Vikas Lifecare has planned to raise Rs 200 crore (Rs 2,000 million) through qualified institutional placement (QIP). The company will raise funds in tranches. In the first tranche, the board has approved raising Rs 50 crore (Rs 500 million). The remaining Rs 150 crore (Rs 1,500 million) will be raised via subsequent tranches by the company.
The company board has approved and fixed the floor price for the issue at Rs 4.20 per equity share, with a face value of Re 1 each. The price has been derived by the pricing formula as prescribed under the SEBI ICDR Regulations. The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. The company may, at its discretion, offer a discount of not more than 5 per cent on the floor price for the issue.
The company's fund-raising committee will meet to consider and approve the issue price, including a discount, if any, permitted under the SEBI's regulations. The equity shares will be allotted to qualified institutional buyers. The company has received the principal approval for the same from its board and shareholders through postal ballots and stock exchanges - namely BSE and National Stock Exchange (NSE).
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
| Company Name | CMP |
|---|---|
| Rain Industries | 165.50 |
| Agarwal Indl. Corp | 1260.95 |
| TN Petro Products | 78.36 |
| Vikas Lifecare | 4.03 |
| Nexxus Petro Inds | 121.40 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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