Advik Capital Rights Issue will open for subscription from 24 September 2024. the company aims for an issue size of ₹49.95 Crores through this rights Issue.
About the company
Incorporated in 1985 and headquartered in New Delhi, Advik Capital is a non-banking financial company (NBFC) registered with the RBI that does not accept deposits. The company primarily focuses on providing loans and advances to industrial clients, investing in financial services, and conducting leasing operations. The company has one subsidiary and one group company:
- Advik Optoelectronics Limited: This is a manufacturing unit that produces LED lights, LED signage, LED emergency lights, and various other types of signage.
- Advik Global Limited: A trading company that participates in government tenders and operates in the import and export sector.
company reported substantial revenue growth, with consolidated revenues reaching INR 848.05 crores in the fiscal year 2024.
Objectives of the Issue
- To augment the capital base and increase the operational scale with respect to the NBFC activities; and
- General Corporate Purposes.
Advik Capital Rights Issue Timetable
| Rights Issue Approval Date | 7 September 2024 |
| Rights Issue Record Date | 12 September 2024 |
| Credit of Rights Entitlement | 18 September 2024 |
| Rights Issue Opening Date | 24 September 2024 |
| Last Date for Market Renunciation | 1 October 2024 |
| Rights Issue Closing Date | 10 October 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Advik Capital Rights Issue Details
| Issue Open | September 24, 2024 – October 10, 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 Calculation
| Advik Capital Rights Issue Price | ₹ 2.50 per share |
| Market Price on Rights Issue Approval | ₹ 2.85 per share |
| Dilution Factor (X) | 1.47 |
| Fair Value After Dilution at Prevailing Price | ₹ 2.74 per share |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 46.0 | 604.0 | 848.0 |
| Expenses | 45.0 | 588.0 | 831.0 |
| OPM (%) | 2.0 | 3.0 | 2.0 |
| Net income | 0.49 | 9.35 | 6.37 |
| ROCE (%) | 6.0 | 21.0 | 10.0 |
Advik Capital Rights Issue Documents
Lead Manager(s)
Fast Track Finsec Pvt Ltd
B-502,
Statesman House,
Barakhamba Road
Website: https://www.ftfinsec.com/
Email: mb@ftfinsec.com
Phone: +91 1143029809
Advik Capital Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Contact Information
ADVIK CAPITAL LIMITED
G-3, Vikas House, 34/1, East Punjabi Bagh,
Sec – III, West Delhi, New Delhi, India – 110026
Phone: +91 92891 19981
E-mail: advikcapital@gmail.com
Website: www.advikcapital.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
