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North Eastern Carrying Corporation Limited Rights Issue (North Eastern Carrying Corp. Rights Issue 2023) Detail

Jun 14, 2023 - Jun 27, 2023
North Eastern Carrying Corporation Limited Logo

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.

North Eastern Carrying Corp. Rights Issue 2023 Detail

Issue Open Jun 14, 2023 - Jun 27, 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
Entitlement 9 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

North Eastern Carrying Corp. Rights Issue 2023 Issue Timetable

Last Date to buy sharesJun 1, 2023
Record Date Jun 2, 2023
Credit of Rights Entitlements
Bid/Offer Opens On Jun 14, 2023
Renunciation of Rights Entitlements Jun 22, 2023
Bid/Offer Closes On Jun 27, 2023
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

North Eastern Carrying Corporation Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20199.48378.206.3943.0943.0976.12
31-Mar-21196.39232.741.4394.7244.5286.17
31-Mar-22217.87250.864.2298.9448.74100.94
Amount in ₹ Crore

North Eastern Carrying Corp. Rights Issue 2023 Documents

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Company Contact Information

North Eastern Carrying Corporation Limited

Ram Bagh Road Azad Market,
Delhi-110 006

Phone: 011-23517516, 17, 18, 19
Email: co@neccgroup.com
Website: http://neccgroup.com/

North Eastern Carrying Corp. Rights Issue 2023 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: http://www.purvashare.com

North Eastern Carrying Corp. Rights Issue 2023 Lead Manager(s)

North Eastern Carrying Corp. Rights Issue 2023 FAQs

The North Eastern Carrying Corp. Rights Issue 2023 opens on Jun 14, 2023, and closes on Jun 27, 2023.

North Eastern Carrying Corp. Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJun 22, 2023
Issue Opening DateJun 14, 2023
Issue Closing DateJun 27, 2023
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

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 (Jun 2, 2023).

The record date for the North Eastern Carrying Corp. Rights Issue 2023 is Jun 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:

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

Steps to apply for North Eastern Carrying Corp. Rights Issue 2023 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 North Eastern Carrying Corp. Rights Issue 2023 available on the list.
  4. Click the Apply button next to the North Eastern Carrying Corp. Rights Issue 2023.
  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 North Eastern Carrying Corp. Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select North Eastern Carrying Corp. Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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