Coastal Corporation Rights issue 2022 Date will be open from 12 September 2022 and closes on 27 September 2022. The company has set a record date of the rights issue on 26 August 2022. The company will offer 19,29,800 Shares through this rights issue and through this issue and the company will collect ₹43.42 Crores. and the company Coastal Corporation Rights Issue Price of this issue has been announced at ₹225 per share as per the face value of ₹10.
The Coastal Corporation Ltd Company is engaged in the business of trading of various Chemicals Compounds, Polymers, PVC Resins, Plastic granules, items related to Plastic industry, etc. We are engaged in the business of manufacturing recycling materials and trading Polymer Compounds. We are an ISO 9001:2015 compliant Company. Until the year 2019, our Company was only engaged in the business of trading Polymer compounds.
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Our Company in the year 2019 completed the acquisition of ‘Recycled and Trading Compounds Division’ of group concern ‘COASTAL CORPORATION Limited’ through demerger under the scheme of arrangement approved by Hon’ble National Company Law Tribunal. Pursuant to the completion of the said demerger, the equity shares of the Company were listed at both the Stock Exchanges, NSE and BSE on May 8, 2019. In December 2020, our Company also initiated trading in raw and finished cashew nuts to pursue one of its business strategies to venture into the FMCG Industry. However, the same is at the nascent stage.
Object of the Issue :
■ To meet working capital requirements of our Company
■ General Corporate Purposes.
Coastal Corporation Rights issue Review :
■ Apply
Coastal Corporation Rights issue 2022 Date & Price Details :
| Issue Open : | 12 September 2022 |
| Issue Close : | 27 September 2022 |
| Record Date : | 26 August 2022 |
| Issue Size : | ₹43.42 Cr |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹225 Per Share |
| Listing On : | BSE, NSE |
| Issue Shares Offer : | 19,29,800 |
| Ratio : | 1:6 |
Coastal Corporation Rights issue 2022 Date :
| Bid Open Date : | 12 September 2022 |
| Bid Close Date : | 27 September 2022 |
| Record Date : | 26 August 2022 |
| Allotment Date : | Announced Soon |
| Share Credit Date : | Announced Soon |
| Listing Date : | Announced Soon |
Coastal Corporation Financial Report (lakh):
| Year | Revenue | Expense | P&L |
| 2022 | ₹50,438.30 | ₹48,503.59 | ₹1,355.31 |
| 2021 | ₹48,193.80 | ₹45,580.64 | ₹1,841.34 |
How to apply Coastal Corporation Rights Issue :
- Visit the registrar’s website
- Go to the ‘Rights Issue’ section
- Select Coastal Corporation Rights Issue from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
Quick link :
■ Letter Of Offer
■ Application Form
Coastal Corporation Rights Issue Lead Manager :
Finshore Management Services Limited
“Anandlok”, Block-A, 2nd Floor,
Room No. 207, 227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Telephone: +91 33 22895101 / +91 33 4603 2561
Email Id: [email protected]
Website: www.finshoregroup.com
Investor Grievance Email Id: [email protected]
Coastal Corporation Rights Issue Registrar :
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai- 400059
Telephone: +91 22 6263 8200 / +91 22 6263 8222
Email: [email protected]
Website: www.bigshareonline.com
Investor Grievance Email id: [email protected]
Company Address :
Coastal Corporation Limited
15 – 1- 37 / 3, Jayapradha Apartments,
Nowroji Road, Maharanipeta, Visakhapatnam,
Andhra Pradesh, 530002
E-mail-id – [email protected]
Website- www.coastalcorp.co.in
Coastal Corporation Rights Issue 2022 FAQs :
What is Coastal Corporation Rights Issue Open Date?
Coastal Corporation Rights Issue 2022 Open date is 12 September 2022.
What is Coastal Corporation Rights Issue Close Date?
Coastal Corporation Rights Issue 2022 Close date is 27 September 2022.
When is Coastal Corporation Rights Issue 2022 Record Date?
Coastal Corporation Rights Issue 2022 record date is 26 August 2022.
What is Coastal Corporation Rights Issue Price?
The company has fixed the price at ₹225 per share.
What is Coastal Corporation Rights Issue 2022 Size?
The company Coastal Corporation Rights Issue Size is ₹43.42 Cr.
What is Coastal Corporation Rights Issue Ratio?
The company has fixed the ratio Of 1:6.
How to apply for Coastal Corporation Rights Issue 2022?
You can apply for the Coastal Corporation Rights Issue in two ways:
1 – Net Banking (ASBA) 2 – Registrar’s Website
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