Let’s have a detailed review of the company and analytics of the Vikas Lifecare Rights Issue offer open date, Term of payment, Vikas Lifecare Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Issue PriceRs 1.85
Listing AtBSE, NSE
Min. Lot Size[●] Eq Shares
Record DateMAY 21, 2021
Issue Size (Rs.)Rs 4,909.87 Lakhs
Shares for Issue26,53,98,198 Eq Shares
Rights entitlement2 Rights EQ shares for every 5 fully paid Eq Shares.

Vikas Lifecare Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Vikas Lifecare Rights Issue – Summary

Vikas Lifecare Rights IssueThe Company was originally incorporated as Datanet Corporation Limited under the Companies Act, 1956, and the Certificate of Incorporation were issued by the Addl. Registrar of Companies, NCT of Delhi & Haryana on March 1, 1995. The Certificate of Commence of Business was issued by the Asst. Registrar of Companies, NCT of Delhi & Haryana on March 15, 1995.

During the year 2010, their Company entered into a Scheme of Arrangement whereby their Company acquired the Managed Printing Solutions business from Vikas Lifecare India Limited.

The Promoter of this company is MR. VIKAS GARG, VIKAS GARG HUF, MS. SEEMA GARG, MS. SUKRITI GARG, MR. VINOD KUMAR GARG, VINOD KUMAR GARG HUF, MS. SHASHI GARG, MR. VAIBHAV GARG. The lead manager to the issue is Mark Corporate Advisors Private Limited, and the Registrar to this issue is Alankit Assignments Limited.


Vikas Lifecare Rights Issue Date

The opening and the closing date of the IPO of Vikas Lifecare Limited are May 27, 2021, and June 10, 2021, Respectively.


Vikas Lifecare Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders according to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Vikas Lifecare Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
May 27, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsMay 26, 2021
Issue Closing DateJune 10, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeJune 17, 2021
Record dateMay 21, 2021.
Date of AllotmentJune 17, 2021
The credit of Shares to Demat AccountJune 21, 2021
Share Listing DateJune 23, 2021

Vikas Lifecare Rights Issue Price

The face value of each share is Rs.1 but the Cash Price is Rs.1.85 per Eq share. 


Vikas Lifecare Rights Issue Equity Size

This Initial Public Issue of 26,53,98,198 Equity Shares of Rs.1 each for cash at a price of Rs.1.85 per equity share aggregating to Rs 4,909.87 Lakhs.


Vikas Lifecare Rights Issue – Live Performance

The listing date of this IPO is June 23, 2021 You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Vikas Lifecare Share Price

Vikas Lifecare Rights Issue – Company Overview

Their Company was incorporated on November 9, 1995, with the name of Akshatha Management Consultants Private Limited in accordance with the provision of Companies Act, 1956.

Subsequently, the name of their Company was changed to Akshatha Service Private Limited, pursuant to which the Registrar of Companies National Capital Territory of Delhi and Haryana issued a fresh certificate of incorporation on May 29, 2001.

Thereafter, the name of their Company was further changed to Moonlite Technochem Private Limited, and accordingly, the Registrar of Companies National Capital Territory of Delhi and Haryana issued a fresh certificate of incorporation on December 29, 2008


Vikas Lifecare Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
15-Jan-2131-Mar-2031-Mar-1931-Mar-18
Total Assets15,905.1425,469.4224,496.1026,379.41
*Total Revenue5,327.2215,886.3621,776.8820,089.36
Total Expense5,034.5815,465.0021,769.6319,872.48
Profit After Tax7.25139.73207.87148.29

Earnings per Equity Share (in Lakhs)

15-Jan-2131-Mar-2031-Mar-1931-Mar-18
Basic0.00110.02110.03130.0223
Diluted0.00110.00000.03130.0223

 

Financial Performance:

During Fiscals 2020, 2019, and 2018, their revenue from operations was ₹ 15,818.93 lakhs, ₹ 21,987.97 lakhs, and ₹ 20,116.80 lakhs, respectively.

Their EBITDA during Fiscals 2020, 2019, and 2018 was ₹ 929.18 lakhs, ₹ 972.07 lakhs, and ₹ 927.27 lakhs respectively while their Profit after tax (PAT) during Fiscals 2020, 2019, and 2018 was ₹139.73 lakhs, ₹ 192.64 lakhs, and ₹ 169.03 lakhs respectively.


