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* - Tentative Dates
The Company intends to utilize the proceeds of the Issue towards the following objects:
Advik Capital Ltd's revenue increased by 40% and profit after tax (PAT) dropped by -32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 204.18 | 142.56 | 16.69 |
| Revenue | 848.06 | 604.37 | 46.58 |
| Profit After Tax | 6.36 | 9.35 | 0.44 |
| Net Worth | 123.45 | 67.56 | 9.58 |
| Total Borrowing | 78.68 | 75.13 | 4.69 |
| Amount in ₹ Crore | |||
Advik Capital Limited was incorporated in 1985 as "Quick Credit Limited". The company is a non-banking finance company registered with the RBI and does not accept deposits. The principal activity of the company is to provide financial credit and ancillary services related to the above business activities.
In 2013, the Company established a subsidiary named Advik Optoelectronics Limited to diversify further its activities in the field of trading and manufacturing of electronic products. Currently, the Company holds 57.99% of the total issued and paid-up share capital of Advik Optoelectronics Limited.
Advik Optoelectronics Limited is engaged in the manufacture of various types of escape signs, phosphorescent evacuation systems, photoluminescent signs, LED signs, electronic LED signs, safety clothing, traffic safety signs, luminaires, emergency lighting and equipment.
In addition, the company established a wholly-owned subsidiary called Advikca Finvest Limited in 2022, which operates in the securities market and as an investment advisor. Currently, the Company holds 100% of the total issued and paid-up share capital of Advikca Finvest Limited (nominee shareholders hold 6 shares).
Advikca Finvest Limited deals in shares, securities, rights and obligations in movable and immovable assets of all kinds, infinite technology and advanced techniques and the acquisition, purchase, sale, holding, trading, disposal or otherwise dealing in shares.