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Maharashtra Corporation Iimíted Rights Issue (Maharashtra Corporation Rights Issue 2022) Detail

Jul 19, 2022 - Aug 17, 2022
Maharashtra Corporation Iimíted Logo

Maharashtra Corporation Ltd is engaged in the business of investing, trading, and distribution of textiles products, such as gunnies, handicrafts, hessian, tea, shellac, tobacco, hides, skins, kapocks, cotton, cotton goods, myrobalan, nux, indigo, oils, oilcakes, fertilizers, manure, rubber, dates, rice, seeds, chemicals, colour, paints, pigments, timber, iron, steel, carpets and all kinds of goods, products, commodities, articles and things manufactured from or containing in any manner and from any of the foregoing commodities and all goods, products, commodities, articles and things.

Maharashtra Corporation Rights Issue 2022 Detail

Issue Open Jul 19, 2022 - Aug 17, 2022
Security Name Maharashtra Corporation Iimíted
Issue Size (Shares) 496,222,210
Issue Size (Amount) ₹49.62 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Investors will have to pay Rs 0.25 on application and Rs 0.75 will be paid in one or more subsequent Calls as determined by the Board at its sole discretion from time to time.

Entitlement 11 Rights Equity Shares for every 3 fully paid-up Equity Shares held on the Record Date

Maharashtra Corporation Rights Issue 2022 Issue Timetable

Record Date Jul 8, 2022
Credit of Rights Entitlements Jul 15, 2022
Bid/Offer Opens On Jul 19, 2022
Renunciation of Rights Entitlements Jul 27, 2022
Bid/Offer Closes On Aug 17, 2022
Deemed Date of Allotment Aug 17, 2022
Credit Date Aug 19, 2022
Listing Date Aug 22, 2022

Company Financials

Summary of financial Information
Particulars For the year/period ended (Rs.in Lakhs)
  31-Mar-21 31-Mar-20
Total Assets 1,346.40 1,216.73
Total Income 41.79 1.910
Profit After Tax 0.56 -7.31

Objects of the Issue:

The Company proposes to utilize the Net Proceeds to:

1. To finance the purchase, development and construction related expenditures of our Planned Projects.

2. General Corporate Purposes.

Maharashtra Corporation Rights Issue 2022 Documents

Maharashtra Corporation Rights Issue 2022 Rating

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Maharashtra Corporation Rights Issue 2022 Reviews

Company Contact Information

Maharashtra Corporation Iimíted
907/908, Dev Plaza,
S.V. Road, Andheri (West),
Mumbai – 400058

Phone: 022-67424815
Email: mcl@visagar.com
Website: http://mcl.visagar.com/

Maharashtra Corporation Rights Issue 2022 Registrar

  1. Adroit Corporate Services Pvt Ltd
    Phone: 91- 22- 2859 6060/2859 4060
    Email: info@adroitcorporate.com
    Website: http://www.adroitcorporate.com

Maharashtra Corporation Rights Issue 2022 Lead Manager(s)

Maharashtra Corporation Rights Issue 2022 FAQs

The Maharashtra Corporation Rights Issue 2022 opens on Jul 19, 2022, and closes on Aug 17, 2022.

Maharashtra Corporation Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsJul 15, 2022
Last Date for renunciation of Rights EntitlementsJul 27, 2022
Issue Opening DateJul 19, 2022
Issue Closing DateAug 17, 2022
Date of Allotment (on or about)Aug 17, 2022
Date of Credit (on or about)Aug 19, 2022
Date of Listing (on or about)Aug 22, 2022

Maharashtra Corporation Rights Issue 2022 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 11 Rights Equity Shares for every 3 fully paid-up Equity Shares held on the Record Date (Jul 8, 2022).

The record date for the Maharashtra Corporation Rights Issue 2022 is Jul 8, 2022.

