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 Date | 02 December 2022 |
| Credit of Rights Entitlements | 08 December 2022 |
| Bid/Offer Opens On | 09 December 2022 |
| Renunciation of Rights Entitlements | 16 December 2022 |
| Bid/Offer Closes On | 23 December 2022 |
| Deemed Date of Allotment | 03 January 2022 |
| Credit Date | 04 January 2022 |
| Listing Date | 06 January 2022 |
Adcon Capital Services Rights Issue Details
| Issue Open | Dec 9, 2022 – Dec 23, 2022 |
| Security Name | Adcon 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 At | BSE |
| Terms of Payment | Rs. 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. |
| Entitlement | 25 Equity Shares for every 3 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 3.24 | 0.26 | -0.31 |
| 31-Mar-21 | 3.49 | 0.45 | 0.28 |
| 31-Mar-22 | 4.01 | 0.75 | 0.47 |
Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
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
Email: adconcap@gmail.com
Website: http://www.adconcap.com/index.html
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
