Seacoast Shipping Rights Issue

Seacoast Shipping Rights Issue

Seacoast Shipping Rights Issue will open for subscription from 21 July 2023. the company aims for an issue size of ₹48.48 Crores through this rights Issue.

About the company

Incorporated in 1982, Seacoast Shipping Services Limited is engaged in offering logistics services to exporters and importers. They initially started as freight forwarders and shipping agents in the year 2005. The offerings of the company revolves around Clearing & forwarding of export containers, FCL & Break-bulk, and Freight Broking, and having contracts with Major Shipping Companies.

Seacoast Shipping Services is one largest freight forwarders in Gujarat. The services offered by the company include-

  • Coastal Trade
  • Mining and Transportation
  • Ship Chartering
  • Warehousing and Transportation of FMCG product
  • Freight Forwarding
  • Complete Logistics solution under one roof
  • Movements of liquid in dry containers using flexitanks
  • Cargo Operations

Objectives of the Issue

Seacoast Shipping Rights Issue Timetable

Last Date to buy shares12 July 2023
Record Date13 July 2023
Credit of Rights Entitlements
Bid/Offer Opens On21 July 2023
Renunciation of Rights Entitlements
Bid/Offer Closes On31 July 2023
Deemed Date of Allotment
Credit Date
Listing Date

Seacoast Shipping Rights Issue Details

Issue OpenJul 21, 2023 – Jul 31, 2023
Security NameSeacoast Shipping Services Ltd
Issue Size (Shares)202,005,000
Issue Size (Amount)₹48.48 Crores
Issue Price₹2.4 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentThe Issue Price of Rs. 2.40/- per Equity Share shall be payable at the time of application.
Entitlement3 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Company Contact Information

Seacoast Shipping Services Ltd
D-1202, Swati Crimson and Clover,
Shilaj Circle, Sardar Patel Ring Road,
Thaltej, Ahmedabad -380054

Phone: +91 – 9904884444

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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