The issue size of Maharashtra Corporation Rights Issue 2022 is of 496,222,210 equity shares at ₹1 per share aggregating upto ₹49.62 Crores.

The Letter of Offer for Maharashtra Corporation Rights Issue 2022 can be download here.

You can apply for Maharashtra Corporation Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Maharashtra Corporation Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Maharashtra Corporation Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Maharashtra Corporation Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

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 Maharashtra Corporation Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Maharashtra Corporation Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

11 Comments

11. Janardan Baban kamble   I Like It. | Report Abuse |   Link | Sep 19, 2022 1:59:00 AM Reply
Mera Clint I'd EKU937 Hai
Please Muje right issue ke share collect Nahi mile please share Kaise millege Mera account zerodha me Hai
Please replay
10. PRAKASHCHANDRA KANTILAL SHAH   I Like It. | Report Abuse |   Link | Aug 4, 2022 2:54:14 PM Reply
PRAKASHCHNADRA KANTILAL SHAH DP ID-IN301774 CLIENT ID-10913585 RELIGARE BROKING LTD IAM HOLDING 2000 SHARES I HAVE NOT RECEIVED RIGHT ISSUE FORM.PLEASE SEND.
9. Shilpa   I Like It. | Report Abuse |   Link | Jul 31, 2022 11:52:48 PM Reply
Please send me Right issue / Entitlement link.
Unable to apply for Net Banking
9.1. satya   I Like It. | Report Abuse |   Link | Aug 2, 2022 4:31:54 PM
I'm able to apply through sbi/axis net banking-asba option.
8. satya   I Like It. | Report Abuse |   Link | Aug 2, 2022 4:31:08 PM Reply
It seems, the deadline is extended till 17th August. We can apply through SBI/AXIS net banking-ASBA option.
7. TUSHAR DESHMUKH   I Like It. | Report Abuse |   Link | Jul 21, 2022 12:23:27 PM Reply
SBI account linked holder has not get option for applying M.C. RE Shares through online internet banking at IPO option.
Adroit Corporate Services Pvt. Ltd. provide only information of allotted RE shares but not give the online option to purchase/apply it.
Please suggest the proper solution for applying through online method.
7.1. SUSMITA ROY   I Like It. | Report Abuse |   Link | Jul 30, 2022 8:50:58 PM
Pl send right issue link for online apply
6. RAMRAJ   I Like It. | Report Abuse |   Link | Jul 26, 2022 4:11:17 PM Reply
i have 1400 share but still not received RE OFFER FORM

PLEASE SEND ME FORM AND PAYMENT LINK
5. Swarup Navale   I Like It. | Report Abuse |   Link | Jul 21, 2022 9:45:45 AM Reply
How to apply for RE shares online , pls provide me link
5.1. NARENDRA HARIKISHAN BIHANI   I Like It. | Report Abuse |   Link | Jul 25, 2022 5:14:17 PM
Tri to kotak bank account Maine apply kiya hai Kotak Bank ke dwara
4. Saroj Pandit   I Like It. | Report Abuse |   Link | Jul 23, 2022 5:57:24 PM Reply
I have not recd right issue form till date nor any mail from you and REGISTRAR
Saroj Pandit
3. MahendraSable   I Like It. | Report Abuse |   Link | Jul 21, 2022 4:43:23 PM Reply
SBI account linked holder has not get option for applying M.C. RE Shares through online internet banking at IPO option.
Adroit Corporate Services Pvt. Ltd. provide only information of allotted RE shares but not give the online option to purchase/apply it.
Please suggest the proper solution for applying through online method.
2. D.S.VAJAPEYAM   I Like It. | Report Abuse |   Link | Jul 20, 2022 7:28:10 PM Reply
I am holding 1000 shares but I have not received the offer letter yet.

D.S.VAJAPEYAM
1. Hasmukh Modi   I Like It. | Report Abuse |   Link | Jul 20, 2022 4:34:37 PM Reply
Please send me right issue form