Scanpoint Geomatics Rights Issue Details, Dates, Size, Allotment and moreLast Updated Date: Nov 24, 2022
Let’s have a detailed review of the company and analytics of the Scanpoint Geomatics Rights Issue offer open date, Term of payment, Scanpoint Geomatics Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 2|
|Issue Price||Rs 12.50|
|Min. Lot Size||[●] Eq Shares|
|Record Date||August 17, 2021|
|Issue Size (Rs.)||Rs 2,495.94 Lakhs|
|Shares for Issue||1,99,67,482 Eq Shares|
|Rights entitlement||40 Rights Equity Shares for every 99 fully |
paid-up Equity Shares held on the Record Date
Scanpoint Geomatics Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.
Scanpoint Geomatics Rights Issue – Summary
Their Company is a geospatial technology company engaged in the business of developing a technology platform and solution in the field of Geographic Information System (GIS) and remote sensing. Their flagship technology IGiS is an indigenous software platform developed by them under technical know-how from ISRO.
IGiS is a unique technology that brings GIS, Image Processing, Photogrammetry, and CAD together on a single platform. They help solve complex geospatial data management to assist in meaningful, quick, effective, and efficient decision-making.
The Promoter of this company is MR. RAMESHCHANDRA K. SOJITRA. The lead manager to the issue is Vivro Financial Services Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
Scanpoint Geomatics Rights Issue Date
The opening and the closing date of the Rights Issue of Scanpoint Geomatics Limited are August 30, 2021, and September 13, 2021, Respectively.
Scanpoint Geomatics Rights Issue Allotment Status
Here, you can find the Allotment Status of this Rights 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.
Scanpoint Geomatics Rights Issue Dates
Find the dates below on basis of allotment, record, listing, and more:
|Issue Opening Date||August 30, 2021|
|Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements||September 07, 2021|
|Issue Closing Date||September 13, 2021|
|Finalizing the basis of allotment with the Designated Stock Exchange||, September 20, 2021|
|Record date||August 17, 2021|
|Date of Allotment||September 20, 2021|
|Credit of Shares to Demat Account||September 21, 2021|
|Share Listing Date||September 23, 2021|
Scanpoint Geomatics Rights Issue Price
The face value of each share is Rs.2, but the Cash Price is Rs.12.50 per Eq share.
Scanpoint Rights Issue Size
This Initial Public Issue of 1,99,67,482 Equity Shares of Rs.2 each for cash at a price of Rs.12.50 per equity share aggregating to Rs 2,495.94 Lakhs.
Scanpoint Geomatics Rights Issue – Live Performance
The listing date of this Rights Issue is September 23, 2021. You can check the live performance of the Rights Issue here, only after it is listed on exchanges.
|Live Rights Issue Performance – Scanpoint Geomatics Share Price|
Scanpoint Geomatics Rights Issue – Company Overview
Scanpoint Geomatics has an integrated technology platform and solutions that enable them to provide comprehensive geomatics solutions to their clients and customers. Backed on the domain knowledge and know-how provided by ISRO, they continue to innovate and enhance their products and solutions in line with technological trends and market needs.
Their Company has developed verticalized products and solutions based on IGiS for segments that include agriculture, defense, land information, smart cities, urban planning, utilities, retail, and location-based services, and caters to the specific business need of such respective segments using integrated GIS and remote sensing technology.
Their Company also provides end-to-end turn-key solutions in the area of enterprise GIS implementation which includes a GIS platform, customized web GIS application as per customer need, implementation services, base map creation, training, and capacity building, and post-implementation O&M services.
Scanpoint Geomatics is an ISO 9001:2015 certified company for providing geomatics solutions in the area of GIS, IP, CAD, LBS, and surveys, and their information security management system is ISO 27001:2013 certified. Their products and processes are compliant with OGC and CMMi3 quality and capability maturity standards.
Scanpoint 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:
|Amount (in INR)|
|Profit After Tax||2,02,43,890||1,73,66,517|
Earnings per Equity Share (in Lakhs)
|Basic & Diluted||0.41||0.35|
Revenue from operations is due to sales of products and sale of services which are recognized on a transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of products and services to customers. The method for recognizing revenues and costs depends on the nature of the services rendered or the product sold.
Their total expenditure for the FY 2020-21 was `4,104.03 Lakhs as compared to `5,049.75 Lakhs for the FY 2019- 20, representing a decrease of 18.73%.
