Vikas Lifecare Rights Issue

Vikas Lifecare Rights Issue Details

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Vikas Lifecare Rights Issue will open for subscription from 27 may 2021. the company aims for an issue size of ₹49.10 Crores through this rights issue.

Vikas Lifecare Limited

VLL (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.

Objects of the Issue

  • Meeting Capital Expenditure for Food Preservation and Storage Unit.
  • Meeting Working Capital Requirements.
  • Adjustment of Unsecured Loans against the Entitlement of the Promoters.
  • Prepayment of Loans availed by the Company.
  • General Corporate Purposes.

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

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
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

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
Total Assets2,546.942,449.612,637.94
Total Revenue1,588.642,177.692,008.94
Profit After Tax13.9720.7914.83

Vikas Lifecare Rights Issue Registrar

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

Phone: (011) 4254 1234

Company Contact Information

Vikas Lifecare Limited
G-1, 34/1,
East Punjabi Bagh, New Delhi-110026
Phone: 011-40450110

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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