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Right Issue Status: Closed [19th Jul 2022 to 2nd Aug 2022]
Maharashtra Corporation Right Issue Rs. 49.62 Cr opens for subscription from 19 July to 2 August 2022. The company issues 11 rights equity shares for every 3 fully paid-up equity shares held on the record date, 8 July 2022. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs. 1 per share. 25% is payable on the application and the rest 75% is payable on one or more subsequent calls. Stay updated with us to know more about the Maharashtra Corporation Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
The net proceeds from the right issue to be used for the below purposes;
| Maharashtra Corporation Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 49.62 Cr |
| Right Issue Issue Size (Amount) | ₹49.62 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹1 per share |
| Right Issue Record Date | 8th Jul 2022 |
| Right Issue Entitlement | 11 Rights equity share for every 3 fully paid-up shares held as on the record date |
| Right Issue Terms of payment | Rs. 0.25 per share is payable on the application, and rest 0.75/share is payable on one or more subsequent calls. |
| Listing At | BSE |
| BSE Code | 505523 |
| NSE Code |
In this section we have covered all important dates related to Maharashtra 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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 19th Jul 2022 |
| Right Issue Issue Close Date | 2nd Aug 2022 |
| Basis of Allotment Finalisation Date* | 17th Aug 2022 |
| Refunds Initiation* | 19th Aug 2022 |
| Credit of Shares to Demat Account* | 19th Aug 2022 |
| Right Issue Listing Date* | 22nd Aug 2022 |
* - Tentative Dates
Zerodha Trade@20
Maharashtra Corporation Ltd primarily undertakes investing, trading, and distribution of different types of textile products. The company has a strong product portfolio including gunnies, handicrafts, hessian, tea, shellac, tobacco, hides, skins, kapocks, cotton, cotton goods, myrobalan, nux, indigo, oils, oilcakes, fertilizers, manure, rubber, dates, rice, seeds, chemicals, colour, paints, pigments, timber, iron, steel, etc.
Past performance and financial results of Maharashtra Corporation.
| Maharashtra Corporation Financials (₹ in Lakh) | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|
| Total Assets | ₹1346.21 | ₹1289.83 |
| Total Income | ₹41.79 | ₹1.910 |
| Net Profit/Loss | ₹0.56 | ₹-7.31 |
The table below is live update of Right Issue bidding details from NSE and BSE.
Maharashtra Corporation Right Issue Offer Document (Letter of Offer) >>Document
Maharashtra Corporation Right Issue Offer Document (Letter of Offer) >>Maharashtra Corporation Right Issue Red Herring Prospectus is not yet available.
Maharashtra Corporation Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Maharashtra Corporation Right Issue Online Application (Registrar & Transfer Agent) >>Maharashtra Corporation Right Issue RTA information is not yet available.
Last Updated on 2022-10-01T12:15:25+00:00
