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

November 10, 2021 - November 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 November 10, 2021 - November 24, 2021
Security Name Vikas Lifecare Limited
Issue Size (Shares) 176,932,132
Issue Size (Amount) ₹49.54 Crores
Issue Price ₹2.8 per share
Face Value ₹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

Record Date November 1, 2021
Credit of Rights Entitlements November 3, 2021
Bid/Offer Opens On November 10, 2021
Renunciation of Rights Entitlements October 18, 2021
Bid/Offer Closes On November 24, 2021
Deemed Date of Allotment December 6, 2021
Credit Date December 7, 2021
Listing Date December 8, 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: https://ipo.bigshareonline.com/ipo_status.html

Vikas Lifecare Limited Rights Issue Lead Manager(s)

Vikas Lifecare Limited Rights Issue FAQs

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

Vikas Lifecare Limited Rights Issue Schedule

Last Date for credit of Rights EntitlementsNovember 3, 2021
Last Date for renunciation of Rights EntitlementsOctober 18, 2021
Issue Opening DateNovember 10, 2021
Issue Closing DateNovember 24, 2021
Date of Allotment (on or about)December 6, 2021
Date of Credit (on or about)December 7, 2021
Date of Listing (on or about)December 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. (November 1, 2021).

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

The issue size of Vikas Lifecare Limited Rights Issue is of 176,932,132 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.

17 Comments

17. vats     Link|January 21, 2022 11:22:49 AM
Can anyone guide me as to how to pay call money for vikas life care using ASBA in icicibank/ icicidirect? Need the relevant link as well. Thanks
17.3. ZHAMSING SEVGAN     Link|January 25, 2022 12:51:00 PM
ICICI NOT LISTED VIKAS LIFECARE CALL MONEY SAME PROBLEM ARISES BIG PROBLEM PLEASE SUGGEST
17.4. DS     Link|January 30, 2022 9:50:10 AM
Same issue. Can we pay through alternate account and still get the issue?
16. Anand ranka     Link|January 26, 2022 7:12:24 PM
I m holding 70000 share I havnt check mail in November can I apply now for right issue by paying both first and final call money
15. Ananth     Link|January 7, 2022 10:54:58 AM
Right issue applied fr 700 shares that is showing me in demat as seperate stock do i need to buy them again or how
15.1. INDRABa vaghela     Link|January 23, 2022 11:18:52 AM
Rightissue ki link bhejo
14. NILESH MULJI UDESHI     Link|January 23, 2022 10:39:44 AM
This not good. Application Money of Right issue taken online through Net Banking but First and Final Call money want to Manually.
13. Sorubamoorthy     Link|December 1, 2021 9:00:13 AM
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.
13.1. ST     Link|December 1, 2021 3:38:23 PM
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.
13.2. Prasad     Link|January 22, 2022 9:35:48 PM
I have brought10thousand shares worth9000 Rs pls any solution
12. OM Prakash Ahuja     Link|January 21, 2022 4:25:20 PM
Please provide link for making on line payment of call money in respect of right equity shares allottedby Vikas Life Care Limited.
11. Prabhaat     Link|January 18, 2022 7:00:13 AM
Any call money options available for vikas life final call money
11.1. 🙏 Verma Ji 🙏     Link|January 19, 2022 2:42:22 PM
Call money option will be available from 20th Jan
10. VINU MODI     Link|January 18, 2022 6:51:24 AM
is there facility for final call payments in Right issue like R-WAP or any link except cheque/DD ?
10.1. 🙏 Verma Ji 🙏     Link|January 19, 2022 2:41:43 PM
You can pay through bank ASBA
9. Ramesh     Link|December 6, 2021 5:08:15 PM
Any get the shares of vikas life care ltd that is purchase during the second right issue process ,date was 6,Dec 2021
9.2. Vivek     Link|December 7, 2021 12:00:35 PM
I am also waiting for right issue share ..if it is not allotted ,How amount get refund ?
9.3. Rakaa     Link|January 9, 2022 10:47:26 AM
I am also waiting. Not yet got any right shares in my demar.
8. Anup Chandran     Link|November 25, 2021 12:35:36 PM
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     Link|November 26, 2021 9:57:20 AM

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     Link|November 24, 2021 9:35:36 PM
Can anyone help me how to apply additional purchased re-issue shares.
6. Charitra Kumar     Link|November 24, 2021 11:50:34 AM
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     Link|November 23, 2021 9:22:27 PM
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     Link|November 23, 2021 1:39:59 PM
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     Link|November 18, 2021 12:28:04 PM
I apply online.
They ask Enter Composite Application Form No.
How can find this number.
Pl advise any one
3.1. DINESH     Link|November 23, 2021 12:27:58 PM
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     Link|November 22, 2021 11:44:30 AM
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     Link|November 16, 2021 7:39:37 PM
Will these rights shares be tradeable (I ask because they are partly paid up).

Thanks

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