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Vikas Ecotech Limited Rights Issue (Vikas Ecotech Rights Issue) Detail

June 15, 2021 - June 29, 2021
Vikas Ecotech Limited Logo

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.

Vikas Ecotech Rights Issue Detail

Issue Open June 15, 2021 - June 29, 2021
Security Name Vikas Ecotech Limited
Issue Size (Shares) 363,869,577
Issue Size (Amount) ₹49.12 Crores
Issue Price ₹1.35 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs.1.35 per Rights Equity Share is payable on Application.
Entitlement 13 Equity Share for every 10 Fully paid up Equity Shares held on the Record Date

Vikas Ecotech Rights Issue Issue Timetable

Record Date June 10, 2021
Credit of Rights Entitlements June 12, 2021
Bid/Offer Opens On June 15, 2021
Renunciation of Rights Entitlements June 23, 2021
Bid/Offer Closes On June 29, 2021
Deemed Date of Allotment July 5, 2021
Credit Date July 7, 2021
Listing Date July 7, 2021

Company Financials

Summary of financial Information (Standalone)
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

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the below objects: 1. Meeting Working Capital Requirements; 2. Adjustment of Unsecured Loans against the Entitlement of the Promoters; 3. Partial repayment of Loans availed by the Company; and 4. General Corporate Purposes.

Vikas Ecotech Rights Issue Documents

Vikas Ecotech Rights Issue Rating

Rating:Rated 3.6 stars
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Vikas Ecotech Rights Issue Reviews

Company Contact Information

Vikas Ecotech Limited
34/1 Vikas Apartments,
East Punjabi Bagh,
Delhi - 110026

Phone: +91-11-43144444

Vikas Ecotech Rights Issue Registrar

  1. Alankit Assignments Ltd
    Phone: (011) 4254 1234

Vikas Ecotech Rights Issue Lead Manager(s)

Vikas Ecotech Rights Issue FAQs

The Vikas Ecotech Rights Issue opens on June 15, 2021, and closes on June 29, 2021.

Vikas Ecotech Rights Issue Schedule

Last Date for credit of Rights EntitlementsJune 12, 2021
Last Date for renunciation of Rights EntitlementsJune 23, 2021
Issue Opening DateJune 15, 2021
Issue Closing DateJune 29, 2021
Date of Allotment (on or about)July 5, 2021
Date of Credit (on or about)July 7, 2021
Date of Listing (on or about)July 7, 2021

Vikas Ecotech Rights Issue price is set at ₹1.35 per share per equity share.

The eligible shareholders are being offered 13 Equity Share for every 10 Fully paid up Equity Shares held on the Record Date (June 10, 2021).

The record date for the Vikas Ecotech Rights Issue is June 10, 2021.

The issue size of Vikas Ecotech Rights Issue is of 363,869,577 equity shares at ₹1.35 per share aggregating upto ₹49.12 Crores.

The Letter of Offer for Vikas Ecotech Rights Issue can be download here.

You can apply for Vikas Ecotech Rights Issue in two ways:

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

Steps to apply for Vikas Ecotech Rights Issue 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 Vikas Ecotech Rights Issue available on the list.
  4. Click the Apply button next to the Vikas Ecotech Rights Issue.
  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 Vikas Ecotech Rights Issue using Registrar's website (R-WAP)

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


1. iRFAN kHAN     Link|June 13, 2021 12:14:51 AM
Share is trading at 2.24 with UC, what is the harm in applying for RE @ 1.35
* I have 3000 share of it @2 & 4900RE credited to my DP ac

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