Scanpoint Geomatics Rights Issue is scheduled for 5 – 13 December 2024
Established in 1992, Scanpoint Geomatics is a geospatial technology company specializing in developing technology platforms and solutions in Geographic Information Systems (GIS) and remote sensing. Its flagship product, IGiS, is an Indigenous software platform created through a contractual technical know-how arrangement with the Indian Space Research Organisation (ISRO).
The company has developed verticalized products and solutions based on IGiS for various sectors, including agriculture, defense, land information, smart cities, urban planning, utilities, retail, and location-based services. These solutions address the specific business needs of each segment by leveraging integrated GIS and remote sensing technology. Additionally, the company offers end-to-end turnkey solutions for enterprise GIS implementation, covering GIS platforms, customized web and mobile GIS applications, implementation services, data modeling, training and capacity building, and post-implementation operations and maintenance services.
Promoters of Scanpoint Geomatics – Rameshchandra Sojitra, Chirag Jayantilal Soni, Vaacha Sojitra, Vishwas Rameshchandra Sojitra, Leelavanti R Sojitraand Rameshchandra K Sojitra HUF
Scanpoint Geomatics Rights Issue Details
| Scanpoint Geomatics Rights Issue Date | 5 – 13 December 2024 |
| Scanpoint Geomatics Rights Issue Price | INR 6 per share |
| Issue Size (in Shares) | 8,23,72,552 shares |
| Issue Size (in INR) | INR 49.42 crore |
| Issue Entitlement | 49 equity shares for every 100 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Scanpoint Geomatics Rights Issue Record Date | 27 November 2024 |
| Face Value | INR 2 per share |
| Listing On | BSE |
Scanpoint Geomatics Rights Issue Calculation
| Rights Issue Price | INR 6 per share |
| Market Price on Rights Issue Approval | INR 7.63 per share |
| Dilution Factor (X) | 1.49 |
| Fair Value After Dilution at Prevailing Price | INR 7.09 per share |
Scanpoint Geomatics Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 33.03 | 17.00 | 29.53 |
| Expenses | 27.90 | 13.24 | 25.53 |
| Operating Margin (%) | 15.53 | 22.12 | 13.55 |
| Net income | 1.96 | 0.58 | 1.62 |
| ROCE (%) | 4.36 | 2.33 | 2.36 |
Scanpoint Geomatics Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the existing and incremental working capital requirement of the company
- To repay, in full or in part, the identified unsecured loan availed by the company
- General Corporate Purposes
Scanpoint Geomatics Rights Offer Documents
Scanpoint Geomatics Rights Issue Dates
| Rights Issue Approval Date | 20 November 2024 |
| Rights Issue Record Date | 27 November 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 5 December 2024 |
| Last Date for Market Renunciation | 9 December 2024 |
| Rights Issue Closing Date | 13 December 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Scanpoint Geomatics Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Scanpoint Geomatics Rights Offer Lead Manager
WEALTH MINE NETWORKS PRIVATE LIMITED
215 B, Manek Centre, P N Marg,
Jamnagar, Gujarat-361001
Telephone: +7778867143
Email: [email protected]
Website:Â www.wealthminenetworks.com
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 07949391735
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 6 per share.
What is the Scanpoint Geomatics Rights Issue entitlement ratio?
The eligible shareholders are offered 49 Equity Shares for every 100 Equity Shares held on the record date.
What is the Scanpoint Geomatics Rights Issue Record Date?
The Record date is 27 November 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.
