Advik Capital Rights Issue is scheduled on 24 Sep – 14 Oct 2024
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.
The company reported substantial revenue growth, with consolidated revenues reaching INR 848.05 crores in the fiscal year 2024.
Promoters of Advik Capital – Mr. Vikas Garg & Ms. Seema Garg
Table of Contents
Advik Capital Rights Issue Details
| Advik Capital Rights Issue Date | 24 Sep – 14 Oct 2024 |
| Advik Capital Rights Issue Price | INR 2.50 per share |
| Issue Size (in Shares) | 19,98,05,013 shares |
| Issue Size (in INR) | INR 49.95 crore |
| Issue Entitlement | 14 equity shares for every 30 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Advik Capital Rights Issue Record Date | 12 September 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Advik Capital Rights Issue Calculation
| Advik Capital Rights Issue Price | INR 2.50 per share |
| Market Price on Rights Issue Approval | INR 2.85 per share |
| Dilution Factor (X) | 1.47 |
| Fair Value After Dilution at Prevailing Price | INR 2.74 per share |
Advik Capital Financial Performance
| Â | 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 Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- To augment the capital base and increase the operational scale of the NBFC activities – INR 37.25 crore
- General Corporate Purposes – INR 11.85 crore
Advik Capital Rights Offer Documents
- Advik Capital Rights Issue Application Form
- Advik Capital Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Advik Capital Rights Issue Dates
| 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 | 14 October 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Advik Capital Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone:Â +91-11-40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
Advik Capital Issue Contact Details
ADVIK CAPITAL LIMITED
G-3, Vikas House, 34/1, East Punjabi Bagh,
Sec – III, West Delhi, New Delhi, India – 110026
Phone:Â +91 92891 19981
E-mail: [email protected]
Website:Â www.advikcapital.com
Advik Capital Rights Offer FAQs
What is the Advik Capital Rights Issue Price?
The issue price is INR 2.50 per share.
What is the Advik Capital Rights Issue entitlement ratio?
The eligible shareholders are offered 14 Equity Shares for every 30 Equity Shares held on the record date.
What is the Advik Capital Rights Issue Record Date?
The Record date is 12 September 2024.
How to Apply in Advik Capital Rights Offer?
The best way to apply in Advik Capital Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