Scanpoint Geomatics Issue – Promoters
The Promoters of this company are:
- MR. RAMESHCHANDRA K. SOJITRA
List of Related Parties (Key Managerial Personnel)
- Rameshchandra K. Sojitra, Managing Director
- Chirag J. Soni, Whole Time Director
- Kantilal V. Ladani, Executive Director & CFO
- Dinesh J. Shah, Independent Director
- Mitesh K. Sanghvi, Non-Executive Director
- Pooja S. Shah, Independent Director
Scanpoint Geomatics Rights Issue Details
|Particulars||Details of Equity Shares|
|Equity Shares proposed to be issued||Up to 1,99,67,482 Equity Shares|
|Rights Entitlement||40 (Forty) Rights Equity Shares for every 99 (Ninety Nine) fully|
paid-up Equity Shares held on the Record Date
|Record Date||August 17, 2021|
|Issue Price per Rights Equity Shares||Rs.12.50/-|
|Issue Size||Up to Rs 2,495.94 Lakhs|
|Equity Shares issued, subscribed, and paid up prior to the Issue||4,94,19,518 Equity Shares|
|Equity Shares subscribed and paid up after the Issue||Up to 6,93,87,000 Equity Shares|
Scanpoint Geomatics Rights Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To repay/prepay, in full or in part, identified unsecured loans availed by their Company;
2. To meet long term working capital requirements; and
3. General corporate purposes
Scanpoint Geomatics – Business Strategy
- Domain led approach towards customer acquisition and revenue generation in specific verticals
- Expansion in Product portfolio to address end to end value chain in the Geospatial software technology domain
- Digital marketing & online sales for product license revenue
- Attract young talent for sustained inflow for Product development
Scanpoint Geomatics Issue Lead Managers
|Vivro Financial Services Private Limited|
Vivro House, 11, Shashi Colony, Opposite Suvidha Shopping
Center, Paldi, Ahmedabad – 380 007, Gujarat, India.
Telephone: +91-79-4040 4242;
Investor Grievance Email: firstname.lastname@example.org
Contact Person: Mr. Bhargav Parekh / Mr. Jigar Chandarana
SEBI Registration Number: INM000010122
Scanpoint Geomatics Issue Registrar to offer
|Registrar to the Offer|
|Link Intime India Private Limited|
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083, Maharashtra, India.
Telephone: + 91-22-4918 6200;
Investor Grievance Email: email@example.com
Contact Person: Mr. Sumeet Deshpande
SEBI Registration Number: INR000004058
Scanpoint Geomatics Issue – Other Details
- Statutory Auditor – M/s. Jayamal Thakore & Co., Chartered Accountant
- Legal Counsel to the Company – NA
- Bankers to the Company – Axis Bank Limited
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Scanpoint Geomatics Limited Rights Issue News
News 2 – Scanpoint Geomatics Rights Issue Letter of Offer
Scanpoint Geomatics Rights Issue Review FAQs
Where to download Scanpoint Geomatics Rights Issue letter of offer?
This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Scanpoint Geomatics 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 Scanpoint Rights Issue?
Application forms of Scanpoint Geomatics 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 either online or offline mode to submit it.
How to check Scanpoint Rights Issue allotment date?
They are highly oriented to provide you with end-to-end details of the Scanpoint Geomatics 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 Scanpoint Rights Issue price per share?
The 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.12.50 per Equity Share through Scanpoint Geomatics Rights Issue.
Who is the registrar to Scanpoint Geomatics Rights Issue?
Registrar, as chosen by Scanpoint Geomatics is Link Intime India Private Limited. 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 Scanpoint Geomatics 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 Scanpoint Geomatics Rights Issue is all set to open on August 30, 2021.
When the Scanpoint Geomatics Rights Issue is closing?
While, the offer would open on August 30, 2021, it is most likely scheduled to close on September 13, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on Scanpoint Geomatics Rights Issue.
What is the Scanpoint Geomatics Rights Issue size?
Scanpoint Geomatics Rights Issue is a proposal to raise 1,99,67,482 Equity shares, aggregating to Rs 2,495.94 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 Scanpoint Geomatics Rights Issue Lead manager?
A designated underwriter or lead manager of Scanpoint Geomatics Rights Issue is Vivro Financial Services 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 Scanpoint Rights Issue?
There are a bunch of important dates regarding Scanpoint Geomatics Rights Issue, which you need to know about. The priority should be the Record Date of August 17, 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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