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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.
Issue Open | June 14, 2023 - July 11, 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 | 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. |
Entitlement | 9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | June 1, 2023 |
Record Date | June 2, 2023 |
Credit of Rights Entitlements | June 13, 2023 |
Bid/Offer Opens On | June 14, 2023 |
Renunciation of Rights Entitlements | July 6, 2023 |
Bid/Offer Closes On | July 11, 2023 |
Deemed Date of Allotment | July 24, 2023 |
Credit Date | July 25, 2023 |
Listing Date | July 27, 2023 |
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 company intends to utilize the net proceeds from the issue towards the funding of the following objects:
North Eastern Carrying Corporation Limited
9062/47, NECC House,
Ram Bagh Road Azad Market,
Delhi-110 006
Phone: 011-23517516, 17, 18, 19
Email: co@neccgroup.com
Website: http://neccgroup.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The North Eastern Carrying Corp. Rights Issue 2023 opens on June 14, 2023, and closes on July 11, 2023.
North Eastern Carrying Corp. Rights Issue 2023 Schedule
Last Date for credit of Rights Entitlements | June 13, 2023 |
Last Date for renunciation of Rights Entitlements | July 6, 2023 |
Issue Opening Date | June 14, 2023 |
Issue Closing Date | July 11, 2023 |
Date of Allotment (on or about) | July 24, 2023 |
Date of Credit (on or about) | July 25, 2023 |
Date of Listing (on or about) | July 27, 2023 |
North Eastern Carrying Corp. Rights Issue 2023 price is set at ₹18 per share per equity share.
The eligible shareholders are being offered 9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (June 2, 2023).
The record date for the North Eastern Carrying Corp. Rights Issue 2023 is June 2, 2023.
The issue size of North Eastern Carrying Corp. Rights Issue 2023 is of 45,177,602 equity shares at ₹18 per share aggregating upto ₹81.32 Crores.
The Letter of Offer for North Eastern Carrying Corp. Rights Issue 2023 can be download here.
You can apply for North Eastern Carrying Corp. Rights Issue 2023 in two ways:
Steps to apply for North Eastern Carrying Corp. Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for North Eastern Carrying Corp. Rights Issue 2023 using Registrar's website (R-WAP)
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