GACM Technologies Rights Issue is scheduled on 31 Jul – 14 Aug 2024
Established in 1995, GACM Technologies provides financial consulting and financial technology-related services. Its main offerings include portfolio management services (PMS) and securities trading and broking services.
The company is engaged in three sectors:
- Edtech: GACM Technologies Limited provides back office services to Edu Tech Companies. These services include Blended learning, Video, Gaming, Virtual Reality (VR) or augmented reality, and Increasing independent learning or homeschooling.
- Digitech: Digital transformation in the financial sector involves various technologies such as cloud computing, data analytics, artificial intelligence, machine learning, and the Internet of Things (IoT).
- Insuretech: Its insurance software services for websites or apps to research, compare, and buy insurance policies from insurance providers.
Promoters of GACM Technologies – Mr. J Venkata Tirupati Rao, and M/S. Gayi Adi Holdings Private Limited
GACM Technologies Rights Issue Details
| GACM Technologies Rights Issue Date | 31 Jul – 14 Aug 2024 |
| GACM Technologies Rights Issue Price | INR 1.0 per share |
| Issue Size (in Shares) | 34,02,87,057 shares |
| Issue Size (in INR) | INR 34.03 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| GACM Technologies Rights Issue Record Date | 10 July 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
GACM Technologies Rights Issue Calculation
| GACM Technologies Rights Issue Price | INR 1.0 per share |
| Market Price on Rights Issue Approval | INR 1.20 per share |
| Dilution Factor (X) | 2.0 |
| Fair Value After Dilution at Prevailing Price | INR 1.10 per share |
GACM Technologies Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 2.11 | 10.39 | 7.47 |
| Expenses | 13.55 | 9.85 | 5.00 |
| Operating Margin (%) | (542.18) | 5.20 | 33.07 |
| Net Income | (8.03) | (1.17) | 1.13 |
| ROCE (%) | – | (0.94) | 13.32 |
GACM Technologies Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To finance the capital expenditure towards the purchase of software & hardware and servers – INR 13.77 crore
- To repay or prepay, in full or in part, of certain Borrowings availed by the company through adjustment against the entitlement of Promoter and Promoter Group – INR 7 crore
- To invest in Gayiadi Fintech Private Limited, a wholly-owned subsidiary company to finance its capital expenditure – INR 4.97 crore
- To make acquisitions of businesses in similar or complementary space – INR 3.80 crore
- To meet general corporate purpose
GACM Technologies Rights Offer Documents
GACM Technologies Rights Issue Dates
| Rights Issue Approval Date | 10 July 2024 |
| Rights Issue Record Date | 16 July 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 31 July 2024 |
| Last Date for Market Renunciation | 8 August 2024 |
| Rights Issue Closing Date | 14 August 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
GACM Technologies Rights Offer Lead Manager
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone:Â +91-22-41204837
E-mail: [email protected]
Website:Â www.navigantcorp.com
GACM Technologies Rights Offer Registrar
VENTURE CAPITAL & CORPORATE INVESTMENTS PVT. LTD
Door No. 4-50/P-II/57/4F & 5F, 4th & 5th Floors,
Plot No. 57, Jayabheri Enclave Phase – II, Gachibowli,
Seri Lingampally, Hyderabad, Telangana, 500032
Phone:Â 040-23818475
Email: [email protected]
Website:Â www.vccipl.com
GACM TECHNOLOGIES LIMITED
Kura Towers, 10th Floor, D. No.1-11-254
& 1-11-255, S.P. Road, Begumpet,
Secunderabad, Hyderabad, Telangana, 500016
Phone:Â 040-69086900 / 84
E-mail: [email protected]
Website:Â www.gacmtech.com
GACM Technologies Rights Offer FAQs
What is the GACM Technologies Rights Issue Price?
The issue price is INR 1.0 per share.
What is the GACM Technologies Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the GACM Technologies Rights Issue Record Date?
The Record date is 16 July 2024.
How to Apply for the GACM Technologies Rights Offer?
The best way to apply for the GACM Technologies Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
