₹29.59 Crores | Listing at BSE | Fri, Dec 9, 2022 - Fri, Dec 23, 2022
Adcon Capital Services Limited Rights Issue comprises 29.59 Cr equity shares aggregating to ₹29.59 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Dec 2, 2022.
The term of payment is defined as following : Rs. 0.90 (90 paise) per share on Application and Rs. 0.10 (10 paise) per share on subsequent calls as may be decided by the Board of Directors from time to time.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 3, 2023.
The Rights Issue opens on Dec 9, 2022, and closes on Dec 23, 2022, with renunciation of Rights Entitlements permitted up to Dec 16, 2022.
The deemed date of allotment is Jan 3, 2023, following which the equity shares are expected to be credited to demat accounts on Jan 4, 2022 and listed at the BSE on Jan 6, 2023.
Inventure Merchant Banker Services Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Adcon Capital Services Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 2, 2022
Entitlement Ratio
:
Open Date
Fri, Dec 9, 2022
Close Date
Fri, Dec 23, 2022
Rs. 0.90 (90 paise) per share on Application and Rs. 0.10 (10 paise) per share on subsequent calls as may be decided by the Board of Directors from time to time.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 3.24 | 0.26 | -0.31 |
| 31-Mar-21 | 3.49 | 0.45 | 0.28 |
| 31-Mar-22 | 4.01 | 0.75 | 0.47 |
| Amount in ₹ Crore | |||
Adcon Capital Services Limited is the Non-Deposit taking Non-Banking Financial Company (NBFC) registered with RBI to carry on the NBFI (Non-Bank Financial Institution) activities. The company is engaged in the business of providing financial loans and in providing ancillary services related to the said business activities.
The company is also engaged in making investments in the form of Equity in various companies, both listed and unlisted.
Adcon Capital Services loan portfolio as of March 31, 2022, is Rs 290.44 lakhs. The company provide both secured and unsecured loans based on the risk profiles of the clients.
The objects of the Net Proceeds of the Issue are:
1. Augmenting the capital base of the Company.
2. General Corporate Purposes.
[Dilip Davda] Though the issue is at par, over an 8-fold increase in its equity base will have servicing issues. Its current minuscule financial performance also raises concern. There is no harm in skipping this RI as it’s a high-risk/low-return bet. Read detail review...
Adcon Capital Services Limited
417, Chetak Centre Nx,
Near Hotel Shreemaya, R.N.T. Marg,
Indore – 452 001,
Indore, Madhya Pradesh, 452001
Purva Sharegistry (India) Pvt.Ltd.
The Adcon Capital Services Rights Issue 2022 opens on Fri, Dec 9, 2022, and closes on Fri, Dec 23, 2022.
Adcon Capital Services Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 8, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Dec 16, 2022 |
| Issue Opening Date | Fri, Dec 9, 2022 |
| Issue Closing Date | Fri, Dec 23, 2022 |
| Date of Allotment (on or about) | Tue, Jan 3, 2023 |
| Date of Credit (on or about) | Tue, Jan 4, 2022 |
| Date of Listing (on or about) | Fri, Jan 6, 2023 |
You can apply for Adcon Capital Services Rights Issue 2022 in two ways:
Steps to apply for Adcon Capital Services Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Adcon Capital Services Rights Issue 2022 using Registrar's website (R-WAP)
