Vikas Lifecare Rights Issue Details, Dates, Size, Allotment and more
Last Updated Date: Nov 16, 2022Let’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 Value | Rs 1 |
| Issue Price | Rs 2.80 |
| Listing At | BSE, NSE |
| Min. Lot Size | [●] Eq Shares |
| Record Date | Nov 1, 2021 |
| Issue Size (Rs.) | Rs 4,985 Lakhs |
| Shares for Issue | 17,69,32,132 Eq Shares |
| Rights entitlement | 4 equity shares for every 21 fully paid-up equity shares held on the record date |
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
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.
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 Hexaxis Advisors Limited, and the Registrar to this issue is Bigshare Services Private Limited.
Vikas Lifecare Rights Issue Date
The opening and the closing date of the IPO of Vikas Lifecare Limited are Nov 10, 2021, and Nov 24, 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 |
Nov 10, 2021 |
| Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements | Oct 18, 2021 |
| Issue Closing Date | Nov 24, 2021 |
| Finalizing the basis of allotment with the Designated Stock Exchange | December 2, 2021 |
| Record date | Nov 1, 2021 |
| Date of Allotment | Dec 6, 2021 |
| The credit of Shares to Demat Account | December 7, 2021 |
| Share Listing Date | December 8, 2021 |
Vikas Lifecare Rights Issue Price
The face value of each share is Rs.1 but the Cash Price is Rs.2.80 per Eq share.
Vikas Lifecare Rights Issue Equity Size
This Initial Public Issue of 17,69,32,132 Equity Shares of Rs.1 each for cash at a price of Rs.2.80 per equity share aggregating to Rs 4,985 Lakhs.
Vikas Lifecare Rights Issue – Live Performance
The listing date of this IPO is December 8, 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 subsequently converted from a private limited company into a public limited company and upon such conversion, the name of their Company was changed to Moonlite Technochem Limited and accordingly, on November 1, 2016, a fresh certificate of incorporation was issued by Registrar of Companies, Delhi.
The name of their Company was changed again to Vikas Multicorp Limited and a fresh certificate of incorporation dated January 24, 2017, was issued under the seal of Registrar of Companies, Delhi. Thereafter, the name of their Company was once again changed to Vikas Lifecare Limited, and a fresh certificate of incorporation dated April 9, 2021, was issued under the seal of the Registrar of Companies, Delhi.
Pursuant to the order of the National Company Law Tribunal, Principal Bench, New Delhi dated October 31, 2018, approving the Scheme of Arrangement, the ‘Recycled and Trading Compounds Division’ of group concern ‘Vikas Ecotech Limited’ was demerged from Vikas Ecotech Limited and acquired by their Company.
Upon the completion of the said demerger, the equity shares of the Company were listed on the NSE and the BSE on May 8, 2019.
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) | ||
| 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 14895 | 25469 |
| *Total Revenue | 3340.59 | 8416.51 |
| Total Expense | 2312.76 | 7326.07 |
| Profit After Tax | (395.94) | (350.15) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-21 | 31-Mar-20 | |
| Basic | (0.060) | (0.053) |
| Diluted | (0.060) | (0.053) |
Vikas Lifecare Rights Issue – Promoters
The Promoters of this company are:
- VIKAS GARG, VIKAS GARG HUF,
- SEEMA GARG,
- SUKRITI GARG,
- VINOD KUMAR GARG,
- VINOD KUMAR GARG HUF,
- SHASHI GARG,
- . 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
| Particulars | Details of Equity Shares |
| Equity Shares proposed to be issued | Up to 17,69,32,132 Equity Shares |
| Rights Entitlement | 4 Equity Share for every 21 fully paid-up Equity Share(s) held on the Record Date |
| Record Date | November 1, 2021 |
| Issue Price per Rights Equity Shares | Rs.1 |
| Issue Size | Rs. 2.80 |
| Equity Shares issued, subscribed, and paid up prior to the Issue | 92,88,93,693 Equity Shares |
| Equity Shares subscribed and paid-up after the Issue | Up to 1,10,58,25,825 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 |
| Hexaxis Advisors Limited 40 RPS, Sheikh Sarai, Phase-1, New Delhi – 110017 Telephone: 011-40503037 Email: mail@hexaxis.in Contact Person: Mr. Pankaj K |
Vikas Lifecare Rights Issue Registrar to offer
| Registrar to the Offer |
| Bigshare Services Private Limited 1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India. Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8280; E-mail: rightsissue@bigshareonline.com; Website: www.bigshareonline.com; Contact person: Arvind Tandel Investor grievance: investor@bigshareonline.com; SEBI Registration No: INR000001385; Validity of Registration: Permanent |
Vikas Lifecare Rights Issue – Other Details
- Statutory Auditor – M/s. RSPH & Associates, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Subscribe to Vikas Lifecare Rights Issue
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 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.2.80 per Equity Share through Vikas Lifecare Rights Issue.
Who is the registrar to Vikas Lifecare Rights Issue?
Registrar, as chosen by Vikas Lifecare is Bigshare Services Private 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 Nov 10, 2021.
When the Vikas Lifecare Rights Issue is closing?
While, the offer would open on Nov 10, 2021, it is most likely scheduled to close on Nov 24, 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 17,69,32,132 Equity shares, aggregating to Rs 4,985 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 Hexaxis Advisors 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 Nov 1, 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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