Adcon Capital Services Limited is a Non-Deposit Taking Non-Banking Financial Company (NBFC) which has been registered with the RBI to conduct NBFI (Non-Bank Financial Institution) activities.
The company is in the business of providing financial loans as well as providing auxiliary services related to such activities. Additionally, the corporation invests across many companies, both public and unlisted, in the form of equity.
As of March 31, 2022, Adcon Capital Services’ loan portfolio stood at Rs 290.44 lakhs. Based on the risk profiles of the clients, the organization offers both secured and unsecured loans.
Objects of the Issue:
The objects of the Net Proceeds of the Issue are:
- Augmenting the capital base of the Company.
- General Corporate Purposes.
Adcon Capital Services Rights Issue 2022 Detail
| Issue Open | Dec 9, 2022 – Dec 23, 2022 |
| Security Name | Adcon Capital Services Limited |
| Issue Size (Shares) | 295,925,000 |
| Issue Size (Amount) | ₹29.59 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| 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. |
| Entitlement | 25 Equity Shares for every 3 Equity Shares held on the Record Date |
Adcon Capital Services Rights Issue 2022 Issue Timetable
| Record Date | Dec 2, 2022 |
| Credit of Rights Entitlements | Dec 8, 2022 |
| Bid/Offer Opens On | Dec 9, 2022 |
| Renunciation of Rights Entitlements | Dec 16, 2022 |
| Bid/Offer Closes On | Dec 23, 2022 |
| Deemed Date of Allotment | Jan 3, 2023 |
| Credit Date | Jan 4, 2022 |
| Listing Date | Jan 6, 2023 |
Adcon Capital Services Limited Financial Information (Restated)
| 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 |
Company Contact Information
Adcon Capital Services Limited
417, Chetak Centre Nx,
Near Hotel Shreemaya, R.N.T. Marg,
Indore – 452 001,
Phone: 0731 – 252 8933
Email: [email protected]
Website: http://www.adconcap.com
Adcon Capital Services Rights Issue 2022 Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: http://www.purvashare.com
Adcon Capital Services Rights Issue 2022 Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd
Adcon Capital Services Rights Issue 2022 FAQs
Q1. When is Adcon Capital Services Rights Issue 2022 coming?
Ans. The Adcon Capital Services Rights Issue 2022 opens on Dec 9, 2022, and closes on Dec 23, 2022.
Q2. What is the schedule for Adcon Capital Services Rights Issue 2022?
Ans. Adcon Capital Services Rights Issue 2022 Schedule : Last Date for credit of Rights Entitlements Dec 8, 2022 Last Date for renunciation of Rights Entitlements Dec 16, 2022 Issue Opening Date Dec 9, 2022 Issue Closing Date Dec 23, 2022 Date of Allotment (on or about) Jan 3, 2023 Date of Credit (on or about) Jan 4, 2022 Date of Listing (on or about) Jan 6, 2023
Q3. What is the issue price for Adcon Capital Services Rights Issue 2022?
Ans. Adcon Capital Services Rights Issue 2022 price is set at ₹1 per share per equity share.
Q4. In what ratio is the Adcon Capital Services Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 25 Equity Shares for every 3 Equity Shares held on the Record Date (Dec 2, 2022).
Q5. What is the record date for Adcon Capital Services Rights Issue 2022?
Ans. The record date for the Adcon Capital Services Rights Issue 2022 is Dec 2, 2022.
Q6. What is the issue size of Adcon Capital Services Rights Issue 2022?
Ans. The issue size of Adcon Capital Services Rights Issue 2022 is of 295,925,000 equity shares at ₹1 per share aggregating upto ₹29.59 Crores.
Q7. How to apply for Adcon Capital Services Rights Issue 2022?
Ans. You can apply for Adcon Capital Services Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Adcon Capital Services Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Adcon Capital Services Rights Issue 2022 available on the list.
- Click the Apply button next to the Adcon Capital Services Rights Issue 2022.
- Fill and check your information.
- 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 Adcon Capital Services Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Adcon Capital Services Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application
