1990, and changed its name to Rusoday Finance Ltd., and again to Global Fiscals Ltd. in June 1996. The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
- Towards Expansion of Business;
- To pay off other non-current liabilities;
- To part finance the requirement of Working Capital;
- Acquisitions of Businesses in similar or complementary space;
- To meet General corporate purposes; and
- To meet the expenses of the Issue.
Registrar Info
| Name | Venture Capital And Corporate Investments Pvt Ltd |
| Phone number | 040-23818475, 23818476, 23868023 |
| Email ID | [email protected] |
| Website | vccipl.com |
Contact Details
| Name | Adroit Infotech Limited |
| Phone number | +91-40-23552284 |
| Email ID | [email protected] |
| Website | adroitinfotech.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Adroit Infotech IPO FAQs
What is the issue price for Adroit Infotech Rights Issue 2024?
Adroit Infotech Rights Issue 2024 price is set at ₹15 per share per equity share.
In what ratio is the Adroit Infotech Rights Issue 2024 offered?
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (January 19, 2024).
What is the record date for Adroit Infotech Rights Issue 2024?
The record date for the Adroit Infotech Rights Issue 2024 is January 19, 2024.
What is the issue size of Adroit Infotech Rights Issue 2024?
The issue size of Adroit Infotech Rights Issue 2024 is of 32,501,058 equity shares at ₹15 per share aggregating upto ₹48.75 Crores.
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