₹49.54 Crores | Listing at BSE, NSE | Wed, Nov 10, 2021 - Wed, Nov 24, 2021
Vikas Lifecare Limited Rights Issue comprises 17.69 Cr equity shares aggregating to ₹49.54 Cr, offered at an issue price of ₹2.8 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Nov 1, 2021.
As per the terms of payment, ₹2.8 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 3, 2021.
The Rights Issue opens on Nov 10, 2021 and closes on Nov 24, 2021.
The deemed date of allotment is Dec 6, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 7, 2021 and listed on NSE and BSE on Dec 8, 2021.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vikas Lifecare Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Nov 1, 2021
Entitlement Ratio
:
Open Date
Wed, Nov 10, 2021
Close Date
Wed, Nov 24, 2021
| 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 | |
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.
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.
[Dilip Davda] The company has been shifting its focus to non-related areas and raising funds from the market. Its declining promoters’ holding raises eyebrows. Second RI within a year also raises concerns. The company has changed its registrar for this RI and has altogether skipped the Lead Manager’s mandate. According to market sources, this is an operator based counter. Only risk seekers may consider investment, others can just avoid it. Read detail review...
Vikas Lifecare Limited
G-1, 34/1,
East Punjabi Bagh,
New Delhi-110026, India
New Delhi, New Delhi, 110026
The Vikas Lifecare Limited Rights Issue opens on Wed, Nov 10, 2021, and closes on Wed, Nov 24, 2021.
Vikas Lifecare Limited Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Wed, Nov 3, 2021 |
| Last Date for renunciation of Rights Entitlements | Mon, Oct 18, 2021 |
| Issue Opening Date | Wed, Nov 10, 2021 |
| Issue Closing Date | Wed, Nov 24, 2021 |
| Date of Allotment (on or about) | Mon, Dec 6, 2021 |
| Date of Credit (on or about) | Tue, Dec 7, 2021 |
| Date of Listing (on or about) | Wed, Dec 8, 2021 |
You can apply for Vikas Lifecare Limited Rights Issue in two ways:
Steps to apply for Vikas Lifecare Limited Rights Issue using Net Banking (ASBA)
Steps to apply for Vikas Lifecare Limited Rights Issue using Registrar's website (R-WAP)
