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Vikas Lifecare Limited Rights Issue (Vikas Lifecare Limited Rights Issue) Detail

Nov 10, 2021 - Nov 24, 2021
Vikas Lifecare Limited Logo

Vikas Lifecare Limited is primarily engaged in recycling Plastic Waste and trading Polymer Compounds. The company also plans to venture into the FMCG industry. To achieve this business strategy, the company has recently started dealing in raw and finished cashew nuts.

VLL is an ISO-certified company manufacturing PVC Compounds, additives & chemicals required for plastic processing at their manufacturing unit located in Alwar, Rajasthan. The company products cater to various industries such as agriculture and infrastructure, packaging, organic and inorganic chemicals, electrical, FMCG, footwear, pharmaceuticals, automotive, and other consumer goods.

Vikas Lifecare Limited Rights Issue Detail

Issue Open Nov 10, 2021 - Nov 24, 2021
Security Name Vikas Lifecare Limited
Issue Size (Shares) 17.69 Crores
Issue Size (Amount) ₹49.54 Crores
Issue Price ₹2.8 per share
Face Value ₹1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment ₹1.10 per rights equity share payable on application and the balance ₹1.70 per rights equity share payable on call (one or more) as determined by the board at its sole discretion, from time to time.
Entitlement 4 equity share for every 21 fully paid-up equity shares held on the record date.

Vikas Lifecare Limited Rights Issue Issue Timetable

Bid/Offer Opens On Nov 10, 2021
Bid/Offer Closes On Nov 24, 2021
Record Date Nov 1, 2021
Deemed Date of Allotment Dec 6, 2021
Renunciation of Rights Entitlements Oct 18, 2021

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
  31-Mar-21 31-Mar-20
Total Assets 1,489.51 2,546.94
Total Income 760.10 1,582.86
Profit After Tax (35.02) 13.97

Objects of the Issue:

The proceeds from the issue will be utilized towards funding of the following objects:
1. Meeting capital expenditure for acquisition of agricultural land for argo product division.
2. Meeting working capital requirements.
3. General corporate purposes.

Vikas Lifecare Limited Rights Issue Documents

Vikas Lifecare Limited Rights Issue Rating

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Vikas Lifecare Limited Rights Issue Reviews

Company Contact Information

Vikas Lifecare Limited
G-1, 34/1,
East Punjabi Bagh,
New Delhi-110026, India

Phone: 011-40450110
Email: cs@vikaslifecarelimited.com
Website: https://www.vikaslifecarelimited.com/

Vikas Lifecare Limited Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: http://www.bigshareonline.com

Vikas Lifecare Limited Rights Issue Lead Manager(s)

Vikas Lifecare Limited Rights Issue FAQs

The Vikas Lifecare Limited Rights Issue opens on Nov 10, 2021, and closes on Nov 24, 2021.

Vikas Lifecare Limited Rights Issue Schedule

Last Date for credit of Rights EntitlementsNov 3, 2021
Last Date for renunciation of Rights EntitlementsOct 18, 2021
Issue Opening DateNov 10, 2021
Issue Closing DateNov 24, 2021
Date of Allotment (on or about)Dec 6, 2021
Date of Credit (on or about)Dec 7, 2021
Date of Listing (on or about)Dec 8, 2021

Vikas Lifecare Limited Rights Issue price is set at ₹2.8 per share per equity share.

The eligible shareholders are being offered 4 equity share for every 21 fully paid-up equity shares held on the record date. (Nov 1, 2021).

The record date for the Vikas Lifecare Limited Rights Issue is Nov 1, 2021.

The issue size of Vikas Lifecare Limited Rights Issue is of 17.69 Crores equity shares at ₹2.8 per share aggregating upto ₹49.54 Crores.

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

You can apply for Vikas Lifecare Limited Rights Issue in two ways:

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

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

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

9 Comments

9. Sorubamoorthy  Dec 1, 2021 10:00:13 AM I Like It. | Report Abuse Reply
I had holdings of VLIFE-RE1-R quantity 6801 worth rs.3999.61.

As I discussed with Zerodha this share has a right issue and suspended by RBI.

Can you pls share with me the process to get back my invested on this share.
9.1. ST  Dec 1, 2021 4:38:23 PM I Like It. | Report Abuse
I assume you had holding of 6801 RE (rights entitlement). Now if you had not sold these VLIFE-RE1-R by the end of renunciation date deadline then these shares are lapsed now. Alternatively if you applied for rights before rights issue closing date by making payment of application money then these will be allotted to you by Dec 6,2021. Your main shares based on which you got rights entitlement(RE) would anyway remain intact.
8. Anup Chandran  Nov 25, 2021 1:35:36 PM I Like It. | Report Abuse Reply
Hello,

I am a novice in the field of share market. I had purchased 10004 RE units thinking it to be a tradable share like any other. On 24th Nov 7.30 pm, i received mail from CDSL stating that subscription or renunciation has to be done. Today, once i went behind this issue, did i find the true story behind this RE scheme.

Now i understand that i wont be allotted any shares as i have not subscribed to any shares after doing the purchase during the alotted, which is understandable.

I would like to know that how i can get a refund for the money i had submitted to make the purchase as no units will be allotted to me during the allotment phase on December 6th. If the money submitted is not being refunded, this would fall as a money making scheme by the company / registrar. Because whenever i am calling your customer care, i am getting response that the money i have submitted will be lost completely.
Please advice.
8.1. GAJENDHRAN  Nov 26, 2021 10:57:20 AM I Like It. | Report Abuse

I purchase Vlife re share 20000 18-11-2021 but not show the axis direct app vlife re share open date pls
7. Bijayananda Panigrahi  Nov 24, 2021 10:35:36 PM I Like It. | Report Abuse Reply
Can anyone help me how to apply additional purchased re-issue shares.
6. Charitra Kumar  Nov 24, 2021 12:50:34 PM I Like It. | Report Abuse Reply
bought nearly 1000 shares @Rs.0.50 average price .if yes what is the process to apply those rights issue shares. Please help me as the last date was 24th Nov. THANKING YOU
5. Hussain  Nov 23, 2021 10:22:27 PM I Like It. | Report Abuse Reply
Hello, I had applied for Vikas Life RE, company allotted me 571shared and I bought 15000shares more, but from yesterday I can't see Vikas Life RE in my portfolio and Money also I didn't get back, why?
4. Nilesh Kawle  Nov 23, 2021 2:39:59 PM I Like It. | Report Abuse Reply
Hello, I had applied for Vikas Life RE, company allotted me 19 shared and I bought 1000 shares more, but from yesterday I can't see Vikas Life RE in my portfolio and Money also I didn't get back, why?
3. Ravi Sheth  Nov 18, 2021 1:28:04 PM I Like It. | Report Abuse Reply
I apply online.
They ask Enter Composite Application Form No.
How can find this number.
Pl advise any one
3.1. DINESH  Nov 23, 2021 1:27:58 PM I Like It. | Report Abuse
a right issue for has been dispatched to you and such form has an application form number that you have to put here..
2. Rambabu  Nov 22, 2021 12:44:30 PM I Like It. | Report Abuse Reply
I bought nearly 45000 shares @Rs.0.70 average price .now each share is Rs 1.1 and also some amount have to pay extra by call they are saying.my query is if again I will buy those shares,will company allot me my past 45000 shares and present right issue shares or not .if yes what is the process to apply those rights issue shares. Please help me as the last date was 24th Nov. THANKING YOU
1. pc  Nov 16, 2021 8:39:37 PM I Like It. | Report Abuse Reply
Will these rights shares be tradeable (I ask because they are partly paid up).

Thanks