Scanpoint Geomatics Rights Issue is scheduled for 30 Apr – 8 May 2024
Established in 1992, Scanpoint Geomatics is an Indian firm focused on developing and selling geospatial software. The company is recognized for its innovative contribution to the Indian geospatial industry through IGiS, a native technology that integrates GIS, image processing, photogrammetry, and CAD into a single platform. IGiS is a collaborative development between Scanpoint Geomatics Ltd. and SAC-ISRO.
IGiS technology serves a wide range of industries, including agriculture, defense, forestry, disaster management, land information, mining, power, smart city development, urban planning, utilities, and location-based services. The company has collaborated with ISRO to offer its clients cutting-edge geospatial domain technologies. Additionally, Scanpoint Geomatics provides comprehensive turn-key solutions for implementing enterprise GIS systems.
Promoters of Scanpoint Geomatics – Nirmal Bhanwarlal Jain, and R Venkataraman
Scanpoint Geomatics Rights Issue Details
| Scanpoint Geomatics Rights Issue Date | 30 Apr – 8 May 2024 |
| Scanpoint Geomatics Rights Issue Price | INR 5 per share |
| Issue Size (in Shares) | 98,800,000 shares |
| Issue Size (in INR) | INR 49.40 crore |
| Issue Entitlement | 67 equity shares for every 47 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Scanpoint Geomatics Rights Issue Record Date | 19 April 2024 |
| Face Value | INR 2 per share |
| Listing On | BSE |
Scanpoint Geomatics Rights Issue Calculation
| Rights Issue Price | INR 5 per share |
| Market Price on Rights Issue Approval | INR 6.30 per share |
| Dilution Factor (X) | 2.43 |
| Fair Value After Dilution at Prevailing Price | INR 5.54 per share |
Scanpoint Geomatics Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 43.38 | 33.03 | 17.00 |
| Expenses | 40.09 | 29.75 | 15.17 |
| Operating Margin (%) | 12.62 | 16.22 | 23.23 |
| Net income | 2.03 | 1.97 | 0.58 |
| ROCE (%) | 5.85 | 4.36 | 2.34 |
Scanpoint Geomatics Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To repay, in full or in part, the identified unsecured loan availed by the company – INR 35 crore
- To meet the long-term working capital requirement – INR 10 crore
- The activities proposed to be funded from the Net Proceeds – INR 3.95 crore
Scanpoint Geomatics Rights Offer Documents
Scanpoint Geomatics Rights Issue Dates
| Rights Issue Approval Date | 11 April 2024 |
| Rights Issue Record Date | 19 April 2024 |
| Credit of Rights Entitlement | 29 April 2024 |
| Rights Issue Opening Date | 30 April 2024 |
| Last Date for Market Renunciation | 2 May 2024 |
| Rights Issue Closing Date | 8 May 2024 |
| Finalization of Basis of Allotment | 15 May 2024 |
| Scanpoint Geomatics Rights Allotment Date | 16 May 2024 |
| Credit Date | 23 May 2024 |
| Listing Date | 27 May 2024 |
Scanpoint Geomatics Rights Offer Lead Manager
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
Email: [email protected]
Website:Â www.vivro.net
Scanpoint Geomatics Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: [email protected]
Website:Â www.linkintime.co.in
SCANPOINT GEOMATICS LIMITED
D-1002-1021, 10th Floor, Swati Clover Shilaj Circle,
S.P. Ring Road, Shilaj, Daskroi, Ahmedabad – 380059, Gujarat
Phone:Â +91 079 460 23912
Email: [email protected]
Website: www.sgligis.com
Scanpoint Geomatics Rights Offer FAQs
What is the Scanpoint Geomatics Rights Issue Price?
The issue price is INR 5 per share.
What is the Scanpoint Geomatics Rights Issue entitlement ratio?
The eligible shareholders are offered 67 Equity Shares for every 47 Equity Shares held on the record date.
What is the Scanpoint Geomatics Rights Issue Record Date?
The Record date is 19 April 2024.
How to Apply in Scanpoint Geomatics Rights Offer?
The best way to apply in Scanpoint Geomatics 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.
