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Vikas Ecotech Limited Right Issue

Right Issue Status: Closed [15th Jun 2021 to 29th Jun 2021]

Rated 3 stars Rated 3/5 by Team TopShareBrokers

Vikas Ecotech Right Issue Detail

Vikas Ecotech Right Issue Objective

  1. To meet working capital requirements.
  2. To adjust unsecured loans against the promoters entitlement.
  3. To make partial repayment of loan availed from ICICI bank.
  4. To meet the general corporate purposes.

Vikas Ecotech Right Issue Details

Vikas Ecotech Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 36.39 Crores Eq Shares
Right Issue Issue Size (Amount) ₹49.12 Crores
Face Value ₹1 Per Equity Share
Right Issue - Issue Price ₹1.35 per share
Right Issue Record Date 10th Jun 2021
Right Issue Entitlement 13 Equity Share for every 10 Fully paid up Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of ₹ 1.35 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 530961
NSE Code VIKASECO

Vikas Ecotech Right Issue Dates

In this section we have covered all important dates related to Vikas Ecotech 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.

Vikas Ecotech Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 15th Jun 2021
Right Issue Issue Close Date 29th Jun 2021
Basis of Allotment Finalisation Date* 5th Jul 2021
Refunds Initiation* 5th Jul 2021
Credit of Shares to Demat Account* 7th Jul 2021
Right Issue Listing Date* 7th Jul 2021

* - Tentative Dates

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About Company - Vikas Ecotech

About Vikas Ecotech Limited Right Issue

Vikas Ecotech Right Issue of 49.12 Cr (36,38,69,577 fully paid up shares at Rs. 1.35) opens for subscription on 15 June and closes on 29 June. The company is issuing 13 right issue for every 10 fully paid-up shares held on the record date 10 June 2021. The right issue price is fixed at Rs. 1.35 per share and the full amount is payable on the application. Check out more about Vikas Ecotech Limited Right Issue including business overview, financials, strengths, risks, timeline, and more.

About the Business - Vikas Ecotech Limited

Vikas Ecotech Limited manufactures specialty chemicals mainly specialty chemical additives and specialty polymer compounds that are used across industries i.e. Pharmaceuticals, infrastructure, organic and inorganic chemicals, electrical, FMCG, footwear, automotive, medical devices, and consumer goods.

It serves customers all over the world i.e. USA, Africa, Europe, and Asia. In FY 2020, 25% of revenue was being generated from export. It has two manufacturing facilities at Shahjanpur, Rajasthan, and Noida, Uttar Pradesh.

Vikas Ecotech Right Issue Strengths

  • An established player in Specialty Chemical Additives and Specialty Polymer Compounds.
  • Global market presence with export in the USA, Europe, Africa, and Asia.
  • In-house research and development activities.

Vikas Ecotech Financials

Past performance and financial results of Vikas Ecotech.

Vikas Ecotech Limited Financials 31-Mar-2020 31-Mar-2019
Total Assets ₹345.13 Cr ₹391.24 Cr
Total Income ₹199.20 Cr ₹259.24 Cr
Net Profit/Loss ₹1.02 Cr ₹15.00 Cr

Company Address

Vikas Ecotech Limited
34/1 Vikas Apartments,
East Punjabi Bagh,,Delhi-110026
India
Website: http://vikasecotech.com/
Phone: +91-11-43144444
Email: [email protected]

Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. IL&Fs Investsmart Securities Ltd
  3. Axis Capital Limited

Vikas Ecotech Right Issue Offer Document (Letter of Offer) >>Document

Vikas Ecotech Right Issue Online Application (Registrar & Transfer Agent) >>Vikas Ecotech Right Issue RTA information is not yet available.

Vikas Ecotech Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Vikas Ecotech? Should I apply in Vikas Ecotech Right Issue?

Last Updated on 2021-09-27T10:42:19+00:00


User Reviews

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5. Mrinmay Bhattacharjee Jun 21 2021 04:16:12 AM Reply
Vikas Ecotech Ltd RightIssue expected listing gain.
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5.1. Priyaranjan Dec 11 2021 11:58:42 AM
Right issue
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4. Neema Agrahari Jun 21 2021 04:16:12 AM Reply
Please confirm Vikas Ecotech Ltd RightIssue GMP (grey market premium) and kostak.
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3. RAKESH MEGHAVAL Jun 21 2021 04:16:12 AM Reply
Vikas Ecotech Ltd RightIssue good or bad.
avatar
2. Krishna Shivaji Borate Jun 21 2021 04:16:12 AM Reply
Vikas Ecotech Ltd RightIssue whether to invest or not.
avatar
1. neo Jun 21 2021 04:16:12 AM Reply
Vikas Ecotech Ltd RightIssue - CRISIL Rating, Apply or not?.