Advik Capital Rights Issue will open for subscription from 18 September 2023. the company aims for an issue size of ₹49.91 Crores through this rights Issue.
About the company
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 financing 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:
- Advik Optoelectronics Limited: It is a manufacturing unit of LED lights, LED Signages, LED Emergency Lights & all other types of signages.
- 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 has changed its name 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.
The company recorded consolidated revenues from operations for Fiscals 2023, 2022, and 2021 were ₹ 60,428.92, ₹ 4645.90 lacs, and ₹ 625.87 lacs, respectively.
Objectives of the Issue
- To augment their capital base and increase operational scale with respect to their NBFC activities.
- General Corporate Purposes.
Advik Capital Rights Issue Timetable
| Last Date to buy shares | 06 September 2023 |
| Record Date | 07 September 2023 |
| Credit of Rights Entitlements | 12 September 2023 |
| Bid/Offer Opens On | 18 September 2023 |
| Renunciation of Rights Entitlements | 26 September 2023 |
| Bid/Offer Closes On | 29 September 2023 |
| Deemed Date of Allotment | 04 October 2023 |
| Credit Date | 09 October 2023 |
| Listing Date | 13 October 2023 |
Advik Capital Rights Issue Details
| Issue Open | September 18, 2023 – September 29, 2023 |
| Security Name | Advik Capital Limited |
| Issue Size (Shares) | 207,960,320 |
| Issue Size (Amount) | ₹49.91 Crores |
| Issue Price | ₹2.4 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs. 2.40 per Equity Share (Including premium of Rs. 1.40per share) payable on Application. |
| Entitlement | 17 Rights Equity Share(s) for every 18 fully paid-up Equity Shares held on Record Date |
Advik Capital Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 14.32 | 16.69 | 142.56 |
| Revenue | 6.28 | 46.58 | 604.37 |
| Profit After Tax | 0.07 | 0.44 | 9.36 |
| Net Worth | 9.16 | 9.58 | 58.60 |
| Reserves and Surplus | |||
| Total Borrowing | 2.83 | 4.69 | 75.13 |
Advik Capital Rights Issue Documents
Lead Manager(s)
- Fast Track Finsec Pvt Ltd
Advik Capital Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Company Contact Information
Advik Capital Limited
G-3, Vikas House, 34/1,
East Punjabi Bagh, Sec – III, West Delhi,
New Delhi – 110026
Phone: +91 92891 19980
Email: advikcapital@gmail.com
Website: https://advikgroup.com/ail/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
