Adcon Capital Services Rights Issue

Adcon Capital Services Rights Issue

Adcon Capital Services Rights Issue will open for subscription from 09 December 2022. the company aims for an issue size of ₹29.59 Crores.

Adcon Capital Services Limited

ACS Ltd is the Non-Deposit taking Non-Banking Financial Company (NBFC) registered with RBI to carry on the NBFI (Non-Bank Financial Institution) activities. The company is engaged in the business of providing financial loans and in providing ancillary services related to the said business activities.

The company is also engaged in making investments in the form of Equity in various companies, both listed and unlisted. Adcon Capital Services’ loan portfolio as of March 31, 2022, is Rs 290.44 lakhs. The company provides both secured and unsecured loans based on the risk profiles of the clients.

Objects of the Issue

  • Augmenting the capital base of the Company.
  • General Corporate Purposes.

Adcon Capital Services Rights Issue Timetable

Record Date02 December 2022
Credit of Rights Entitlements08 December 2022
Bid/Offer Opens On09 December 2022
Renunciation of Rights Entitlements16 December 2022
Bid/Offer Closes On23 December 2022
Deemed Date of Allotment03 January 2022
Credit Date04 January 2022
Listing Date06 January 2022

Adcon Capital Services Rights Issue Details

Issue OpenDec 9, 2022 – Dec 23, 2022
Security NameAdcon Capital Services Limited
Issue Size (Shares)295,925,000
Issue Size (Amount)₹29.59 Crores
Issue Price₹1 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentRs. 0.90 (90 paise) per share on Application and Rs. 0.10 (10 paise) per share on subsequent calls as may be decided by the Board of Directors from time to time.
Entitlement25 Equity Shares for every 3 Equity Shares held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Lead Manager(s)

  • Inventure Merchant Banker Services Pvt Ltd

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Contact Information

Adcon Capital Services Limited
417, Chetak Centre Nx,
Near Hotel Shreemaya, R.N.T. Marg,
Indore – 452 001,
Phone: 0731 – 252 8933

Final thoughts

Adcon Capital Services Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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