North Eastern Carrying Corporation Limited Right Issue

₹81.32 Cr BSE, NSE 14 Jun 2023 – 11 Jul 2023

Closed Ratio: 9 : 10 BSE, NSE
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Issue Price
₹18.00
Face Value
₹10.00
Issue Size (Shares)
45,177,602
Issue Size (₹ Cr.)
₹81.32
📅 Right Issue Timetable
Last Date to Buy SharesThu, Jun 1, 2023
Record DateFri, Jun 2, 2023
Credit of Rights EntitlementsTue, Jun 13, 2023
Bid/Offer Opens OnWed, Jun 14, 2023
Issue Open DateWed, Jun 14, 2023
Renunciation Last DateThu, Jul 6, 2023
Bid/Offer Closes OnTue, Jul 11, 2023
Issue Close DateTue, Jul 11, 2023
Deemed Date of AllotmentMon, Jul 24, 2023
Credit DateTue, Jul 25, 2023
Listing DateThu, Jul 27, 2023
📋 Right Issue Details
Issue Size (Shares)45,177,602
Issue Size (Amount)₹81.32 Cr.
Issue Price₹18.00 per share
Face Value₹10.00 per share
Entitlement Ratio9 : 10
Listing AtBSE, NSE
Terms of PaymentInvestors 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.
📊 Company Financials (Restated)
Period Ended2022-03-312021-03-312020-03-31
Income250.86232.74378.20
EBITDA
Net Worth98.9494.7243.09
Reserves & Surplus48.7444.5243.09

Amount in ₹ Crore

🏢 About the Company
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.
📞 Company Contact
CompanyNorth Eastern Carrying Corporation Limited
Address9062/47, NECC House,
Ram Bagh Road Azad Market,
Delhi-110 006
Delhi, New Delhi, 110006
Phone011-23517516
Emailco@neccgroup.com
WebsiteVisit ↗
📝 Registrar
NamePurva Sharegistry (India) Pvt.Ltd.
Phone022-41343255
Emailsupport@purvashare.com
WebsiteVisit ↗