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Coastal Corporation Rights Issue Details 2022, Entitlement, Record Date

Right Issue Status: Closed [12th Sep 2022 to 27th Sep 2022]

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Coastal Corporation Right Issue Detail

Coastal Corporation Right Issue of Rs 43.42 Cr opens for subscription from Sept 12 to Sept 27, 2022. The company issues 1 right equity shares for every 6 fully paid-up equity share held on the record date, Aug 26 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 225 per share. The amount of Rs 56 is paid at the time of application and rest at the time of future calls when board decides. Stay updated with us to know more about the Coastal Corporation Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Coastal Corporation Right Issue Objective

  • To invest in Wholly owned subsidiaries Coastal Biotech Private Limited (“CBPL”) and Continental Fisheries India Limited (“CFIL”).
  • To meet issue expenses 
  • To meet general corporate purposes

Coastal Corporation Right Issue Details

Coastal Corporation Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 1,929,800 Eq Shares
Right Issue Issue Size (Amount) ₹43.42 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹225 per share
Right Issue Record Date 26th Aug 2022
Right Issue Entitlement 1 Rights Equity Share for every 6 Equity Shares held on the Record Date
Right Issue Terms of payment The amount of ₹56.25 per share has to be paid at the time of Application and the balance is to be paid in two calls as determined by the board
Listing At BSE
BSE Code 501831
NSE Code

Coastal Corporation Right Issue Dates

In this section we have covered all important dates related to Coastal Corporation Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Coastal Corporation Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 12th Sep 2022
Right Issue Issue Close Date 27th Sep 2022
Basis of Allotment Finalisation Date* 4th Oct 2022
Refunds Initiation* 6th Oct 2022
Credit of Shares to Demat Account* 11th Oct 2022
Right Issue Listing Date* 14th Oct 2022

* - Tentative Dates

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  • About Company - Coastal Corporation

    Coastal Corporation offers premium seafood which are produced strictly under the guidelines of sustainable harvesting and production processes. The key product line of the company consists of sea caught and aquaculture shrimps, value added and processed, raw or cooked in frozen blocks or IQF forms. It produces high quality, safe and hygenic seafood. It adheres to the HAACP, BRC & BAP quality standards. 

    The company has two plants with hygiene, cleanliness and meticulous maintenance of machines and equipment. The plants have a capacity of 47.5 metric tonnes and 25 metric tonnes per day each.

    Coastal Corporation Right Issue Strengths

    • Locations of processing units.
    • Experienced Management team.
    • Quality products
    • Various brands namely “Coastal”, “Coastal Premium”, “Coastal Gold”, “Jewel” and “President”.

    Coastal Corporation Financials

    Past performance and financial results of Coastal Corporation.

    thead>
    Coastal Corporation Limited Financials (₹ in Cr) 31-Mar-2022 31-Mar-2021
    Total Assets ₹397.57 ₹327.87
    Total Income ₹504.38 ₹481.94
    Net Profit/Loss ₹13.55 ₹18.41

    Company Address

    Coastal Corporation Limited
    15-1-37/3, Jayaprada Apartments, Nowroji Road, Maharanipeta,
    Vishakhapatnam,Andhra Pradesh-530002
    India
    Website: https://coastalcorp.co.in/
    Phone: +91 - 891 - 2567132
    Email: [email protected]

    Registrar

    Bigshare Services Pvt Ltd
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis,Makwana Road,
    Marol, Andheri(E), Mumbai - 400 059
    Website: http://www.bigshareonline.com
    Phone: +91-22-6263 8200
    Email: [email protected]

    Lead Manager

    1. Finshore Management Services Limited

    Coastal Corporation Right Issue Offer Document (Letter of Offer) >>Document

    Coastal Corporation Right Issue Online Application (Registrar & Transfer Agent) >>Coastal Corporation Right Issue RTA information is not yet available.

    Coastal Corporation Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Coastal Corporation? Should I apply in Coastal Corporation Right Issue?

    Last Updated on 2022-09-09T11:34:44+00:00


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