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Vikas Lifecare Limited Rights Issue (Vikas Lifecare Rights Issue) Detail

May 27, 2021 - June 10, 2021
Vikas Lifecare Limited Logo

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.

Vikas Lifecare Rights Issue Detail

Issue Open May 27, 2021 - June 10, 2021
Security Name Vikas Lifecare Limited
Issue Size (Shares) 265,398,198
Issue Size (Amount) ₹49.10 Crores
Issue Price ₹1.85 per share
Face Value ₹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

Vikas Lifecare Rights Issue Issue Timetable

Record Date May 21, 2021
Credit of Rights Entitlements May 26, 2021
Bid/Offer Opens On May 27, 2021
Renunciation of Rights Entitlements June 7, 2021
Bid/Offer Closes On June 10, 2021
Deemed Date of Allotment June 17, 2021
Credit Date June 21, 2021
Listing Date June 23, 2021

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,546.94 2,449.61 2,637.94
Total Revenue 1,588.64 2,177.69 2,008.94
Profit After Tax 13.97 20.79 14.83

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the below objects: 1. Meeting Capital Expenditure for Food Preservation and Storage Unit; 2. Meeting Working Capital Requirements; 3. Adjustment of Unsecured Loans against the Entitlement of the Promoters; 4. Prepayment of Loans availed by the Company; and 5. General Corporate Purposes.

Vikas Lifecare Rights Issue Documents

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Company Contact Information

Vikas Lifecare Limited
G-1, 34/1,
East Punjabi Bagh, New Delhi-110026


Phone: 011-40450110
Email: cs@vikaslifecarelimited.com
Website: https://www.vikaslifecarelimited.com/

Vikas Lifecare Rights Issue Registrar

  1. Alankit Assignments Ltd
    Phone: (011) 4254 1234
    Email: vllrights@alankit.com
    Website: http://ipo.alankit.com/

Vikas Lifecare Rights Issue Lead Manager(s)

Vikas Lifecare Rights Issue FAQs

The Vikas Lifecare Rights Issue opens on May 27, 2021, and closes on June 10, 2021.

Vikas Lifecare Rights Issue Schedule

Last Date for credit of Rights EntitlementsMay 26, 2021
Last Date for renunciation of Rights EntitlementsJune 7, 2021
Issue Opening DateMay 27, 2021
Issue Closing DateJune 10, 2021
Date of Allotment (on or about)June 17, 2021
Date of Credit (on or about)June 21, 2021
Date of Listing (on or about)June 23, 2021

Vikas Lifecare Rights Issue price is set at ₹1.85 per share per equity share.

The eligible shareholders are being offered 2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date (May 21, 2021).

The record date for the Vikas Lifecare Rights Issue is May 21, 2021.

The issue size of Vikas Lifecare Rights Issue is of 265,398,198 equity shares at ₹1.85 per share aggregating upto ₹49.10 Crores.

The Letter of Offer for Vikas Lifecare Rights Issue can be download here.

You can apply for Vikas Lifecare Rights Issue in two ways:

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

Steps to apply for Vikas Lifecare Rights Issue 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 Vikas Lifecare Rights Issue available on the list.
  4. Click the Apply button next to the Vikas Lifecare Rights Issue.
  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 Vikas Lifecare Rights Issue using Registrar's website (R-WAP)

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

4 Comments

4. Vineet Kumar Gupta     Link|July 20, 2021 9:15:49 PM
Good evening
Sir mere rvikas life care right issue ke 2200 share abhi tak Nahi Aaye hain please help me
Mere share aayenge ya praise vapas kab tak aayenge
Please call me
3. Narare Ramesh     Link|June 10, 2021 5:21:34 PM
Sir Maine 6995 share by keiya hai lakin RE Kai liya apply nahi ho Pa raha hai to mare holding share ki Jo prise hogi utane prise Kai new share alart Karne ke karpa kare
2. krti     Link|June 3, 2021 12:28:29 AM
I am trying to register through vikas life website> rights issue. However it says- "account not found" I tried filling folio/ dp id/ client id all!! Please help
1. srinivasa krishnappa     Link|June 2, 2021 7:30:38 PM
SIR I AM SRINIVASA KRISHNAPPA I GOT 5645 SHARE IN RE
I WANT TO ADD IT IN MY ACCOUNT , PLEASE SEND ME DETALS
HOW CAN BUY IT AND PLEASE TELL ME THE COMPANY FUTURE



THANK YOU BY SRINIVASA KRISHNAPPA

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