Let’s have a detailed review of the company and analytics of the Megasoft Rights Issue offer open date, Term of payment, Megasoft Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 10
Listing AtBSE NSE
Min. Lot Size[●] Eq Shares
Record DateJuly 13, 2021
Issue Size (Rs.)Rs 2,950.27 Lakhs
Shares for Issue2,95,02,748 Eq Shares
Rights entitlement2 Rights Equity Share for every 3 fully paid-up Equity
Shares

Megasoft Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Megasoft Rights Issue – Summary

Megasoft Rights IssueTheir Company was originally incorporated as “Megasoft Limited” at Chennai, Tamil Nadu as a Public Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated June 29, 1999, bearing number 18-42730 of 1999 issued by the Registrar of Chennai, Tamil Nadu.

Subsequently, their Company pursuant to a special resolution passed by the members through Postal Ballot on December 26, 2014, changed the objects of their Company vide a Certificate of Registration of the Special Resolution Confirming Alteration of Object Clause dated January 13, 2015, issued by the Registrar of Companies Chennai.

The Promoter of this company is PROFESSIONALLY MANAGED. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LTD.


Megasoft Rights Issue Date

The opening and the closing date of the IPO of Megasoft Limited are July 22, 2021, and August 05, 2021, Respectively.


Megasoft Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Megasoft Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
July 22, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsJuly 30, 2021
Issue Closing DateAugust 05, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeAugust 13, 2021
Record dateJuly 13, 2021
Date of AllotmentAugust 13, 2021
Credit of Shares to Demat AccountAugust 17, 2021
Share Listing DateAugust 20, 2021

Megasoft Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.10 per Eq share. 


Megasoft Rights Issue Equity Size

This Initial Public Issue of 2,95,02,748 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs 2,950.27 Lakhs.


Megasoft Rights Issue – Live Performance

The listing date of this IPO is August 20, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Megasoft Share Price

Megasoft Rights Issue – Company Overview

Their Company has offices in the USA, India, Malaysia, and Mexico (through their subsidiaries). Having carried out several projects in the USA, Latin America, Middle East, Africa, Asia Pacific, and many other countries globally, they have the resources to manage projects and programs.

Their customer-specific Offshore Development Centers (ODCs) work on several software engineering projects simultaneously for both startups and existing businesses

solutions and mobile network services provides them the maturity to lead the next wave of services globalization. Their Company derives most of its revenues as a technology supplier to the global telecoms industry, especially mobile carriers. Mobile service is a dynamic industry that is constantly undergoing market changes, regulatory changes, technology changes, and changes in customer preferences


Megasoft Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-2131-Mar-20
Total Assets31,732.8033,126.29
*Total Revenue6,626.626,323.54
Total Expense6,442.076,256.61
Profit After Tax184.8170.71

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic0.420.16
Diluted0.420.16

 

Financial Performance:

In their opinion and to the best of their information and according to the explanations given to them, aforesaid Consolidated Ind AS Financial Statements.

It gives the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as of March 31, 2021, and profit, (changes in equity) and its cash flows for the year ended on that date.


Megasoft Rights Issue – Promoters

The Promoters of this company are:

  1. PROFESSIONALLY MANAGED

List of Related Parties (Key Managerial Personnel)

  • KUMAR VENKATARAMAN GANDARVAKOTTAI, CEO and Managing Director
  • ANIL KUMAR SOOD, Independent Director
  • ANISH MATHEW, Independent Director
  • LEONA AMBUJA, Independent Director
  • SIVALENKA KALYAN VIJAY, Independent Director
  • UPENDAR MEKALA REDDY, Independent Director

Megasoft Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 2,95,02,748 Rights Equity Shares
Rights Entitlement2 Rights Equity Share for every 3 fully paid-up Equity
Share(s) held on the Record Date
Record DateJuly 13, 2021
Issue Price per Rights Equity SharesRs 10 per Equity Share (at par )
Issue SizeUp to Rs 2,950.27 lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue4,42,67,293 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 7,37,70,041 Equity Shares

Megasoft Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Reduction of the aggregate outstanding borrowings of their Company on a consolidated basis; and
2. General corporate purposes

Megasoft Rights Issue – Business Strategy

  • Mobile Services Platform (MSP) for MVNOs in Americas and (AMEA)
  • Mobile Based Digital Payments, Mobile Wallet and Digital financial services
  • Focus on Internet of Things (IoT ) Market
  • Continued Innovation and R&D Efforts

Megasoft Rights Issue Lead Managers

Lead Managers
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers,
Dayaldas Road, Vile Parle (East),
Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
Fax No.: 022 2618 6966
E-mail ID: mb@fedsec.in
Website: www.fedsec.in
Investor Grievance E-Mail ID: mb@fedsec.in
Contact Person: Rinkesh Saraiya
SEBI Registration Number: INM000010163

Megasoft Issue Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LTD
Subramanian Building No. 1,
Club House Road,
Chennai -600002, Tamil Nadu, India
Tel. No: 044 – 28460390 / 044 – 40020710
Fax No: 044-28460129
E-mail ID: priya@cameoindia.com
Website: www.cameoindia.com
Investor Grievance ID: investor@cameoindia.com
Contact Person: K. Sreepriya
SEBI Registration No: INR000003753

Megasoft Issue – Other Details

  • Statutory Auditor – M/s. N. C. Rajagopal & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Megasoft Limited Rights Issue News

    News 1 – Megasoft Rights Issue Draft Download

    News 2 –  Megasoft Issue Letter of Offer


    Megasoft Rights Issue Review FAQs

    Where to download the Megasoft Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Megasoft Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Megasoft Rights Issue?

    Application forms of Megasoft Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check the Megasoft Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Megasoft Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Megasoft Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.10 per Equity Share through Megasoft Rights Issue.

    Who is the registrar to Megasoft Rights Issue?

    Registrar, as chosen by Megasoft is CAMEO CORPORATE SERVICES LTD. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Megasoft Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Megasoft Rights Issue is all set to open on July 22, 2021.

    When the Megasoft Issue is closing?

    While, the offer would open on July 22, 2021, it is most likely scheduled to close on August 05, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on Megasoft Rights Issue.

    What is the Megasoft Issue size?

    Megasoft Rights Issue is a proposal to raise 2,95,02,748 Equity shares, aggregating to Rs 2,950.27 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Megasoft Issue Lead manager?

    A designated underwriter or lead manager of Megasoft Rights Issue is FEDEX SECURITIES PRIVATE LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Megasoft Rights Issue?

    There are a bunch of important dates regarding the Megasoft Rights Issue, which you need to know about. The priority should be the Record Date of JULY 13, 2021 ., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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