California Software Rights Issue dates 24 – 31 January 2025.
California Software operates in the field of business analytics and software development within the Information Technology (IT) sector. The company focuses on delivering Software as a Service (SaaS) solutions, which it considers one of the fastest-growing segments in the IT industry. California Software provides comprehensive capabilities across the entire spectrum of professional services, including strategy, consulting, digital solutions, blockchain, gaming, technology, and operations.
The company’s services are categorized by business application types such as business intelligence and analytics, e-commerce, Point of Sale (PoS), Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Capital Management (HCM), Supply Chain Management (SCM), Unified Communication & Collaboration (UC&C), finance and accounting, Enterprise Content Management (ECM), and collaboration. Additionally, the company offers solutions for enterprise applications like Risk and Compliance Management, Product Lifecycle Management (PLM), and Enterprise Performance Management (EPM). These services cater to diverse industries, including retail, banking, manufacturing, and others.
California Software’s market spans both large enterprises and small and medium businesses (SMBs), segmented based on the adoption of the SaaS delivery model across organizations of different sizes and various industry verticals. The company’s customers are distributed globally, with a regional presence across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Promoters of California Software – Dr. M. Vasudevan
Table of Contents
California Software Rights Issue Details
| California Software Rights Issue Date | 24 – 31 January 2025 |
| California Software Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,63,71,318 shares |
| Issue Size (in INR) | INR 46.37 crore |
| Issue Entitlement | 3 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Issue Price of INR 10 per share is payable as INR 2.50 per share on Application. The remaining INR 7.50 will be called within one or more subsequent calls by the board of the company at its sole discretion from time to time. |
| California Software Rights Issue Record Date | 15 January 2025 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
California Software Rights Issue Calculation
| California Software Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 17.95 per share |
| Dilution Factor (X) | 4.0 |
| Fair Value After Dilution at Prevailing Price | INR 11.99 per share |
California Software Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 10.86 | 2.76 | 4.28 |
| Expenses | 3.43 | 1.56 | 2.71 |
| Operating Margin (%) | 7.43 | 1.20 | 1.57 |
| Net Income | 4.55 | 0.22 | 0.62 |
| ROCE (%) | 40.76 | 1.61 | 4.42 |
California Software Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Adjustment of unsecured loans against the rights entitlement of the promoter
- To meet working capital requirements
- General corporate purposesÂ
California Software Rights Offer Documents
- California Software Rights Issue Application Form
- California Software Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
California Software Rights Issue Dates
| Rights Issue Approval Date | 7 January 2025 |
| Rights Issue Record Date | 15 January 2025 |
| Credit of Rights Entitlement | 21 January 2025 |
| Rights Issue Opening Date | 24 January 2025 |
| Last Date for Market Renunciation | 28 January 2025 |
| Rights Issue Closing Date | 31 January 2025 |
| Finalization of Basis of Allotment | 7 February 2025 |
| Rights Allotment Date | 7 February 2025 |
| Credit Date | 13 February 2025 |
| Listing Date | 14 February 2025 |
California Software Rights Offer Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
Kences Towers, 2nd Floor, No.1, Ramakrishna Street,
North Usman Road, T.Nagar, Chennai – 600 017
Phone:Â +91 44 28140801-803
Email:Â [email protected]
Website:Â www.integratedindia.in
California Software Contact Details
CALIFORNIA SOFTWARE COMPANY LIMITED
Workflow, Greeta Towers, Industrial Estate, Perungudi,
OMR Phase 1, Chennai – 600 096, Tamil Nadu, India
Phone:Â +91 94448 60882
Email:Â [email protected]
Website:Â www.calsoft.com
California Software Rights Offer FAQs
What is the California Software Rights Issue Price?
The issue price is INR 10 per share.
What is the California Software Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 1 Equity Shares held on the record date.
What is the California Software Rights Issue Record Date?
The Record date is 15 Janaury 2025.
How to Apply in California Software Rights Offer?
The best way to apply in the California Software 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.
