North Eastern Carrying Corporation Rights Issue

North Eastern Carrying Corporation Rights Issue will open for subscription from 14 June 2023. the company aims for an issue size of ₹81.32 Crores through this rights Issue.

North Eastern Carrying Corporation Limited

Incorporated in 1984, North Eastern Carrying Corporation Limited (NECC) is engaged in the transportation business. The company primarily operates in India and is headquartered in Delhi. In its transportation delivery service of more than four decades, North Eastern Carrying Corporation has grown to 200+ branches. The company handles transportation and supply chain solutions throughout India, Nepal, Bangladesh, and Bhutan. Given its extensive experience in the industry, the company is capable to create customized and effective solutions for a variety of industrial, commercial, and residential freight movements. The operations are supported in efficiency by advanced resources and in-depth familiarity with the domain. NECC offers seamless Logistics Management Solutions with a strong capacity network and advanced troubleshooting capabilities.

Objectives of the Issue

North Eastern Carrying Corporation Rights Issue Timetable

Last Date to buy shares01 June 2023
Record Date02 June 2023
Credit of Rights Entitlements
Bid/Offer Opens On14 June 2023
Renunciation of Rights Entitlements22 June 2023
Bid/Offer Closes On27 June 2023
Deemed Date of Allotment
Credit Date
Listing Date

North Eastern Carrying Corporation Rights Issue Details

Issue OpenJun 14, 2023 – Jun 27, 2023
Security NameNorth Eastern Carrying Corporation Limited
Issue Size (Shares)45,177,602
Issue Size (Amount)₹81.32 Crores
Issue Price₹18 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of Payment
Entitlement9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Capital square Advisors Private Limited

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Contact Information

North Eastern Carrying Corporation Limited

Ram Bagh Road Azad Market,
Delhi-110 006 Phone: 011-23517516, 17, 18, 19

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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