₹49.12 Crores | Listing at BSE, NSE | Tue, Jun 15, 2021 - Tue, Jun 29, 2021
Vikas Ecotech Limited Rights Issue comprises 36.39 Cr equity shares aggregating to ₹49.12 Cr, offered at an issue price of ₹1.35 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Jun 10, 2021.
As per the terms of payment, ₹1.35 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 12, 2021.
The Rights Issue opens on Jun 15, 2021 and closes on Jun 29, 2021.
The deemed date of allotment is Jul 5, 2021, following which the equity shares are expected to be credited to demat accounts on Jul 7, 2021 and listed on NSE and BSE on Jul 7, 2021.
Mark Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Alankit Assignments 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, Jun 10, 2021
Entitlement Ratio
:
Open Date
Tue, Jun 15, 2021
Close Date
Tue, Jun 29, 2021
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 3,451.26 | 3,912.43 | |
| Total Revenue | 1,991.96 | 2,592.44 | |
| Profit After Tax | 10.18 | 150.05 | |
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. The company is recognized with two-star house by the office of the Additional Director General of Foreign Trade.
[Dilip Davda] Considering its last 21 months’ financial data, it is suffering a severe setback and at the offer price, the rights issue is priced exorbitantly. There is no harm in staying away from this offer. Read detail review...
Vikas Ecotech Limited
34/1 Vikas Apartments,
East Punjabi Bagh,
Delhi - 110026
Delhi, New Delhi, 110026
The Vikas Ecotech Rights Issue opens on Tue, Jun 15, 2021, and closes on Tue, Jun 29, 2021.
Vikas Ecotech Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Sat, Jun 12, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Jun 23, 2021 |
| Issue Opening Date | Tue, Jun 15, 2021 |
| Issue Closing Date | Tue, Jun 29, 2021 |
| Date of Allotment (on or about) | Mon, Jul 5, 2021 |
| Date of Credit (on or about) | Wed, Jul 7, 2021 |
| Date of Listing (on or about) | Wed, Jul 7, 2021 |
You can apply for Vikas Ecotech Rights Issue in two ways:
Steps to apply for Vikas Ecotech Rights Issue using Net Banking (ASBA)
Steps to apply for Vikas Ecotech Rights Issue using Registrar's website (R-WAP)
