₹49.44 Crores | Listing at BSE, NSE | Tue, Dec 7, 2021 - Tue, Dec 21, 2021
Vikas Ecotech Limited Rights Issue comprises 30.90 Cr equity shares aggregating to ₹49.44 Cr, offered at an issue price of ₹1.6 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Nov 25, 2021.
As per the terms of payment, ₹1.6 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 30, 2021.
The Rights Issue opens on Dec 7, 2021, and closes on Dec 21, 2021, with renunciation of Rights Entitlements permitted up to Dec 15, 2021.
The deemed date of allotment is Dec 29, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 30, 2021 and listed on NSE and BSE on Dec 30, 2021.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vikas Ecotech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Nov 25, 2021
Entitlement Ratio
:
Open Date
Tue, Dec 7, 2021
Close Date
Tue, Dec 21, 2021
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 3,257.14 | 3,455.24 | |
| Total Revenue | 1,207.35 | 1,991.96 | |
| Profit After Tax | -143.50 | 10.18 | |
Vikas Ecotech Limited is an ISO-certified company engaged in the manufacture of Specialty Chemicals Additives and Specialty rubber-plastic and polymer Compound with manufacturing facilities located at Shahjahanpur (Rajasthan) and Noida SEZ (Uttar Pradesh).
The company products cater to various industries such as agriculture and infrastructure, packaging, organic and inorganic chemicals, electrical, FMCG, footwear, pharmaceuticals, automotive, medical devices and components, and other consumer goods in the domestic and global markets. Company's Organotin Stabilizers are US FDA compliant, giving them an opportunity to export it's products to countries including US, Africa, Europe and Asia.
[Dilip Davda] Stay away from this operator based counters wherein, second rights issue within a span of just seven months raises concern. Its financial performance too not match its asking price. Read detail review...
Vikas Ecotech Limited
34/1 Vikas Apartments,
East Punjabi Bagh,
Delhi - 110026
Delhi, New Delhi, 110026
The Vikas Ecotech Limited Rights Issue opens on Tue, Dec 7, 2021, and closes on Tue, Dec 21, 2021.
Vikas Ecotech Limited Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Tue, Nov 30, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Dec 15, 2021 |
| Issue Opening Date | Tue, Dec 7, 2021 |
| Issue Closing Date | Tue, Dec 21, 2021 |
| Date of Allotment (on or about) | Wed, Dec 29, 2021 |
| Date of Credit (on or about) | Thu, Dec 30, 2021 |
| Date of Listing (on or about) | Thu, Dec 30, 2021 |
You can apply for Vikas Ecotech Limited Rights Issue in two ways:
Steps to apply for Vikas Ecotech Limited Rights Issue using Net Banking (ASBA)
Steps to apply for Vikas Ecotech Limited Rights Issue using Registrar's website (R-WAP)
