The Adroit Infotech date has been confirmed from February 7, 2024 – February 16, 2024.
Adroit Infotech Developers IPO is a fixed price issue of ₹48.75 Crores. Adroit Infotech Limited offers SAP consulting services to large and medium-sized companies. The company’s product offerings include ARIBA, CRM, SRM, SAP C4C – Cloud for Customers, Success Factors, and SAP Cloud Platform.
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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 offers SAP consulting services to large and medium-sized companies. The company offers migrations to SAP HANA, SAP Suite on HANA, and S/4 HANA. Conventional SAP ECC services include implementation, re-implementation, rollouts, module enhancements, support and maintenance, upgrades, and migrations.
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:
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 | rights@vccipl.com |
Website | vccipl.com |
Contact Details
Name | Adroit Infotech Limited |
Phone number | +91-40-23552284 |
Email ID | info@adroitinfotech.com |
Website | adroitinfotech.com |
IPO Strenghts
- 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.