GTT Data Rights Issue dates are not finalized.
Founded in 1986, GTT Data Solutions, earlier known as Cinerad Communications, is engaged in the business of Information Technology, software development, Data Analytics, Artificial Intelligence, and Skill Development & Training.
Through its subsidiary, Itarium Technologies India, the company delivers a diverse portfolio of services. These include Enterprise Solutions like CRM, ERP, E-commerce platforms, Enterprise Asset Management, Learning Management Systems, Decision Support Systems, Troubleshooting Guides, and Document Management. Additionally, the company offers Data and Analytics Consulting, empowering businesses to leverage data for informed decision-making. Its Software Development services encompass the design, creation, testing, and maintenance of custom software applications tailored to address unique business challenges effectively.
The company’s restated consolidated revenue from operations for the fiscal year 2023–24 amounted to INR 13.99 crore. As of September 2024, the company employed a total of 30 individuals.
Promoters of GTT Data Solutions – Pankaj Ramesh Samani, Kaushal Uttam Shah, Ganesh Natarajan, Uma Ganesh Natarajan, Manoj Manohar Panvelkar, Nitin Neminath Patil, Basanta Kumar Swain & Ugpatwardhan Services Private Limited
Table of Contents
GTT Data Rights Issue Details
| GTT Data Rights Issue Date | Coming soon |
| GTT Data Rights Issue Price | INR 26 per share |
| Issue Size (in Shares) | 1,91,61,915 shares |
| Issue Size (in INR) | INR 49.82 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | The issue price of INR 26 per share is structured as INR 6.50 payable at the time of application. The balance amount of INR 19.50 per share will be called by the company’s board in one or more subsequent installments, at their discretion, as required. |
| GTT Data Rights Issue Record Date | 14 January 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
GTT Data Rights Issue Calculation
| GTT Data Rights Issue Price | INR 26 per share |
| Market Price on Rights Issue Approval | INR 168 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 97 per share |
GTT Data Financial Performance
| Â | FY 2024 |
| Revenue | 13.99 |
| Expenses | 16.36 |
| Operating Margin (%) | (16.94) |
| Net Income | (0.71) |
GTT Data Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Part repayment or pre-payment of unsecured loans availed by the company from U.G Patwardhan Services and Pankaj Ramesh Samani, the Promoters of the company, and from Agri One India Ventures LLP – INR 11.14 crore
- Acquisition of additional equity shares of Itarium Technologies from existing shareholders of the company – INR 9.70 crore
- Acquisition of equity shares of CRG Solutions from existing shareholders of the company – INR 5 crore
- Development of IT Infrastructure and acquisition of a license from SEED Infotech to conduct B2B business under the esteemed brand name of SEED Infotech – INR 6.17 crore
- Funding inorganic growth through acquisitions of business and other strategic initiatives and General corporate purposes.
GTT Data Rights Offer Documents
- GTT Data Rights Issue Application Form
- GTT Data Letter of Offer
- Board Meeting Outcome
- GTT Data Draft Letter of Offer
- Rights Issue in 2024
GTT Data Rights Issue Dates
| Rights Issue Approval Date | 4 January 2025 |
| Rights Issue Record Date | 14 January 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
GTT Data Rights Offer Registrar
MCS SHARE TRANSFER AGENT LIMITED
3B3, 3rd Floor, B-Wind, Gundecha Onclave Premises Co-op,
Society Ltd. Kherani Road, Saki Naka, Andheri (E), Mumbai – 400 072
Phone:Â 022-28516021/ 6022/ 46049717
Email:Â [email protected]
Website:Â www.mcsregistrars.com
GTT Data Contact Details
GTT DATA SOLUTIONS LIMITED
80 Burtolla Street, Barabazar,
Kolkata, West Bengal, India, 700007
Phone:Â +91-77199 13351
Email:Â [email protected]
Website:Â www.gttdata.ai
GTT Data Rights Offer FAQs
What is the GTT Data Rights Issue Price?
The issue price is INR 26 per share.
What is the GTT Data Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the GTT Data Rights Issue Record Date?
The Record date is 14 January 2025.
How to Apply in GTT Data Rights Offer?
The best way to apply in GTT Data Solutions 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.
