Kretto Syscon Rights Issue is scheduled on 2024
Kretto Syscon operates in both the real estate and systems and application software sectors. The company is an integrated construction and real estate development company, primarily focused on residential and commercial projects in and around Ahmedabad, Gujarat.
In addition to the company’s real estate endeavors, Kretto Syscon is actively involved in developing, providing, designing, and distributing systems and application software for microprocessor-based information systems. Kretto Syscon also engages in offshore software development projects and offers services as an Internet service provider, with solutions across various applications, including emerging niche areas like the Internet.
As of 31 March 2024, Kretto Syscon employs a staff of eight.
Promoters of Kretto Syscon – Does not have an Identifiable Promoter
Kretto Syscon Rights Issue Details
| Kretto Syscon Rights Issue Date | Coming soon |
| Kretto Syscon Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | Coming soon |
| Issue Entitlement | 3 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Kretto Syscon Rights Issue Record Date | 11 October 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Kretto Syscon Rights Issue Calculation
| Kretto Syscon Rights Issue Price | INR 1 per share |
| Market Price on Rights Issue Approval | INR 1.35 per share |
| Dilution Factor (X) | 4.0 |
| Fair Value After Dilution at Prevailing Price | INR 1.09 per share |
Kretto Syscon Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 3.48 | 0.00 | (0.05) |
| Expenses | 3.91 | 0.37 | 0.30 |
| Operating Margin (%) | (12.36) | – | – |
| Net Income | 0.18 | 0.19 | 0.25 |
| ROCE (%) | 1.48 | 1.59 | 1.99 |
Kretto Syscon Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet incremental working capital requirements
- Acquisition of software
- General corporate purposes
Kretto Syscon Rights Offer Documents
Kretto Syscon Rights Issue Dates
| Rights Issue Approval Date | 5 October 2024 |
| Rights Issue Record Date | 11 October 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Kretto Syscon Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PVT. LTD LIMITED
PurvaSharegistry (India) Pvt. Ltd. Unit no. 9 Shiv Shakti Ind.
Estt. J .R. Borichamarg Lower Parel (E) Mumbai 400 011
Phone:Â +91 22 3522 0056 / 4961 4132
Email: [email protected]
Website:Â www.purvashare.com
KRETTO SYSCON LIMITED
A-401, Sankalp Iconic, Opp. Vikram Nagar,
Iscon Temple Cross Road, S.G Highway,
Ahmedabad, Gujarat, 380054
Phone:Â 079-65551616
Email: [email protected]
Website: www.krettosysconltd.com
Kretto Syscon Rights Offer FAQs
What is the Kretto Syscon Rights Issue Price?
The issue price is INR 1 per share.
What is the Kretto Syscon Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 1 Equity Shares held on the record date.
What is the Kretto Syscon Rights Issue Record Date?
The Record date is 11 October 2024.
How to Apply in Kretto Syscon Rights Offer?
The best way to apply in the Kretto Syscon 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.
