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
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North Eastern Carrying Corporation Rights Issue Timetable
| Last Date to buy shares | 01 June 2023 |
| Record Date | 02 June 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 14 June 2023 |
| Renunciation of Rights Entitlements | 22 June 2023 |
| Bid/Offer Closes On | 27 June 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
North Eastern Carrying Corporation Rights Issue Details
| Issue Open | Jun 14, 2023 – Jun 27, 2023 |
| Security Name | North 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 At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Company Financials
| 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 |
Rights Issue Documents
Lead Manager(s)
- Capital square Advisors Private Limited
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Company Contact Information
North Eastern Carrying Corporation Limited
Ram Bagh Road Azad Market,
Delhi-110 006 Phone: 011-23517516, 17, 18, 19
Email: co@neccgroup.com
Website: http://neccgroup.com/
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
