Advik Capital Limited Rights Issue: What You Need to Know

1. Advik Capital Rights Issue bid opens on September 24, 2024.
2. The Rights Issue size is Rs 49.95 crore.
3. The upcoming issue’s price is set at Rs 2.5 per share.
4. The bid offer closes on October 4, 2024.

Advik Capital Limited Rights Issue: Synopsis

Advik Capital Limited is coming up with its rights issue. The bid opens on September 24, 2024 and closes on October 4, 2024. The last Date to buy shares is on Wednesday, September 11, 2024. The record date of this new issue is Thursday, September 12, 2024. The issue size is 19,98,05,013 equity shares amounting to Rs 49.95 crores. The issue price is Rs 2.5 per share, and the face value is Rs 1 per share.

This issue will allow existing shareholders to buy Advik Capital equity shares at a discounted price. Advik Capital' share price is Rs 3.04 per share. The eligible holders are being offered 14 Rights Equity shares for every thirty (30) fully paid-up equity shares held on a September 12, 2024, record date. Through this rights issue, the company plans to raise Rs 49.95 crores. The lead managers and register for this issue are yet to be announced.

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Advik Capital Limited Rights Issue: About the company

Advik Capital Limited was incorporated in 1985 and is an NBFC registered with RBI. The company is engaged in the business of investing funds, assisting the financial accommodation by way of loans and advances to industrial concerns, and undertaking the business of leasing and financing lease operations of all kinds, purchasing, selling, hiring, or letting on hire or all kinds of plant and machinery.

Advik Capital Limited 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 and all other types of signages. 2) Advik Global Limited - It is a trading company that takes Government tenders and engages in the import and export field.

Advik Capital Limited Rights Issue: Objective

The main objective of this rights issue is to raise funds from the shareholders to run the business. This issue will give priority to the existing shareholders to buy the shares at a discounting price.

Important Details for Advik Capital Limited Rights Issue

Timetable of Advik Capital Limited Rights Issue

Advik Capital Limited: Financial Metrics (Amt in Rs Crores)

Advik Capital Limited posted a revenue of Rs 27.51 crore and net profit of Rs 4.04 crore for the period ending on March 31 2024. The revenue figures decreased by -92% and net profit dropped by -58% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Lead managers, Registrar of Rights Issue

The details of the book-running lead managers and registrar for this issue are yet to be announced. Once the registrar details are out, you can check the allotment status by visiting their website.

FAQs

1. What are the details of the Advik Capital Limited Rights Issue?

The issue size is 19,98,05,013 equity shares amounting to Rs 49.95 crores. The issue price is Rs 2.5 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Advik Capital equity shares at a discounted price.

2. When does the Rights Issue open and close?

The bid opens on September 24, 2024 and closes on October 4, 2024. The last Date to buy shares is on Wednesday, September 11, 2024. The record date of this new issue is Thursday, September 12, 2024.

3. How can I apply for the Advik Capital Limited Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just visit the registrar's website to apply for the rights issue online.

4. How can I check the allotment status of the Advik Capital Limited Issue?

The registrar for this upcoming rights issue is not yet announced. Investors can check out the allotment by visiting the registrar's website.

5. What is the objective of the Advik Capital Limited Rights Issue?

The main objective of this rights issue is to raise funds from the shareholders to run the business. This issue will give priority to the existing shareholders to buy the shares at a discounting price.

6. What is the record date for the Advik Capital Limited Rights Issue?

The record date determining the shareholders eligible for the Rights Issue, is set for September 12, 2024.

7. Where will the Advik Capital Limited Right Issue be listed?

The Rights Issue will be listed on the BSE.

8. What is the entitlement ratio for the Advik Capital Limited Right Issue?

The entitlement ratio is set at 14 Rights equity Shares for every 30 fully paid up equity shares held on record date September 12, 2024.

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