Mumbai (Maharashtra) [India], December 6 (ANI/PNN): Compuage Infocom Limited, distributor of Enterprise Solutions, Cloud Computing, IT Consumer and Hardware Services has closed its Rights Issue period with subscriptions amounting to approximately 1.45 times of the Issue Size. Commenting on the success of the Rights Issue, Atul Mehta, Chairman & Managing Director, said, "We at Compuage, are grateful by the response, as this will not only assist us in achieving our objectives, but also accelerate our strategic initiatives, such as growing our reach, driving the Company and will also allow us to more aggressively seize the growth possibilities that lie ahead." Established in 1987 and listed in 2000, Compuage Infocom (Compuage), is a distribution house creating opportunities for its channel partners through aggressive market development backed by efficient supply chain management. Compuage focuses on Enterprise Solutions, Cloud Computing, PCs & Peripherals and Hardware Se
Compuage Infocom Limited, distributor of Enterprise Solutions, Cloud Computing, IT Consumer and Hardware Services has closed its Rights Issue period with subscriptions amounting to approximately 1.45 times of the Issue Size.
New Delhi [India], November 30 (ANI/PNN): Compuage Infocomm Ltd. (BSE CODE: 532456, NSE CODE: COMPINFO), one of India's leading Value-Added Distributors that caters to system integrators, brand stores, enterprises, retailers and more, has offered right issue in the ratio of 8:25. The Company is offering Rights Issue of 2,07,92,258 equity shares of Rs 2 at price of Rs 20. Post issue, the diluted equity will be Rs 17.15 crore The Company will garner Rs 41.58 crore to be put to use for working capital of Rs 31.79 crore and general corporate purpose of Rs 9.00 crore. Renunciation of Rights Entitlements is on November 29 and the cumulative bid quantity as on date is 1,74,63,058 which is 0.84x of offered quantity. The right issue is offered at an attractive P/E of 5.87x its annualized FY23 EPS of Rs 3.40. Right issue open/close dates: November 23, 2022 / December 2, 2022. Established in 1987 and listed in 2000, Compuage Infocom (Compuage), is a distribution house creating opportunities f