₹49.95 Crores | Listing at BSE | Tue, Sep 24, 2024 - Mon, Oct 14, 2024
Advik Capital Ltd Rights Issue comprises 19.98 Cr equity shares aggregating to ₹49.95 Cr, offered at an issue price of ₹2.5 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Sep 12, 2024, with the Rights Issue being offered in the entitlement ratio of 14 : 30.
The term of payment is defined as following : Aggregate amount payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Sep 24, 2024, and closes on Oct 14, 2024, with renunciation of Rights Entitlements permitted up to Oct 1, 2024.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the BSE on [.].
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 Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Sep 12, 2024
Entitlement Ratio
14 : 30
Open Date
Tue, Sep 24, 2024
Close Date
Mon, Oct 14, 2024
Aggregate amount payable at the time of application.
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 | |||
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.
The Company intends to utilize the proceeds of the Issue towards the following objects:
[Dilip Davda] The company is in the business of dealing in shares, securities, financial services, etc. It posted sudden growth in its top and bottom lines for FY23 and FY24. The RI relatively appears fully priced considering its recent market price trends. This is the 3rd RI since March 2022. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
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 20,66,73,842 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 14 2024 17:00:00 | 20,66,73,842 | 1.03x |
Advik Capital Ltd
Vikas House, 34/1
Vikas Path
East Punjabi Bagh, New Delhi -110026
New Delhi, New Delhi, 110026
Skyline Financial Services Pvt.Ltd.
The Advik Capital Rights Issue 2024 opens on Tue, Sep 24, 2024, and closes on Mon, Oct 14, 2024.
Advik Capital Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Sep 18, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Oct 1, 2024 |
| Issue Opening Date | Tue, Sep 24, 2024 |
| Issue Closing Date | Mon, Oct 14, 2024 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
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)
Steps to apply for Advik Capital Rights Issue 2024 using Registrar's website (R-WAP)
