Avantel Ltd. is offering 2,02,26,100 equity shares through a Rights Issue at a price of ₹40 per share, aiming to raise ₹80.90 crores. The entitlement ratio is set at 10 rights equity shares for every 121 fully paid-up shares held by eligible shareholders.
The entire amount of ₹40 per share is payable at the time of application. These rights shares will be listed on both BSE and NSE, giving shareholders a chance to increase their holding at a discounted rate.
The record date for determining shareholders’ eligibility is May 7, 2025. The Rights Issue opens on May 15, 2025, and will close on May 22, 2025.
Overview of Contents
About Company
Avantel Limited is an Indian company that designs and develops wireless and satellite communication systems, defence electronics, radar systems, and related software solutions, mainly for the aerospace and defence sectors.
The company started on May 30, 1990, and has over 30 years of experience in serving India’s strategic and defence needs. Avantel focuses on four major areas: Satellite Communications, HF Communications, Electronic Warfare, and Radar Systems. It is now working on expanding its product range to include Software Defined Radios (SCA compliant), High Power HF systems, Air Defence Radars, and Small Satellites.
The company provides customized SATCOM solutions for military use, especially using INSAT-based mobile satellite services. It also developed a real-time, cost-effective tracking system for Indian Railways. In the wireless segment, Avantel creates radar subsystems and software-controlled radios for military voice and data communication. Their software division works on embedded systems, simulation, GIS, multimedia, and other software applications. In FY24, 100% of its revenue came from strategic equipment sales, and exports made up about 9% of the total.
Avantel supplies its products to key Indian defence and space organizations like DRDO, ISRO, DPSUs, Indian Railways, and research institutes. Its clients also include major companies like L&T and NewSpace India Limited. The company has a solid track record in electronics and telecom, combining embedded systems and RF technologies for both defence and civilian use.
Recently, Avantel received an order from ISRO’s NSIL to supply 30,000 MSS terminals for boats, to be delivered in FY25. It is also developing HF systems, Ku band terminals, and multi-band SCA-compliant Software Defined Radios. Its medical equipment division (Imeds) is working on products like ventilators, patient monitors, and oxygen concentrators, which will be certified in FY25. Avantel has completed several key projects, including RTIS systems for Indian Railways, satellite units for Lockheed Martin, and communication systems for ships and defence vehicles. It also successfully demonstrated a 1 KW HF SDR set for the Indian Air Force, built as per SCA 4.1 standards.
Avantel Rights Issue 2025 – Overview
| Details | Information |
|---|---|
| Stock Exchange Listing | BSE and NSE |
| Company Name | Avantel Ltd. |
| Type of Issue | Rights Issue |
| Total Issue Size | Approx ₹80.90 Crores |
| Total Shares Offered | 2,02,26,100 Equity Shares |
| Issue Price | ₹40 per Equity Share |
| Face Value per Share | ₹2 |
| Payment Terms | Full payment of ₹40 per share to be made at the time of applying |
| Entitlement Ratio | 10 rights shares for every 121 fully paid-up equity shares held |
Avantel Rights Issue Dates
| Event | Date |
|---|---|
| Last Day to Purchase Shares | 6th May 2025 |
| Cut-off Date for Eligibility (Record Date) | 7th May 2025 |
| Rights Issue Opening Date | 15th May 2025 |
| Final Day to Apply for Rights Shares | 22nd May 2025 |
| Deadline for Rights Entitlement Transfer | 20th May 2025 |
| Expected Allotment Date | Within May 2025 (exact date not announced) |
| Letter Of Offer URL | Click here |
How to Apply for Avantel Rights Issue 2025
Investors can apply for the Avantel Rights Issue through two convenient methods:
Net Banking via ASBA (Application Supported by Blocked Amount): Shareholders can apply directly through their bank’s net banking portal using the ASBA service. This method allows the application amount to be blocked in the bank account until the shares are allotted. Most banks offer ASBA services under the IPO or Rights Issue section.
Registrar’s Website (R-WAP Facility): Investors can also apply through the Registrar’s Web-Based Application Platform (R-WAP). This method enables eligible shareholders to submit their applications online by filling out the form on the official website of the registrar and making payment through net banking, UPI, or other online payment modes.
Avantel Fianancial Performance
| Financial Details | As on 31st March 2024 | As on 31st March 2023 |
|---|---|---|
| Total Assets | ₹222.97 Cr | ₹153.80 Cr |
| Total Revenue | ₹225.22 Cr | ₹154.74 Cr |
| Net Profit (After Tax) | ₹55.45 Cr | ₹30.04 Cr |
| Reserves & Surplus | ₹122.76 Cr | ₹95.66 Cr |
Avantel Rights Issue 2025 Review
- To be Updated Soon.
Avantel Rights Issue 2025 Allotment Status
- To Be Updated Soon
Company Address:
- Avantel Ltd.
- Plot No. 47/P, APIIC Industrial Park
- Gambheeram (V), Anandapuram (M)
- Visakhapatnam – 531163
- Phone: 918912850000
- Email: [email protected]
- Website: https://www.avantel.in/
Avantel Rights Issue 2025 Lead Manager(s)
- To Be Updated Soon
Avantel Rights Issue 2025 FAQs
What is the record date for Avantel Rights Issue 2025?
The record date set by the company is 7th May 2025. Shareholders holding Avantel shares by this date will be eligible to receive the rights entitlement.
At what price is Avantel offering its Rights Shares in 2025?
Avantel has set the rights issue price at ₹40 per equity share, which needs to be paid in full at the time of application.
What is the entitlement ratio for the Avantel Rights Issue 2025?
Eligible shareholders will receive 10 Rights Shares for every 121 fully-paid equity shares they hold as on the record date.