Vikas Lifecare Limited Right Issue

₹49.10 Cr BSE, NSE 27 May 2021 – 10 Jun 2021

Closed Ratio: 2 : 5 BSE, NSE
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Issue Price
₹1.85
Face Value
₹1.00
Issue Size (Shares)
265,398,198
Issue Size (₹ Cr.)
₹49.10
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, May 21, 2021
Credit of Rights EntitlementsWed, May 26, 2021
Bid/Offer Opens OnThu, May 27, 2021
Issue Open DateThu, May 27, 2021
Renunciation Last DateMon, Jun 7, 2021
Bid/Offer Closes OnThu, Jun 10, 2021
Issue Close DateThu, Jun 10, 2021
Deemed Date of AllotmentThu, Jun 17, 2021
Credit DateMon, Jun 21, 2021
Listing DateWed, Jun 23, 2021
📋 Right Issue Details
Issue Size (Shares)265,398,198
Issue Size (Amount)₹49.10 Cr.
Issue Price₹1.85 per share
Face Value₹1.00 per share
Entitlement Ratio2 : 5
Listing AtBSE, NSE
Terms of Payment₹1.85 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2020-03-312019-03-312018-03-31
Income1,588.642,177.692,008.94
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Meeting Capital Expenditure for Food Preservation and Storage Unit;
2Meeting Working Capital Requirements
3Adjustment of Unsecured Loans against the Entitlement of the Promoters
4Prepayment of Loans availed by the Company;
🏢 About the Company
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.
📞 Company Contact
CompanyVikas Lifecare Limited
AddressG-1, 34/1,
East Punjabi Bagh, New Delhi-110026
Phone011-40450110
Emailcs@vikaslifecarelimited.com
WebsiteVisit ↗
📝 Registrar
NameAlankit Assignments Ltd
Phone011-42541234
Emailvllrights@alankit.com
WebsiteVisit ↗