SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vikas Ecotech inches up on planning to raise Rs 100 crore through QIP route

08 Jun 2023 Evaluate

Vikas EcoTech is currently trading at Rs. 2.99, up by 0.02 points or 0.67% from its previous closing of Rs. 2.97 on the BSE.

The scrip opened at Rs. 3.01 and has touched a high and low of Rs. 3.05 and Rs. 2.97 respectively. So far 1201004 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.48 on 10-Jun-2022 and a 52 week low of Rs. 2.38 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 3.10 and Rs. 2.95 respectively. The current market cap of the company is Rs. 284.88 crore.

The promoters holding in the company stood at 9.33%, while Institutions and Non-Institutions held 0.03% and 90.64% respectively.

Vikas Ecotech has planned to raise Rs 100 crore through qualified institutional placement (QIP) route. The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement.

A proposal in this regard was approved by the board of the company at its meeting recently. The board has approved the first tranche of QIP not exceeding Rs 50 crore and the remaining amount of Rs 50 crore through second/subsequent tranches.

Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.


Vikas EcoTech Share Price

1.44 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×