Vikas Ecotech Rights Issue

Vikas Ecotech Rights Issue details

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Vikas Ecotech Rights Issue will open for subscription from 15 June 2021. the company aims for an issue size of ₹49.12 Crores through this rights Issue.

Vikas Ecotech Limited

VEL 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 a two-star house by the office of the Additional Director General of Foreign Trade.

Objects of the Issue

  • Adjustment of Unsecured Loans against the Entitlement of the Promoters.
  • General Corporate Purposes.
  • Meeting Working Capital Requirements.
  • Partial repayment of Loans availed by the Company.

Vikas Ecotech Rights Issue Issue Timetable

Bid/Offer Opens On15 June 2021
Bid/Offer Closes On29 June 2021
Record Date10 June 2021
Deemed Date of Allotment05 July 2021
Renunciation of Rights Entitlements23 July 2021

Vikas Ecotech Rights Issue Detail

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
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

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
Total Assets3,451.263,912.43
Total Revenue1,991.962,592.44
Profit After Tax10.18150.05

Vikas Ecotech Rights Issue Registrar

Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055

Phone: (011) 4254 1234

Company Contact Information

Vikas Ecotech Limited
34/1 Vikas Apartments,
East Punjabi Bagh,
Delhi – 110026
Phone: +91-11-43144444

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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