₹49.91 Crores | Listing at BSE | Mon, Sep 18, 2023 - Fri, Oct 6, 2023
Advik Capital Limited Rights Issue comprises 20.80 Cr equity shares aggregating to ₹49.91 Cr, offered at an issue price of ₹2.4 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Sep 7, 2023, with the Rights Issue being offered in the entitlement ratio of 17 : 18.
The term of payment is defined as following : Full amount of Rs. 2.40 per Equity Share (Including premium of Rs. 1.40per share) payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 4, 2023.
The Rights Issue opens on Sep 18, 2023, and closes on Oct 6, 2023, with renunciation of Rights Entitlements permitted up to Sep 26, 2023.
The deemed date of allotment is Oct 4, 2023, following which the equity shares are expected to be credited to demat accounts on Oct 9, 2023 and listed at the BSE on Oct 13, 2023.
Novus Capital Advisors Private Limited is the Lead Manager to the issue and Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Advik Capital Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Sep 7, 2023
Entitlement Ratio
17 : 18
Open Date
Mon, Sep 18, 2023
Close Date
Fri, Oct 6, 2023
Full amount of Rs. 2.40 per Equity Share (Including premium of Rs. 1.40per share) payable on Application.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 14.32 | 16.69 | 142.56 |
| Revenue | 6.28 | 46.58 | 604.37 |
| Profit After Tax | 0.07 | 0.44 | 9.36 |
| Net Worth | 9.16 | 9.58 | 58.60 |
| Reserves and Surplus | |||
| Total Borrowing | 2.83 | 4.69 | 75.13 |
Incorporated in 1985, Advik Capital Limited is a non-deposit-taking non-banking financial company (NBFC) registered with RBI.
The company is engaged primarily in the business of investing funds, assisting the financial accommodation by way of loans/advances to industrial concerns, and undertaking the business of leasing and to finance lease operations of all kinds, purchasing, selling, hiring, or letting on hire or all kinds of plant and machinery.
The Company has one Subsidiary Company and one Group Company, named as:
The Company was incorporated as Quick Credit Limited in 1985 and was registered with RBI as NBFC. The company has undergone capital restructuring and vide High Court Order, the name of the company was changed From Quick Credit Limited to Du-Lite Industries Limited. Further, the company has changed its name From Du-Lite Industries Limited to Advik Industries Limited w.e.f 24.02.2011. As per the direction of RBI, New Delhi, the Company has changed its name from "Advik Industries Limited" to "Advik Capital Limited" w.e.f 07/07/2017.
The company recorded consolidated revenues from operations for Fiscals 2023, 2022, and 2021 were ₹ 60,428.92, ₹ 4645.90 lacs, and ₹ 625.87 lacs, respectively.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] This is the second rights issue from ACL in the last two years. Last RI was at a price of Rs. 2.85 and this time it is priced at Rs. 2.40 per share. The company has diversified its business but the higher equity base post-RI raises concern over its servicing going forward. There is no harm in skipping this “High Risk / Low Return” offer. Read detail review...
Advik Capital Rights Issue 2023 got subscribed by 0.09 times by the end of the bidding period with total bid quantity received by BSE of 1,79,74,382 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 27 2023 12:32:00 | 1,79,74,382 | 0.09x |
Advik Capital Limited
G-3, Vikas House, 34/1,
East Punjabi Bagh, Sec – III, West Delhi,
New Delhi - 110026
New Delhi, New Delhi, 110026
Skyline Financial Services Pvt.Ltd.
The Advik Capital Rights Issue 2023 opens on Mon, Sep 18, 2023, and closes on Fri, Oct 6, 2023.
Advik Capital Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Tue, Sep 12, 2023 |
| Last Date for renunciation of Rights Entitlements | Tue, Sep 26, 2023 |
| Issue Opening Date | Mon, Sep 18, 2023 |
| Issue Closing Date | Fri, Oct 6, 2023 |
| Date of Allotment (on or about) | Wed, Oct 4, 2023 |
| Date of Credit (on or about) | Mon, Oct 9, 2023 |
| Date of Listing (on or about) | Fri, Oct 13, 2023 |
You can apply for Advik Capital Rights Issue 2023 in two ways:
Steps to apply for Advik Capital Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Advik Capital Rights Issue 2023 using Registrar's website (R-WAP)
