Everything You Need to Know About the Vikas Lifecare Rights Issue – #20 by ShubhS9 – Announcements – Trading Q&A by Zerodha

to updateVikas Lifecare will make the first and last payment for the partially paid shares. The Company has set January 14, 2022, as the standard date for determining the holders of partially paid shares to whom notice of the final call will be sent. You can check out the company’s announcement here.

As a result, the partially paid shares of Vikas Lifecare will be suspended from trading on the stock exchanges effective January 13, 2022, and you will not be able to see these holdings on Kite.

Events schedule
to push 1.7 rupees per share
Call pay period From January 20, 2022 to February 3, 2022
Personalization and menu Within 2 to 3 weeks of the last date of payment

How do I make a push call

You can make payment via calls through the following modes:

  • Netbanking ASBA: Through SCSB’s website.
  • Physical ASBA: By submitting a physical application to the designated branch of SCSB.
  • Check / demand draft.

You can check the list of SCSB (Certified Self-Associated Banks) here.

For more details, you can refer to the notice of the first and final call provided by the company, and this FAQ.

What will happen if I do not pay for the call?

If you fail to pay the call money, the partially paid shares may be forfeited (the existing Vikas Lifecare PP shares you hold will be worthless and will not be publicly traded because the Company will allocate new shares under a different ISIN). The company may also charge interest on the amount you owe.

Vikas Lifecare Ltd. will be released. (VIKASLIFE) franchise rights (RE’s) to anyone who owns its shares effective November 1, 2021 (the registration date). These commodities will be temporarily traded on exchanges and then put out. You can either use the RE to apply for equity shares of Vikas Lifecare or you can sell it in the market. You can check out the company’s announcement here.

Case details
previous date October 29 2021
date of registration November 1, 2021
Rate 4:21
Issue price INR 2.80
Release period From November 10, 2021 to November 24, 2021
RE . trading period From November 10, 2021 to November 18, 2021
Initial date of customization December 6, 2021
Initial date of listing December 13, 2021

This is a partially paid issue, which means that at the time of placing the order, you only have to make a partial payment.

Amount payable per share of equity face value excellent sum
on the app 0.4 0.7 1.1
One or more additional calls as decided by the company 0.6 1.1 1.7
sum 1 1.8 2.8

If you continue to hold the partially paid Vikas Lifecare shares when the company places a call to pay the balance, you will be liable to pay the remaining amount. Alternatively, if you sell the partially paid shares, the buyer will be responsible for paying the amount.

Once you receive renewable energy from the company or purchase it on the market, you can apply for equity using the Netbanking ASBA. You can check out the process in this post.

You can also apply for rights shares through the registrar’s website and transfer agent.

You will need to enter the beneficial owner ID of your demat account which is a 16-digit number while applying through Netbanking ASBA.

Noticeable: If you have purchased REs from the secondary market. You will not be able to apply for property rights from the RTA portal. You will have to apply either through the Netbanking ASBA service provided by your bank, and you can check out the process here. In the event that your bank does not offer the option to apply, you will have to submit an application on plain paper. You can download the application form from here. The form submission process is explained in the form itself.

If you experience any difficulties in applying for equity, you can contact RTA or Bigshare Services at [email protected] or at +91 22 6263 8200.

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