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Right Issue Status: Closed [9th Jan 2023 to 24th Jan 2023]
Rated 3/5 by Team InvestorGain
Quint Digital Media Limited offers Right Issue size of Rs 125 Cr. Opening subscription from 09 Jan 2023 to 24 Jan 2023. The company issues 42 right equity shares for every 37 equity shares held on the record date of, 22 Dec 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs.50 per share. Stay updated with us to know more about the Quint Digital Media Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
1. Towards exercise of the call option under the Quintype SHA.
2. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
3. Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
4. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
5. Pre- payment / repayment of loans; and 6. General Corporate Purposes.
| Quint Digital Media Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 2.50 Cr Shares |
| Right Issue Issue Size (Amount) | ₹125.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹50 per share |
| Right Issue Record Date | 22nd Dec 2022 |
| Right Issue Entitlement | 42 Rights Share for every 37 Equity Shares held as on Record Date |
| Right Issue Terms of payment | Rs. 50/- per Rights Equity Share payable on application. |
| Listing At | BSE |
| BSE Code | 539515 |
| NSE Code |
In this section we have covered all important dates related to Quint Digital Media Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 9th Jan 2023 |
| Right Issue Issue Close Date | 24th Jan 2023 |
| Basis of Allotment Finalisation Date* | 31st Jan 2023 |
| Refunds Initiation* | 13th Jan 2023 |
| Credit of Shares to Demat Account* | 1st Feb 2023 |
| Right Issue Listing Date* | 3rd Feb 2023 |
* - Tentative Dates
Zerodha Trade@20
Quint Digital Media Limited was originally incorporated as "Gaurav Mercantiles Limited" at New Delhi on May 31, 1985. The digital media platforms of the Company disseminates news, opinions, and current affairs content on India and the world covering multiple categories such as governance, politics, economy, business, entertainment, sports, technology, education, lifestyle, health and fitness, gender issues, and more.
Quint Ltd acquired the digital content business, being operated under the brand name of "The Quint", of QML, a company under common control in accordance with IND AS, pursuant to the Business Transfer Agreement dated May 06, 2020. The company entered into the QMP SPA to acquire 100% equity shares and securities of QML including its underlying stake in QBML, Quintype India and YKA Media. Further, the Company also entered into the Spunklane SPA acquire 47.92% stake in Spunklane Media.
Each of the digital media platforms also has its own social media channels on all major platforms including Facebook, Instagram, YouTube, Twitter, and more. The social media channels have a substantial number of followers or subscribers and a sizeable part of the total engagement and views generated by the Company are on social media.
Past performance and financial results of Quint Digital Media.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 140.53 | 73.59 | -81.92 |
| 31-Mar-21 | 114.29 | 39.16 | -61.12 |
| 31-Mar-22 | 106.74 | 61.53 | -24.87 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Quint Digital Media Right Issue Offer Document (Letter of Offer) >>Document
Quint Digital Media Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2023-02-14T23:30:57+00:00
