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Right Issue Status: Closed [14th Jun 2023 to 11th Jul 2023]
North Eastern Carrying Corporation Limited is offering a rights issue worth Rs 81.32 Cr. available for subscription soon. The company is issuing 09 rights shares for every 10 shares held on the record date of 02 Jun 2023. The face value of a share is Rs.10 per share and the issue price of the rights shares is fixed at Rs 18 per share.
Stay tuned with us to know more about the details of North Eastern Carrying Corporation Limited Rights Issue 2023 including the issue size, rights issue eligibility, payment terms and more.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| North Eastern Carrying Corp. Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.52 Cr Shares |
| Right Issue Issue Size (Amount) | ₹81.32 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹18 per share |
| Right Issue Record Date | 2nd Jun 2023 |
| Right Issue Entitlement | 9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Investors will have to pay Rs. 9 at the time of allotment, Rs. 9 at the time of one or more subsequent Call(s) as determined by the Board/Committee at its sole discretion, from time to time. |
| Listing At | BSE, NSE |
| BSE Code | 534615 |
| NSE Code | NECCLTD |
In this section we have covered all important dates related to North Eastern Carrying Corp. Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 14th Jun 2023 |
| Right Issue Issue Close Date | 11th Jul 2023 |
| Basis of Allotment Finalisation Date* | 24th Jul 2023 |
| Refunds Initiation* | 6th Jul 2023 |
| Credit of Shares to Demat Account* | 25th Jul 2023 |
| Right Issue Listing Date* | 27th Jul 2023 |
* - Tentative Dates
Zerodha Trade@20
North Eastern Carrying Corporation was founded in 1984. It is one of the leading freight forwarding companies in India. It provides its customers with the flexible, responsive and affordable services they deserve. NECC leverages its extensive operational knowledge to provide exceptional solutions that are as unique as its customers' needs. North Eastern Carrying Corporation specializes in domestic and international freight transportation, commercial freight transportation, industrial freight transportation and warehousing.
NECCL's services include a wide range of freight management and customized logistics solutions supported by automated ERP-based software. The company leverages its operational expertise, powerful transportation network, unique technology and team to provide nationwide transportation services in Nepal, Bhutan and India. The company is among the leading freight forwarding companies in India and is one of the best freight transportation agencies in India.
Past performance and financial results of North Eastern Carrying Corp. .
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 199.48 | 378.20 | 6.39 | 43.09 | 43.09 | 76.12 |
| 31-Mar-21 | 196.39 | 232.74 | 1.43 | 94.72 | 44.52 | 86.17 |
| 31-Mar-22 | 217.87 | 250.86 | 4.22 | 98.94 | 48.74 | 100.94 |
| Amount in ₹ Crore | ||||||
The table below is live update of Right Issue bidding details from NSE and BSE.
North Eastern Carrying Corp. Right Issue Offer Document (Letter of Offer) >>Document
North Eastern Carrying Corp. Right Issue Offer Document (Letter of Offer) >>North Eastern Carrying Corp. Right Issue Red Herring Prospectus is not yet available.
North Eastern Carrying Corp. Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
North Eastern Carrying Corp. Right Issue Online Application (Registrar & Transfer Agent) >>North Eastern Carrying Corp. Right Issue RTA information is not yet available.
Last Updated on 2023-07-14T03:31:03+00:00
