Avantel Rights Issue dates 15 – 28 May 2025.
Avantel stands as a key player in the defense, communication, and satellite technology sectors, dedicated to delivering innovative solutions for critical communication requirements. Driven by a vision to advance India’s self-reliance in defense and space technologies, the company has developed a strong portfolio of products and services serving government, defense, and commercial clients.
Avantel’s client base predominantly includes government agencies and defense organizations, both domestic and international. Notable clients include Lockheed Martin, the Indian Armed Forces, ISRO, DRDO Labs, Defense PSUs, Indian Railways, Shipbuilding Centers, and the Indian Coast Guard. Avantel’s diverse product portfolio includes:
- Software-defined radios (SDRs): Advanced radios compliant with Software Communications Architecture (SCA) standards for robust and adaptable communication.
- Mobile Satellite Services (MSS): MSS solutions for mission-critical applications across defense, maritime, railways, and other commercial applications.
- Ground Station and SATCOM Services: Comprehensive ground station services and SATCOM support, catering to government and commercial needs.
- Radars: Wind Profiler Radars and Radar Sub-systems for various Radar Applications.
- Engineering Services: Supports global OEMs for either Built to Print, Built to Design, Built Specifications of their products/solutions, Contract manufacturing for mechanical systems, Quality & Assurance & testing services, etc.
- Embedded Systems, Network Management & Applications Software: Waveform Development & SCA Compliances, Design & Development of Embedded Systems & Software, Network Management & Application Software for various applications.
Promoters of Avantel – Abburi Vidyasagar, Abburi Sarada, Abburi Siddhartha Sagar, Abburi Sailaja, Abburi Venkateswara Rao, and Lakshmee Foundation
Table of Contents
Avantel Rights Issue Details
| Avantel Rights Issue Date | 15 – 28 May 2025 |
| Avantel Rights Issue Price | INR 40 per share |
| Issue Size (in Shares) | 2,02,26,100 shares |
| Issue Size (in INR) | INR 80.90 crore |
| Issue Entitlement | 10 equity shares for every 121 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Avantel Rights Issue Record Date | 7 May 2025 |
| Face Value | INR 2 per share |
| Listing On | NSE, BSE |
Avantel Rights Issue Calculation
| Avantel Rights Issue Price | INR 40 per share |
| Market Price on Rights Issue Approval | INR 113.40 per share |
| Dilution Factor (X) | 1.08 |
| Fair Value After Dilution at Prevailing Price | INR 107.80 per share |
Avantel Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 104.94 | 154.27 | 223.92 |
| Expenses | 78.70 | 109.66 | 143.68 |
| Operating Margin (%) | 27.75 | 32.38 | 38.28 |
| Net Income | 19.18 | 30.04 | 55.45 |
| ROCE (%) | 29.0 | 35.0 | 47.0 |
Avantel Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding the capital expenditure for the development and expansion of the facilities
- Expenditure towards IDEX (Innovation for Defence Excellence) Projects
- General corporate purposes
Avantel Rights Offer Documents
- Avantel Rights Issue Application Form
- Avantel Letter of Offer
- Board Meeting Outcome
- Avantel Draft Letter of Offer
- Rights Issue in 2024
Avantel Rights Issue Dates
| Rights Issue Approval Date | 1 May 2025 |
| Rights Issue Record Date | 7 May 2025 |
| Credit of Rights Entitlement | 8 May 2025 |
| Rights Issue Opening Date | 15 May 2025 |
| Last Date for Market Renunciation | 20 May 2025 |
| Rights Issue Closing Date | 28 May 2025 |
| Finalization of Basis of Allotment | 29 May 2025 |
| Rights Allotment Date | 29 May 2025 |
| Credit Date | 2 June 2025 |
| Listing Date | 2 June 2025 |
Avantel Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Avantel Contact Details
AVANTEL LIMITED
Sy. No.141, Plot No. 47/P, APIIC Industrial Park,
Gambheeram (V), Anandapuram (M),
Visakhapatnam – 531163, Andhra Pradesh, India
Phone: 091 891 2850000
Email: [email protected]
Website: www.avantel.in
Avantel Rights Offer FAQs
What is the Avantel Rights Issue Price?
The issue price is INR 40 per share.
What is the Avantel Rights Issue entitlement ratio?
The eligible shareholders are offered 10 Equity Shares for every 121 Equity Shares held on the record date.
What is the Avantel Rights Issue Record Date?
The Record date is 7 May 2025.
How to Apply in Avantel Rights Offer?
The best way to apply in Avantel 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.