Quint Digital Rights Issue 2023 Details

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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 
Visagar Financial Services Rights Issue Details

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
Websitehttp://www.quintdigitalmedia.com/

Quint Digital Media Rights Issue Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: subhashdhingreja@skylinerta.com
    Websitehttps://www.skylinerta.com/

Quint Digital Media Rights Issue Lead Manager(s)

  1. Choice Capital Advisors Pvt Ltd

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