₹43.42 Crores | Listing at BSE | Mon, Sep 12, 2022 - Tue, Sep 27, 2022
The timetable for Coastal Corporation Limited Rights Issue is as follows:
| Last Date for credit of Rights Entitlements | Mon, Sep 5, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Sep 21, 2022 |
| Issue Opening Date | Mon, Sep 12, 2022 |
| Issue Closing Date | Tue, Sep 27, 2022 |
| Date of Allotment (on or about) | Thu, Oct 6, 2022 |
| Date of Credit (on or about) | Tue, Oct 11, 2022 |
| Date of Listing (on or about) | Fri, Oct 14, 2022 |
Sorry, the Application Form for Coastal Corporation Rights Issue 2022 is not available at this time.
Coastal Corporation Rights Issue 2022 is expected to list on or around October 14, 2022.
The company intend to utilize the issue proceeds for the following objects:
1. Investment in our wholly owned Subsidiary, Coastal Biotech Private Limited ("CBPL") for part -financing its capital expenditure requirements in relation to the setting up of a manufacturing facility to manufacture 198 KLPD of Ethanol
2. Investment in our wholly owned Subsidiary, Continental Fisheries India Limited ("CFIL") for part -financing its capital expenditure requirements in relation to the setting up shrimp processing unit with installed capacity of 2,500 Kilograms Per Hour and 1,100MT Frozen Storage.
3. To meet the Issue Expenses.
4. General Corporate Purposes
It is difficult to predict the exact listing price of Coastal Corporation Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.
We do not provide Rights Issue recommendations. However, we share a lot of information about Coastal Corporation Limited which could help you with questions like whether to subscribe or not. Consider reading Coastal Corporation Limited reviews and analysis from experts posted on the Rights Issue detail page.
