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Seacoast Shipping Services Ltd Rights Issue (Seacoast Shipping Rights Issue 2023) Detail

July 21, 2023 - August 2, 2023
Seacoast Shipping Services Ltd Logo

Incorporated in 1982, Seacoast Shipping Services Limited is engaged in offering logistics services to exporters and importers. They initially started as freight forwarders and shipping agents in the year 2005.

The offerings of the company revolves around Clearing & forwarding of export containers, FCL & Break-bulk, and Freight Broking, and having contracts with Major Shipping Companies.

Seacoast Shipping Services is one largest freight forwarders in Gujarat. The services offered by the company include-

  • Coastal Trade
  • Mining and Transportation
  • Ship Chartering
  • Warehousing and Transportation of FMCG product
  • Freight Forwarding
  • Complete Logistics solution under one roof
  • Movements of liquid in dry containers using flexitanks
  • Cargo Operations

Seacoast Shipping Rights Issue 2023 Detail

Issue Open July 21, 2023 - August 2, 2023
Security Name Seacoast Shipping Services Ltd
Issue Size (Shares) 202,005,000
Issue Size (Amount) ₹48.48 Crores
Issue Price ₹2.4 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 2.40/- per Equity Share shall be payable at the time of application.

Entitlement 3 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Seacoast Shipping Rights Issue 2023 Issue Timetable

Last Date to buy sharesJuly 12, 2023
Record Date July 13, 2023
Credit of Rights Entitlements July 20, 2023
Bid/Offer Opens On July 21, 2023
Renunciation of Rights Entitlements July 27, 2023
Bid/Offer Closes On August 2, 2023
Deemed Date of Allotment August 9, 2023
Credit Date August 10, 2023
Listing Date August 14, 2023

Company Financials

Seacoast Shipping Services Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21148.75243.1611.10
31-Mar-22247.62127.812.55
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Working capital requirement
  2. General Corporate Purpose
  3. To meet Issue Expenses

Seacoast Shipping Rights Issue 2023 Documents

Seacoast Shipping Rights Issue 2023 Rating

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Seacoast Shipping Rights Issue 2023 Reviews

Company Contact Information

Seacoast Shipping Services Ltd
D-1202, Swati Crimson and Clover,
Shilaj Circle, Sardar Patel Ring Road,
Thaltej, Ahmedabad -380054

Phone: +91 – 9904884444
Email: mahaanimpex@gmail.com
Website: http://www.seacoastltd.com/

Seacoast Shipping Rights Issue 2023 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: sssl.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Seacoast Shipping Rights Issue 2023 Lead Manager(s)

Seacoast Shipping Rights Issue 2023 FAQs

The Seacoast Shipping Rights Issue 2023 opens on July 21, 2023, and closes on August 2, 2023.

Seacoast Shipping Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJuly 20, 2023
Last Date for renunciation of Rights EntitlementsJuly 27, 2023
Issue Opening DateJuly 21, 2023
Issue Closing DateAugust 2, 2023
Date of Allotment (on or about)August 9, 2023
Date of Credit (on or about)August 10, 2023
Date of Listing (on or about)August 14, 2023

Seacoast Shipping Rights Issue 2023 price is set at ₹2.4 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (July 13, 2023).

The record date for the Seacoast Shipping Rights Issue 2023 is July 13, 2023.

The issue size of Seacoast Shipping Rights Issue 2023 is of 202,005,000 equity shares at ₹2.4 per share aggregating upto ₹48.48 Crores.

The Letter of Offer for Seacoast Shipping Rights Issue 2023 can be download here.

You can apply for Seacoast Shipping Rights Issue 2023 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Seacoast Shipping 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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