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Gwalior Chemical Industries Ltd IPO (Gwalior Chemical IPO) Detail

September 11, 2006 - September 14, 2006

Gwalior Chemical IPO is a book built issue of Rs 80.00 crores.

Gwalior Chemical IPO bidding started from September 11, 2006 and ended on September 14, 2006. The shares got listed on BSE, NSE on October 4, 2006.

Gwalior Chemical IPO price band is set at ₹71 to ₹85 per share. The minimum lot size for an application is 75 Shares. The minimum amount of investment required by retail investors is ₹6,375.

Jm Morgan Stanley Private Limited is the book running lead manager of the Gwalior Chemical IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Gwalior Chemical IPO RHP for detailed information.

Gwalior Chemical IPO Details

IPO Date September 11, 2006 to September 14, 2006
Listing Date October 4, 2006
Face Value ₹10 per share
Price Band ₹71 to ₹85 per share
Lot Size 75 Shares
Total Issue Size[.] shares
(aggregating up to ₹80.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue14,800,000
Share holding post issue24,676,543

Gwalior Chemical IPO Lot Size

Investors can bid for a minimum of 75 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 75 ₹6,375
Retail (Max) 31 2325 ₹197,625
Lot Size Calculator

Gwalior Chemical IPO Promoter Holding

Share Holding Pre Issue 100%
Share Holding Post Issue 59.98%

About Gwalior Chemical Industries Ltd

Gwalior Chemical Industries Limited is a leading global producer of speciality chemical products.

GCIL has chemical plants at Nagda (Madhya Pradesh) and Ankleshwar (Gujarat) and supply chemical products to agrochemicals, pharmaceuticals, dyes and flavours & fragrance industries.

Gwalior Chemical Industries Produces:
1. Chlorotoluene range of products including Benzyl Chloride, Benzaldeyhde, Benzotrichloride, Benzyl Alcohol and its other derivatives.
2. Sulphur Chloride including Thionyl Chloride and Sulphuryl Chloride.
3. Viscose Dye Pigments catering to the textile sector.

Key Performance Indicator

The name of the company has been changed to Geecee Ventures Limited.

Gwalior Chemical IPO Prospectus

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Gwalior Chemical IPO Listing Details

Listing Date October 4, 2006
BSE Script Code 532764
ISIN INE916G01016
Final Issue Price ₹81 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Gwalior Chemical Industries Ltd Contact Details

Gwalior Chemical Industries Ltd
Gwalior Chemical Industries,
1 & 2, Western India House, Sir P.M. Road,
Fort, Mumbai � 400 001, India
Phone: +91-22-2287 3541

Gwalior Chemical IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Gwalior Chemical IPO - Buy or Not

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Gwalior Chemical IPO FAQs

Gwalior Chemical IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹80.00 Crores. The issue is priced at ₹71 to ₹85 per share. The minimum order quantity is 75 Shares.

The IPO opens on September 11, 2006, and closes on September 14, 2006.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gwalior Chemical IPO opens on September 11, 2006 and closes on September 14, 2006.

Gwalior Chemical IPO lot size is 75 Shares, and the minimum amount required is ₹6,375.

You can apply in Gwalior Chemical IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gwalior Chemical IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gwalior Chemical IPO allotment status.

The Gwalior Chemical IPO listing date is on October 4, 2006.
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Gwalior Chemical IPO Message Board

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4. Saathi |   Link |  Bookmark |September 29, 2006 10:34:56 PM
What is the listing date for Gwalior Chemcials
3. Satish Raj |   Link |  Bookmark |September 26, 2006 1:14:50 AM
Friends GCIL's IPO allocation has been finalized –
      for 525 applications – 81 allotments
      for 1125 applications – 174 allotments
2. Dhananjay |   Link |  Bookmark |September 11, 2006 4:53:13 AM
GCIL's exports have grown from Rs.4.90 cr. in FY03 to Rs.21.18 cr. in FY05 and Rs.52.65 cr. in FY06. To strengthen its exports, the company has incorporated a subsidiary in Belgium to provide marketing support and storage facilities.

GCIL's sales was Rs.170.63 cr. (Rs.136 cr.) and PAT of Rs.15.59 (Rs.13.02 cr.) for FY06 compared to a net sales and
adjusted profit after tax of Rs.136 cr.
1. Ragu |   Link |  Bookmark |September 9, 2006 5:38:53 AM
Strengths of Gwalior Chemical IPO:

1. A de-risked business model with broad customer base.

2. No new plants are coming up in the west to manufacture chlorinated compounds, which is expected to boost the outsourcing opportunities for Indian players. GCIL is expected to benefit by supplying high quality molecules at competitive costs.

3. With the expansion into high margin products, pursuing forward integration, and setting up a captive power plant, OPM is expected to move up.

4. Expected to benefit from in-house R&D team, which has helped to reengineer processes and cut costs.

Weaknesses of Gwalior Chemical IPO:

1. Important raw materials – toluene and chlorine – have witnessed wide fluctuations in pricing in the past and may continue fluctuating in the future.

2. Since the pricing of the products is based on import parity, any reduction in customs duty will have an adverse impact on margin.

3. Largely dependent on single suppliers for its key raw materials such as Reliance Industries for supply of toluene and Grasim Industries for chlorine at the Nagda facility.

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