Advik Capital Rights Issue Date, Price, Allotment, Entitlement

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Last updated on September 24, 2024

Advik Capital Rights Issue

Advik Capital Rights Issue is scheduled on 24 Sep – 4 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.

Advik Capital Rights Issue Dates

Promoters of Advik Capital – Mr. Vikas Garg & Ms. Seema Garg


Advik Capital Rights Issue Details

Advik Capital Rights Issue Date24 Sep – 4 Oct 2024
Advik Capital Rights Issue PriceINR 2.50 per share
Issue Size (in Shares)19,98,05,013 shares
Issue Size (in INR)INR 49.95 crore
Issue Entitlement14 equity shares for every 30 equity shares held on record date
Terms of PaymentFully payable at the time of application
Advik Capital Rights Issue Record Date12 September 2024
Face ValueINR 1 per share
Listing OnBSE

Advik Capital Rights Issue Calculation

Advik Capital Rights Issue PriceINR 2.50 per share
Market Price on Rights Issue ApprovalINR 2.85 per share
Dilution Factor (X)1.47
Fair Value After Dilution at Prevailing PriceINR 2.74 per share

Advik Capital Financial Performance

 FY 2022FY 2023FY 2024
Revenue46.0604.0848.0
Expenses45.0588.0831.0
OPM (%)2.03.02.0
Net income0.499.356.37
ROCE (%)6.021.010.0
Figures in INR Crores unless specified otherwise

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 Dates

Rights Issue Approval Date7 September 2024
Rights Issue Record Date12 September 2024
Credit of Rights Entitlement18 September 2024
Rights Issue Opening Date24 September 2024
Last Date for Market Renunciation1 October 2024
Rights Issue Closing Date4 October 2024
Finalization of Basis of Allotment9 October 2024
Rights Allotment Date9 October 2024
Credit Date 11 October 2024
Listing Date15 October 2024

Advik Capital Rights Offer 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: [email protected]
Website: 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: +91 92891 19981
E-mail: [email protected]
Website: 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.

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