Gyscoal Alloys IPO : Opening on 13th Oct 2010

by khalid on 07/10/2010 · 0 comments

Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and manufacturer of stainless steel products. The company is entering into primary market with an Initial Public Offer (IPO) of Rs. 55 Crores . The IPO is opening on 13th Oct 2010 and the shares will be available for subscription up to 14th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 65 – Rs. 71 Per Equity Share.

The proceeds of this IPO will be used for finance capital expenditure, for enhancing production, to meet the long term working capital requirements and to meet general corporate purpose.

The Promoters of the Company are Mr. Viral M. Shah, Mr. Manish M. Shah, Mrs. Giraben K. Solanki, Mr. Zankarsinh K. Solanki and General Capital And Holding Company Private Limited

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 13th Oct 2010 – 15th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 7,700,000 Equity Shares of Rs 10 each
Issue Size : Rs. 50.05 – Rs 54.67 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 65 – Rs. 71 Per Equity Share
Market Lot : 90 Shares
Minimum Bid Quantity : 90 Shares
Listing At : BSE, NSE

The sole book running lead manager to the issue is Chartered Capital and Investment Limited.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: