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 On||May 27, 2021|
|Bid/Offer Closes On||Jun 10, 2021|
|Record Date||May 21, 2021|
|Deemed Date of Allotment||Jun 17, 2021|
|Renunciation of Rights Entitlements||Jun 7, 2021|
Vikas Lifecare Rights Issue Detail
|Issue Open||May 27, 2021 – Jun 10, 2021|
|Security Name||Vikas 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 Lot||1 per share|
|Listing At||BSE, NSE|
|Terms of Payment||The full amount of Rs.1.85 per Rights Equity Share is payable on Application.|
|Entitlement||2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date|
|Particulars||For the year/period ended (Rs. in Millions)|
|Profit After Tax||13.97||20.79||14.83|
Vikas Lifecare Rights Issue Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
New Delhi – 110055
Phone: (011) 4254 1234
Company Contact Information
Vikas Lifecare Limited
East Punjabi Bagh, New Delhi-110026
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.