Quint Digital Media operates websites using online, digital, or mobile media, which may feature a variety of material such as current affairs, lifestyle, and entertainment.
Across all social media networks, the digital properties had over 2.2 crore subscribers in FY 2022 compared to 1.4 crore subscribers in FY 2021. Additionally diverse is the audience footprint across websites and different digital platforms like Facebook, Instagram, YouTube, Twitter, Snapchat, etc. a some of the important data points compiled from many websites and digital platforms.
The company operates the following three digital platforms:
- The Quint: It is a news platform that engages the reader through videos, op-eds, infographics, animations, and documentaries.
- Quint Hindi: Quint Hindi connects people from all over the country by designing content, which is viewer-friendly and authentic.
- Quint Fit: It is a platform that offers news and stories, opinions, and conversations spanning a wide range of issues concerning physical, mental, and digital health; parenting; taboos; the status quo; and new developments.
Quint Digital Rights Issue Details
| Rights Issue Date | 09 January 2023 – 24 January 2023 |
| Rights Issue Price | INR 50 per share |
| Issue Size (in Shares) | 2,50,00,000 shares |
| Issue Size (in INR) | INR 125 crore |
| Issue Entitlement | 42 Rights Share for every 37 Equity Shares held as on Record Date |
| Terms of Payment | INR 50 per Rights Equity Share payable on application. |
| Rights Issue Record Date | 22 December 2022 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Quint Digital Rights Issue Timetable
| Rights Issue Record Date | 22 December 2022 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 09 January 2023 |
| Last Date for Market Renunciation | 13 January 2023 |
| Rights Issue Closing Date | 24 January 2023 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Issue Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Quint Digital Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 28.34 | 35.45 | 55.98 |
| Expenses | 155.84 | 80.68 | 82.88 |
| Net income | (81.92) | (61.12) | (24.87) |
| Margin (%) | (289.06) | (172.41) | (44.43) |
Objectives of the Issue
The Company proposes to fund the following Objects with the Net Proceeds:
1. In the direction of calling the Quintype SHA call option.
2. Paying Mr. Raghav Bahl the balance of the purchase amount necessary to acquire all of the shares and securities of QML in line with the QML SPA.
3. Paying the balance of the purchase price to RB Diversified in line with the QML SPA in order to acquire 100% of the shares and securities of QML.
4. In compliance with the Spunklane SPA, the balance of the purchase price for Mr. Raghav Bahl’s acquisition of a 47.92% share in Spunklane Media is paid.
5. Loan prepayment or repayment; 6. Corporate general purposes.
Quint Digital Media Rights Issue Documents
Company Contact Information
Quint Digital Media Ltd
403, Prabhat Kiran, 17,
Rajendra Place, Delhi
110 008
Phone: +91 011 4514 2374
Email: cs@thequint.com
Website: http://www.quintdigitalmedia.com/
Quint Digital Media Rights Issue Registrar
- Skyline Financial Services Private Ltd
Phone: 02228511022
Email: subhashdhingreja@skylinerta.com
Website: https://www.skylinerta.com/
Quint Digital Media Rights Issue Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
