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Advik Capital Limited Rights Issue (Advik Capital Rights Issue 2023) Detail

September 18, 2023 - October 6, 2023
Advik Capital Limited Logo

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:

  1. Advik Optoelectronics Limited: It is a manufacturing unit of LED lights, LED Signages, LED Emergency Lights & all other types of signages.
  1. Advik Global Limited: The Company is a trading company. Take Government tenders and engage in the import and export field.

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.

Advik Capital Rights Issue 2023 Detail

Issue Open September 18, 2023 - October 6, 2023
Security Name Advik Capital Limited
Issue Size (Shares) 207,960,320
Issue Size (Amount) ₹49.91 Crores
Issue Price ₹2.4 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full amount of Rs. 2.40 per Equity Share (Including premium of Rs. 1.40per share) payable on Application.

Entitlement 17 Rights Equity Share(s) for every 18 fully paid-up Equity Shares held on Record Date

Advik Capital Rights Issue 2023 Issue Timetable

Last Date to buy sharesSeptember 6, 2023
Record Date September 7, 2023
Credit of Rights Entitlements September 12, 2023
Bid/Offer Opens On September 18, 2023
Renunciation of Rights Entitlements September 26, 2023
Bid/Offer Closes On October 6, 2023
Deemed Date of Allotment October 4, 2023
Credit Date October 9, 2023
Listing Date October 13, 2023

Company Financials

Advik Capital Rights Issue 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets14.3216.69142.56
Revenue6.2846.58604.37
Profit After Tax0.070.449.36
Net Worth9.169.5858.60
Reserves and Surplus
Total Borrowing2.834.6975.13
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To augment their capital base and increase operational scale with respect to their NBFC activities.
  2. General Corporate Purposes.

Advik Capital Rights Issue 2023 Subscription Status

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 17,974,382 shares.

Advik Capital Rights Issue 2023 Documents

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Advik Capital Rights Issue 2023 Reviews

Company Contact Information

Advik Capital Limited
G-3, Vikas House, 34/1,
East Punjabi Bagh, Sec – III, West Delhi,
New Delhi - 110026

Phone: +91 92891 19980
Email: advikcapital@gmail.com
Website: https://advikgroup.com/ail/

Advik Capital Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Advik Capital Rights Issue 2023 Lead Manager(s)

Advik Capital Rights Issue 2023 FAQs

The Advik Capital Rights Issue 2023 opens on September 18, 2023, and closes on October 6, 2023.

Advik Capital Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsSeptember 12, 2023
Last Date for renunciation of Rights EntitlementsSeptember 26, 2023
Issue Opening DateSeptember 18, 2023
Issue Closing DateOctober 6, 2023
Date of Allotment (on or about)October 4, 2023
Date of Credit (on or about)October 9, 2023
Date of Listing (on or about)October 13, 2023

Advik Capital Rights Issue 2023 price is set at ₹2.4 per share per equity share.

The eligible shareholders are being offered 17 Rights Equity Share(s) for every 18 fully paid-up Equity Shares held on Record Date (September 7, 2023).

The record date for the Advik Capital Rights Issue 2023 is September 7, 2023.

The issue size of Advik Capital Rights Issue 2023 is of 207,960,320 equity shares at ₹2.4 per share aggregating upto ₹49.91 Crores.

The Letter of Offer for Advik Capital Rights Issue 2023 can be download here.

You can apply for Advik Capital Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Advik Capital Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Advik Capital Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Advik Capital Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Advik Capital Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Advik Capital Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Ahammad Kunhu P     Link|September 22, 2023 10:05:02 AM
How to apply right issue on sbi banking
1. ParthibanV   I Like It. 1|  Link|September 20, 2023 9:08:00 AM
Anyone knows how to apply for this rights issue
1.1. Arvindbhaipatel     Link|September 20, 2023 5:46:07 PM
How can apply for rightissue fromhdfcbank online

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