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Advik Capital Ltd Rights Issue (Advik Capital Rights Issue 2024) Detail

September 24, 2024 - October 4, 2024
Advik Capital Ltd Logo

Incorporated in 1985, Advik Capital Limited is a non-deposit-taking non-banking financial company (NBFC) registered with RBI.

The company is engaged primarily in the business of investing funds, assisting the financial accommodation by way of loans/advances to industrial concerns, and undertaking the business of leasing and to finance lease operations of all kinds, purchasing, selling, hiring, or letting on hire or all kinds of plant and machinery.

The Company has one Subsidiary Company and one Group Company, named as:

  1. Advik Optoelectronics Limited: It is a manufacturing unit of LED lights, LED Signages, LED Emergency Lights & all other types of signages.
  1. Advik Global Limited: The Company is a trading company. Take Government tenders and engage in the import and export field.

The Company was incorporated as Quick Credit Limited in 1985 and was registered with RBI as NBFC. The company has undergone capital restructuring and vide High Court Order, the name of the company was changed From Quick Credit Limited to Du-Lite Industries Limited. Further, the company changed From Du-Lite Industries Limited to Advik Industries Limited w.e.f 24.02.2011. As per the direction of RBI, New Delhi, the Company has changed its name from "Advik Industries Limited" to "Advik Capital Limited" w.e.f 07/07/2017.

Advik Capital Rights Issue 2024 Detail

Issue Open September 24, 2024 - October 4, 2024
Security Name Advik Capital Ltd
Issue Size (Shares) 199,805,013
Issue Size (Amount) ₹49.95 Crores
Issue Price ₹2.5 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Aggregate amount payable at the time of application.

Entitlement 14 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date

Advik Capital Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 11, 2024
Record Date September 12, 2024
Credit of Rights Entitlements September 18, 2024
Bid/Offer Opens On September 24, 2024
Renunciation of Rights Entitlements October 1, 2024
Bid/Offer Closes On October 4, 2024
Deemed Date of Allotment October 9, 2024
Credit Date October 11, 2024
Listing Date October 15, 2024

Company Financials

Advik Capital Ltd Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets204.18142.5616.69
Revenue848.06604.3746.58
Profit After Tax6.369.350.44
Net Worth123.4567.569.58
Total Borrowing78.6875.134.69
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds of the Issue towards the following objects:

  1. To augment the capital base and increase the operational scale with respect to the NBFC activities; and
  2. General Corporate Purposes.

Advik Capital Rights Issue 2024 Subscription Status

Advik Capital Rights Issue 2024 is subscribed 0.04 times as on September 26, 2024 5:00:00 PM. The total bid quantity received by BSE is 7,478,784 shares.

Advik Capital Rights Issue 2024 Documents

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Company Contact Information

Advik Capital Ltd
Vikas House, 34/1
Vikas Path
East Punjabi Bagh, New Delhi -110026

Phone: 919289119981
Email: info@advikcapital.com
Website: http://advikcapital.com/

Advik Capital Rights Issue 2024 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Advik Capital Rights Issue 2024 Lead Manager(s)

Find Advik Capital Rights Issue 2024 Latest Update

Advik Capital Rights Issue 2024 FAQs

The Advik Capital Rights Issue 2024 opens on September 24, 2024, and closes on October 4, 2024.

Advik Capital Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 18, 2024
Last Date for renunciation of Rights EntitlementsOctober 1, 2024
Issue Opening DateSeptember 24, 2024
Issue Closing DateOctober 4, 2024
Date of Allotment (on or about)October 9, 2024
Date of Credit (on or about)October 11, 2024
Date of Listing (on or about)October 15, 2024

Advik Capital Rights Issue 2024 price is set at ₹2.5 per share per equity share.

The eligible shareholders are being offered 14 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date (September 12, 2024).

The record date for the Advik Capital Rights Issue 2024 is September 12, 2024.

The issue size of Advik Capital Rights Issue 2024 is of 199,805,013 equity shares at ₹2.5 per share aggregating upto ₹49.95 Crores.

The Letter of Offer for Advik Capital Rights Issue 2024 can be download here.

You can apply for Advik Capital Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Advik Capital Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Advik Capital Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Advik Capital Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Advik Capital Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Advik Capital Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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