Vikas Lifecare Rights Issue – Promoters

The Promoters of this company are:

  1. VIKAS GARG, VIKAS GARG HUF,
  2.  SEEMA GARG,
  3. SUKRITI GARG,
  4. VINOD KUMAR GARG,
  5. VINOD KUMAR GARG HUF,
  6. SHASHI GARG,
  7. . VAIBHAV GARG

List of Related Parties (Key Managerial Personnel)

  • Ms. Richa Sharma, Non-Executive – Independent Director-Chairperson
  • Mr. Vivek Garg, Managing Director
  • Mr. Vikas Garg, Non-Executive – Non-Independent Director
  • Mr. Vijay Kumar Sharma, Whole Time Director cum Chief Executive Officer
  • Ms. Meena Bansal, Non-Executive – Independent Director
  • Mr. Pankaj Kumar Gupta, Non-Executive – Independent Director

Vikas Lifecare Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 26,53,98,198 Equity Shares
Rights Entitlement2:5 (2 Equity Share for every 5 fully paid-up Equity Share(s)) held on the Record Date
Record DateMay 21, 2021
Issue Price per Rights Equity SharesRs.1
Issue SizeUp to 26,53,98,198  Equity Shares of the face value of ₹ 1 each for cash at a price of ₹ 1.85 per Rights Equity Share up to the number of Rs 4,909.87 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue66,34,95,495 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 92,88,93,693 Equity Shares

Vikas Lifecare Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1.Meeting Capital Expenditure for Food Preservation and Storage Unit;
2. Meeting Working Capital Requirements;
3. Adjustment of Unsecured Loans against the Entitlement of the Promoters;
4. Prepayment of Loans availed by their Company; and
5. General Corporate Purposes

Vikas Lifecare Rights Issue – Business Strategy

  • Entering into new geographies
  • Exploring newer applications of their existing products as well as focusing on new product line
  • Improving operational efficiencies
  • Attract and retain talented employee
  • Focus on consistently meeting quality standards
  • Invest significantly in Research and development
  • Quality control and quality assurance

Vikas Lifecare Rights Issue Lead Managers

Lead Managers
Mark Corporate Advisors Private Limited
CIN: U67190MH2008PTC181996
404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East),
Mumbai – 400 057.
Telephone: +91 22 2612 3207/08
E-mail id: info@markcorporateadvisors.com
Investor Grievance e-mail id:
investorgrievance@markcorporateadvisors.com
Contact Person: Mr. Manish Gaur
Website: www.markcorporateadvisors.com
SEBI registration number: INM000012128

Vikas Lifecare Rights Issue Registrar to offer

Registrar to the Offer
Alankit Assignments Limited
CIN: U74210DL1991PLC042569
4E/21, Alankit House,
Jhandewalan Extension,
New Delhi – 110055
Telephone: 011-42541234 / 23541234
E-mail id: vllrights@alankit.com
Investor Grievance e-mail id:
vllrights@alankit.comContact Person: Mr. Abhinav Kumar
Agrawal
Website: www.alankit.com
SEBI registration number: INR000002532

Vikas Lifecare Rights Issue – Other Details

  • Statutory Auditor – M/s Goyal Nagpal & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Vikas Lifecare Limited Rights Issue News

    News 1 – Vikas Lifecare Rights Issue Draft Download

    News 2 –  Vikas Lifecare Rights Issue Letter of Offer


    Vikas Lifecare Rights Issue Review FAQs

    Where to download Vikas Lifecare Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Vikas Lifecare Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Vikas Lifecare Rights Issue?

    Application forms of Vikas Lifecare Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check Vikas Lifecare Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Vikas Lifecare Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Vikas Lifecare Rights Issue price per share?

    The rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.1 per Equity Share through Vikas Lifecare Rights Issue.

    Who is the registrar to Vikas Lifecare Rights Issue?

    Registrar, as chosen by Vikas Lifecare is Alankit Assignments Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Vikas Lifecare Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Vikas Lifecare Rights Issue is all set to open on May 27, 2021.

    When the Vikas Lifecare Rights Issue is closing?

    While, the offer would open on March 24, 2021, it is most likely scheduled to close on June 10, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Vikas Lifecare Rights Issue.

    What is the Vikas Lifecare Rights Issue size?

    Vikas Lifecare Rights Issue is a proposal to raise 26,53,98,198 Equity shares, aggregating to Rs 4,909.87 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Vikas Lifecare Rights Issue Lead manager?

    A designated underwriter or lead manager of Vikas Lifecare Rights Issue is Mark Corporate Advisors Private Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Vikas Lifecare Rights Issue?

    There are a bunch of important dates regarding the Vikas Lifecare Rights Issue, which you need to know about. The priority should be the Record Date of MAY 21, 2021., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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