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Right Issue Status: Closed [9th Dec 2022 to 23rd Dec 2022]
Adcon Capital Services Limited right issue of issue size Rs 25.59 Cr is opening from 09 Dec to 23 Dec 2022.. The company will issue 25 right equity share for every 3 fully paid-up equity share held on the record date, 02 Dec 2022. The face value per share is Rs 1 and the right issue price is fixed at Rs 1 per share. The amount of Rs. 0.90 (90 paise) per share on needs to paid 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. Stay updated with us to know more about Adcon Capital Services Limited Right issue details 2022 including issue size, right issue entitlement, terms of payment, and more.
The objects of the Net Proceeds of the Issue are:
1. Augmenting the capital base of the Company.
2. General Corporate Purposes.
| Adcon Capital Services Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 29.59 Cr Shares |
| Right Issue Issue Size (Amount) | ₹29.59 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹1 per share |
| Right Issue Record Date | 2nd Dec 2022 |
| Right Issue Entitlement | 25 Equity Shares for every 3 Equity Shares held on the Record Date |
| Right Issue 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. |
| Listing At | BSE |
| BSE Code | 539506 |
| NSE Code | AJOONI |
In this section we have covered all important dates related to Adcon Capital Services Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 9th Dec 2022 |
| Right Issue Issue Close Date | 23rd Dec 2022 |
| Basis of Allotment Finalisation Date* | 3rd Jan 2023 |
| Refunds Initiation* | 16th Dec 2022 |
| Credit of Shares to Demat Account* | 4th Jan 2022 |
| Right Issue Listing Date* | 6th Jan 2023 |
* - Tentative Dates
Zerodha Trade@20
Adcon Capital Services Limited, a Company incorporated as Adcon Capital Services Limited on July 28, 1994 under the Companies Act, 1956 and holding registration as Non Banking Financial Company (NBFC) from Reserve Bank of India. This company provide finance to their clients after satisfying themselves about the credit worthiness and repayment capacity of its borrowers after evaluating major risks associated with the business/project/proposal for which loan has been sought.
In this limited lending business they mainly fucus on providing financial services with a paramount focus on Micro, Small and Medium Enterprises (MSMEs) small and medium enterprises (SMEs), corporate and non-corporate sector. Their loan portfolio as of March 31, 2022, is 290.44 lakhs. They provide both secured and unsecured loans based on the risk profiles of the clients.
Adcon Capital Limited need sufficient financial liquidity and resources to be able to meet demands and opportunities from their growth plans. The investment strategies are mostly long-term, and are based on an analysis of investment fundamentals.
Past performance and financial results of Adcon Capital Services.
| 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 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Adcon Capital Services Right Issue Offer Document (Letter of Offer) >>Document
Adcon Capital Services Right Issue Offer Document (Letter of Offer) >>Adcon Capital Services Right Issue Red Herring Prospectus is not yet available.
Adcon Capital Services Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Adcon Capital Services Right Issue Online Application (Registrar & Transfer Agent) >>Adcon Capital Services Right Issue RTA information is not yet available.
Last Updated on 2023-02-14T23:30:57+00:00
