The small-cap stock offers rights issue in the ratio 8:25 at 20% discount. details here

 

• The small-cap company is offering a rights issue at ₹20 per equity share, while its share price is ₹25 today

Compuage Infocom rights issue: The rights issue of the small-cap company opened on November 23, 2022 and will remain open till December 2, 2022. The company has offered a rights issue at a price of Rs 20 per equity share, down from around Rs 5. Its current market price is ₹25 per share. Therefore, the small-cap company is offering the rights issue at a discount of around 20 per cent. The company has already clarified that the rights issue is aimed at raising funds for its working capital and general corporate purpose.

Announcing its rights issue, Compuage Infocom said, "To meet its funding requirements for working capital (₹31.79 crore), and for general corporate purposes (₹9 crore), CIL will issue a rights issue in the ratio of 8 (RI) :25 to raise ₹41.58 crore. The company is making a rights issue of 2,07,92,258 equity shares of ₹2 each at a price of ₹20 per share. After the RI, CIL The existing paid-up equity capital of ₹13.00 Cr. Stand raised to ₹17.15 Cr. Based on RI pricing, the company seeks a market cap of ₹171.54 Cr."

Here we list the important Compuze Infocomm Rights Issue details:

1] Compuage Infocom rights issue price: The small-cap company is offering a rights issue at a price of ₹20 per equity share.

2] Compuage Infocom rights issue subscription date: The issue opened on November 23 and will remain open till December 2, 2022.

3] Compuage Infocom rights issue size: The small-cap company aims to raise ₹41.58 crore from its rights offer.


4] Compuz Infocom rights issue ratio: The small-cap company is offering 8 equity shares for every 25 shares held by shareholders on the record date of the rights issue. The record date for the rights issue was 14 November 2022.

5] Compuage Infocomm rights issue allotment date: The deemed date of allotment for the rights issue is December 13, 2022.

6] Compuage Infocom rights issue listing: The company's rights offer is proposed for listing on both NSE and BSE.

7] Compuage Infocom rights issue released: The company has announced that the net proceeds of the rights offer will be used to meet its funding requirements for working capital and general corporate purpose.

8] Compuage Infocom rights issue listing date: The expected date of rights issue listing is December 21, 2022.