Coastal Corporation 2022 Rights Issue Date will be available from September 12th to September 27th, 2022. The organization has chosen August 26, 2022, as the record date for the rights issue. The company will offer 19,29,800 shares through this rights issue and the company will collect 43.42 crores through this transaction. The price of this issue has been set at 225 per share, determined by a face value of ten.
The Coastal Corporation Ltd Company is in the business of trading various Chemical Compounds, Polymers, PVC Resins, Plastic Granules, Plastic Industry Items, and so on. We are in the business of producing recycled materials and trading Polymer Compounds. We have achieved ISO 9001:2015 certification. Until 2019, our Company was primarily engaged in the trading of Polymer compounds.
In 2019, our company completed the demerger acquisition of the ‘Recycled and Trading Compounds Division’ of group concern ‘COASTAL CORPORATION Limited’ under the scheme of arrangement approved by the Hon’ble National Company Law Tribunal. Following the completion of the abovementioned demerger, the Company’s equity shares were listed on both the NSE and BSE on May 8, 2019. Our Company also began trading in raw and finished cashew nuts in December 2020 as a part of one of its business plans to enter the FMCG industry. However, this is nonetheless in its early stages.
Purpose of the Issue :
- To meet working capital requirements of our Company
- General Corporate Purposes.
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 |
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: rightsissue@bigshareonline.com
Website: https://www.bigshareonline.com
Investor Grievance Email id: investor@bigshareonline.com
Company Address :
Coastal Corporation Limited
15 – 1- 37 / 3, Jayapradha Apartments,
Nowroji Road, Maharanipeta, Visakhapatnam,
Andhra Pradesh, 530002
E-mail ID : cs@coastalcorp.co.in
Website: https://www.coastalcorp.co.in
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: ramakrishna@finshoregroup.com
Website: https://www.finshoregroup.com
Investor Grievance Email ID: info@finshoregroup.com
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.
Coastal Corporation Rights Issue 2022 FAQs :
Q1. What is Coastal Corporation Rights Issue Open Date?
Ans. Coastal Corporation Rights Issue 2022 Open date is 12 September 2022.
Q2. What is Coastal Corporation Rights Issue Close Date?
Ans. Coastal Corporation Rights Issue 2022 Close date is 27 September 2022.
Q3. When is Coastal Corporation Rights Issue 2022 Record Date?
Ans. Coastal Corporation Rights Issue 2022 record date is 26 August 2022.
Q4. What is Coastal Corporation Rights Issue Price?
Ans. The company has fixed the price at ₹225 per share.
Q5. What is Coastal Corporation Rights Issue 2022 Size?
Ans. The company Coastal Corporation Rights Issue Size is ₹43.42 Cr.
Q6. What is Coastal Corporation Rights Issue Ratio?
Ans. The company has fixed the ratio Of 1:6.
Q7. How to apply for Coastal Corporation Rights Issue 2022?
Ans. You can apply for the Coastal Corporation Rights Issue in two ways:
1. Net Banking (ASBA)
2. Registrar’s Website
