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

May 27, 2021 - Jun 10, 2021

Vikas Lifecare Limited (VLL- formerly known as Vikas Multicorp 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 Rights Issue Detail

Issue OpenMay 27, 2021 - Jun 10, 2021
Security NameVikas Lifecare Limited
Issue Size (Shares)26.54 Crores
Issue Size (Amount)₹49.10 Crores
Issue Price₹1.85 per share
Face Value₹1 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs.1.85 per Rights Equity Share is payable on Application.
Entitlement2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date

Vikas Lifecare Rights Issue Issue Timetable

Bid/Offer Opens OnMay 27, 2021
Bid/Offer Closes OnJun 10, 2021
Record DateMay 21, 2021
Deemed Date of AllotmentJun 17, 2021
Renunciation of Rights EntitlementsJun 7, 2021

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,546.94 2,449.61 2,637.94
Total Revenue 1,588.64 2,177.69 2,008.94
Profit After Tax 13.97 20.79 14.83

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the below objects:
1. Meeting Capital Expenditure for Food Preservation and Storage Unit;
2. Meeting Working Capital Requirements;
3. Adjustment of Unsecured Loans against the Entitlement of the Promoters;
4. Prepayment of Loans availed by the Company; and
5. General Corporate Purposes.

Vikas Lifecare Rights Issue Documents

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Company Contact Information

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


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

Vikas Lifecare Rights Issue Registrar

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

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

Vikas Lifecare Rights Issue Lead Manager(s)

Vikas Lifecare Rights Issue FAQs

  1. When is Vikas Lifecare Rights Issue coming?

    The Vikas Lifecare Rights Issue opens on May 27, 2021, and closes on Jun 10, 2021.

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

    Vikas Lifecare Rights Issue Schedule

    Last Date for credit of Rights EntitlementsMay 26, 2021
    Last Date for renunciation of Rights EntitlementsJun 7, 2021
    Issue Opening DateMay 27, 2021
    Issue Closing DateJun 10, 2021
    Date of Allotment (on or about)Jun 17, 2021
    Date of Credit (on or about)Jun 21, 2021
    Date of Listing (on or about)Jun 23, 2021
  3. What is the issue price for Vikas Lifecare Rights Issue?

    Vikas Lifecare Rights Issue price is set at ₹1.85 per share per equity share.

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

    The eligible shareholders are being offered 2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date (May 21, 2021).

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

    The record date for the Vikas Lifecare Rights Issue is May 21, 2021.

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

    The issue size of Vikas Lifecare Rights Issue is of 26.54 Crores equity shares at ₹1.85 per share aggregating upto ₹49.10 Crores.

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

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

  8. How to apply for Vikas Lifecare Rights Issue?

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

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

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

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

3 Comments

Narare Ramesh
3. Narare Ramesh  Jun 10, 2021 16:21 I Like It. | Report Abuse Reply
Sir Maine 6995 share by keiya hai lakin RE Kai liya apply nahi ho Pa raha hai to mare holding share ki Jo prise hogi utane prise Kai new share alart Karne ke karpa kare
krti
2. krti  Jun 2, 2021 23:28 I Like It. | Report Abuse Reply
I am trying to register through vikas life website> rights issue. However it says- "account not found" I tried filling folio/ dp id/ client id all!! Please help
srinivasa krishnappa
1. srinivasa krishnappa  Jun 2, 2021 18:30 I Like It. | Report Abuse Reply
SIR I AM SRINIVASA KRISHNAPPA I GOT 5645 SHARE IN RE
I WANT TO ADD IT IN MY ACCOUNT , PLEASE SEND ME DETALS
HOW CAN BUY IT AND PLEASE TELL ME THE COMPANY FUTURE



THANK YOU BY SRINIVASA KRISHNAPPA








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