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

Jun 15, 2021 - Jun 29, 2021

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 OpenJun 15, 2021 - Jun 29, 2021
Security NameVikas Ecotech Limited
Issue Size (Shares)36.39 Crores
Issue Size (Amount)₹49.12 Crores
Issue Price₹1.35 per share
Face Value₹1 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs.1.35 per Rights Equity Share is payable on Application.
Entitlement13 Equity Share for every 10 Fully paid up Equity Shares held on the Record Date

Vikas Ecotech Rights Issue Issue Timetable

Bid/Offer Opens OnJun 15, 2021
Bid/Offer Closes OnJun 29, 2021
Record DateJun 10, 2021
Deemed Date of AllotmentJul 5, 2021
Renunciation of Rights EntitlementsJun 23, 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

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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
Email: cs@vikasecotech.com
Website: http://vikasecotech.com/

Vikas Ecotech Rights Issue Registrar

  1. Alankit Assignments Ltd
       Alankit House 2E/21,
       Jhandewalan Extension,
       New Delhi - 110055

    Phone: (011) 4254 1234
    Email: velrights@alankit.com
    Website: https://www.alankit.com/

Vikas Ecotech Rights Issue Lead Manager(s)

Vikas Ecotech Rights Issue FAQs

  1. When is Vikas Ecotech Rights Issue coming?

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

  2. What is the schedule for Vikas Ecotech Rights Issue?

    Vikas Ecotech Rights Issue Schedule

    Last Date for credit of Rights EntitlementsJun 12, 2021
    Last Date for renunciation of Rights EntitlementsJun 23, 2021
    Issue Opening DateJun 15, 2021
    Issue Closing DateJun 29, 2021
    Date of Allotment (on or about)Jul 5, 2021
    Date of Credit (on or about)Jul 7, 2021
    Date of Listing (on or about)Jul 7, 2021
  3. What is the issue price for Vikas Ecotech Rights Issue?

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

  4. In what ratio is the Vikas Ecotech Rights Issue offered?

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

  5. What is the record date for Vikas Ecotech Rights Issue?

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

  6. What is the issue size of Vikas Ecotech Rights Issue?

    The issue size of Vikas Ecotech Rights Issue is of 36.39 Crores equity shares at ₹1.35 per share aggregating upto ₹49.12 Crores.

  7. Where can I get the Letter of Offer for Vikas Ecotech Rights Issue?

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

  8. How to apply for Vikas Ecotech Rights Issue?

    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 Comments

iRFAN kHAN
1. iRFAN kHAN  Jun 13, 2021 00:14 I Like It. | Report Abuse Reply
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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