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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 changed 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.
Issue Open | September 24, 2024 - October 14, 2024 |
Security Name | Advik Capital Ltd |
Issue Size (Shares) | 199,805,013 |
Issue Size (Amount) | ₹49.95 Crores |
Issue Price | ₹2.5 per share |
Face Value | ₹1 per share |
Listing At | BSE |
Terms of Payment | Aggregate amount payable at the time of application. |
Entitlement | 14 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | September 11, 2024 |
Record Date | September 12, 2024 |
Credit of Rights Entitlements | September 18, 2024 |
Bid/Offer Opens On | September 24, 2024 |
Renunciation of Rights Entitlements | October 1, 2024 |
Bid/Offer Closes On | October 14, 2024 |
Deemed Date of Allotment | |
Credit Date | |
Listing Date |
Advik Capital Ltd's revenue increased by 40% and profit after tax (PAT) dropped by -32% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
Assets | 204.18 | 142.56 | 16.69 | |||||||||||||||||||||||||||
Revenue | 848.06 | 604.37 | 46.58 | |||||||||||||||||||||||||||
Profit After Tax | 6.36 | 9.35 | 0.44 | |||||||||||||||||||||||||||
Net Worth | 123.45 | 67.56 | 9.58 | |||||||||||||||||||||||||||
Total Borrowing | 78.68 | 75.13 | 4.69 | |||||||||||||||||||||||||||
Amount in ₹ Crore |
The Company intends to utilize the proceeds of the Issue towards the following objects:
Advik Capital Rights Issue 2024 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 206,673,842 shares.
Advik Capital Ltd
Vikas House, 34/1
Vikas Path
East Punjabi Bagh, New Delhi -110026
Phone: 919289119981
Email: info@advikcapital.com
Website: http://advikcapital.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
The Advik Capital Rights Issue 2024 opens on September 24, 2024, and closes on October 14, 2024.
Advik Capital Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | September 18, 2024 |
Last Date for renunciation of Rights Entitlements | October 1, 2024 |
Issue Opening Date | September 24, 2024 |
Issue Closing Date | October 14, 2024 |
Date of Allotment (on or about) | |
Date of Credit (on or about) | |
Date of Listing (on or about) |
Advik Capital Rights Issue 2024 price is set at ₹2.5 per share per equity share.
The eligible shareholders are being offered 14 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date (September 12, 2024).
The record date for the Advik Capital Rights Issue 2024 is September 12, 2024.
The issue size of Advik Capital Rights Issue 2024 is of 199,805,013 equity shares at ₹2.5 per share aggregating upto ₹49.95 Crores.
The Letter of Offer for Advik Capital Rights Issue 2024 can be download here.
You can apply for Advik Capital Rights Issue 2024 in two ways:
Steps to apply for Advik Capital Rights Issue 2024 using Net Banking (ASBA)
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 2024 using Registrar's website (R-WAP)
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