Vikas Lifecare Limited (VLL- formerly known as Vikas Multicorp Limited) is primarily engaged in recycling Plastic Waste and trading Polymer Compounds. The company also plans to venture into the FMCG industry. To achieve this business strategy, the company has recently started dealing in raw and finished cashew nuts.

VLL is an ISO-certified company manufacturing PVC Compounds, additives & chemicals required for plastic processing at their manufacturing unit located in Alwar, Rajasthan. The company products cater to various industries such as agriculture and infrastructure, packaging, organic and inorganic chemicals, electrical, FMCG, footwear, pharmaceuticals, automotive, and other consumer goods.

Vikas Lifecare Rights Issue Detail

Issue Open May 27, 2021 - Jun 10, 2021
Security Name Vikas Lifecare Limited
Issue Size (Shares) 26.54 Crores
Issue Size (Amount) ₹49.10 Crores
Issue Price ₹1.85 per share
Face Value ₹1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs.1.85 per Rights Equity Share is payable on Application.
Entitlement 2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date

Vikas Lifecare Rights Issue Issue Timetable

Bid/Offer Opens On May 27, 2021
Bid/Offer Closes On Jun 10, 2021
Record Date May 21, 2021
Deemed Date of Allotment Jun 17, 2021
Renunciation of Rights Entitlements Jun 7, 2021

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,546.94 2,449.61 2,637.94
Total Revenue 1,588.64 2,177.69 2,008.94
Profit After Tax 13.97 20.79 14.83

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the below 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 the Company; and
5. General Corporate Purposes.


  1. Alankit Assignments Ltd
    Phone: (011) 4254 1234

Vikas Lifecare Rights Issue FAQs

The Vikas Lifecare Rights Issue opens on May 27, 2021, and closes on Jun 10, 2021.

Vikas Lifecare Rights Issue Schedule

Last Date for credit of Rights EntitlementsMay 26, 2021
Last Date for renunciation of Rights EntitlementsJun 7, 2021
Issue Opening DateMay 27, 2021
Issue Closing DateJun 10, 2021
Date of Allotment (on or about)Jun 17, 2021
Date of Credit (on or about)Jun 21, 2021
Date of Listing (on or about)Jun 23, 2021

Vikas Lifecare Rights Issue price is set at ₹1.85 per share per equity share.

The eligible shareholders are being offered 2 Equity Share for every 5 Fully Paid-up equity shares held on the Record Date (May 21, 2021).

The record date for the Vikas Lifecare Rights Issue is May 21, 2021.

The issue size of Vikas Lifecare Rights Issue is of 26.54 Crores equity shares at ₹1.85 per share aggregating upto ₹49.10 Crores.

The Letter of Offer for Vikas Lifecare Rights Issue can be download here.

You can apply for Vikas Lifecare Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrars Website (R-WAP Facility)

Steps to apply for Vikas Lifecare Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the IPO & Rights Issue section.
  3. Check if the Vikas Lifecare Rights Issue available on the list.
  4. Click the Apply button next to the Vikas Lifecare Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Vikas Lifecare Rights Issue using Registrars website (R-WAP)

  1. Visit registrars website
  2. Go to the Rights Issue section
  3. Select Vikas Lifecare Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.


Write us

Find us at the office

Blotner- Kwas street no. 55, 39246 Canberra, Australia

Give us a ring

Dymon Rothfuss
+78 715 483 676
Mon - Fri, 10:00-22:00

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