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Rights Issue Status: Open [24th Sep 2024 to 10th Oct 2024]
Advik Capital Limited is offering a rights issue of Rs 49.95 Cr. The subscription period for this rights issue will be from 24 Sep 2024 to 04 Oct 2024. The company issues entitlement of 14 Rights equity shares for every fully paid-up 30 equity shares held on the record date of 12 Sept 2024. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs. 2.5 per share.
Stay connected with us to more about Advik Capital Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the proceeds of the Issue towards the following objects:
| Advik Capital Ltd Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 19.98 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹49.95 Cr |
| Face Value | ₹1 Per Equity Share |
| Rights Issue - Issue Price | ₹2.5 per share |
| Rights Issue Record Date | 12th Sep 2024 |
| Rights Issue Entitlement | 14 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Aggregate amount payable at the time of application. |
| Listing At | BSE |
| BSE Code | 539773 |
| NSE Code |
In this section we have covered all important dates related to Advik Capital Ltd Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 24th Sep 2024 |
| Rights Issue Issue Close Date | 10th Oct 2024 |
| Basis of Allotment Finalisation Date* | |
| Refunds Initiation* | 1st Oct 2024 |
| Credit of Shares to Demat Account* | |
| Rights Issue Listing Date* |
* - Tentative Dates
Zerodha Trade@20
Advik Capital Limited was incorporated in 1985 as "Quick Credit Limited". The company is a non-banking finance company registered with the RBI and does not accept deposits. The principal activity of the company is to provide financial credit and ancillary services related to the above business activities.
In 2013, the Company established a subsidiary named Advik Optoelectronics Limited to diversify further its activities in the field of trading and manufacturing of electronic products. Currently, the Company holds 57.99% of the total issued and paid-up share capital of Advik Optoelectronics Limited.
Advik Optoelectronics Limited is engaged in the manufacture of various types of escape signs, phosphorescent evacuation systems, photoluminescent signs, LED signs, electronic LED signs, safety clothing, traffic safety signs, luminaires, emergency lighting and equipment.
In addition, the company established a wholly-owned subsidiary called Advikca Finvest Limited in 2022, which operates in the securities market and as an investment advisor. Currently, the Company holds 100% of the total issued and paid-up share capital of Advikca Finvest Limited (nominee shareholders hold 6 shares).
Advikca Finvest Limited deals in shares, securities, rights and obligations in movable and immovable assets of all kinds, infinite technology and advanced techniques and the acquisition, purchase, sale, holding, trading, disposal or otherwise dealing in shares.
Past performance and financial results of Advik Capital Ltd .
Advik Capital Ltd's revenue increased by 40% and profit after tax (PAT) dropped by -32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 204.18 | 142.56 | 16.69 | |||||||||||||||||||||||||||
| Revenue | 848.06 | 604.37 | 46.58 | |||||||||||||||||||||||||||
| Profit After Tax | 6.36 | 9.35 | 0.44 | |||||||||||||||||||||||||||
| Net Worth | 123.45 | 67.56 | 9.58 | |||||||||||||||||||||||||||
| Total Borrowing | 78.68 | 75.13 | 4.69 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Advik Capital Ltd Rights Issue Offer Document (Letter of Offer) >>Document
Advik Capital Ltd Rights Issue Offer Document (Letter of Offer) >>Advik Capital Ltd Rights Issue Red Herring Prospectus is not yet available.
Advik Capital Ltd Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Advik Capital Ltd Rights Issue Online Application (Registrar & Transfer Agent) >>Advik Capital Ltd Rights Issue RTA information is not yet available.
Last Updated on 2024-10-05T05:32:46+00:00
