₹49.96 Crores | Listing at BSE | Mon, Aug 22, 2022 - Wed, Sep 7, 2022
G G Engineering Limited Rights Issue comprises 27.76 Cr equity shares aggregating to ₹49.96 Cr, offered at an issue price of ₹1.8 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Aug 10, 2022.
The term of payment is defined as following : The full amount of Rs 1.80 per share has to be paid at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 13, 2022.
The Rights Issue opens on Aug 22, 2022, and closes on Sep 7, 2022, with renunciation of Rights Entitlements permitted up to Sep 1, 2022.
The deemed date of allotment is Sep 13, 2022, following which the equity shares are expected to be credited to demat accounts on Sep 15, 2022 and listed at the BSE on Sep 19, 2022.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the G G Engineering Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Aug 10, 2022
Entitlement Ratio
:
Open Date
Mon, Aug 22, 2022
Close Date
Wed, Sep 7, 2022
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 27.76 | 0.17 | 14.97 | 4.66 |
| 31-Mar-22 | 15.14 | -0.24 | 16.16 | 5.85 |
| Amount in ₹ Crore | ||||
GG Engineering Limited supplies industrial engines for various applications, marine engines, sheet metals for air conditioning components, custom-built generator sets for both stationary and mobile applications and spare parts for diesel genset to the local and International markets. The company was established to cater to the rising demand for quality sheet metal and heavy steel products.
Inspired by the Swachh Bharat Abhiyan, GG Engineering has launched India's first fully-automated and smart Reverse Vending Machines (RVMs) to enable environment-friendly disposal of plastic and other wastes.
The objects of the Issue are:
1. To meet out the working capital requirements.
2. General Corporate Purposes.
3. To meet out Issue Expense,
[Dilip Davda] The company has posted dismal financial performance so far. Promoters’ holding has come to a minuscule level below 2% and it is a major worry. The counter is well managed by vested interest to lure investors to this RI. There is no harm in skipping this greedily-priced RI. Read detail review...
G G Engineering Limited
Office No.: 203, 2nd floor,
Shivam Chambers Premises CS Ltd, Near Sahara India
CTS No. 39, S.V. Road, Goregaonm Mumbai -400104
Goregaon, Maharashtra, 400104
The G G Engineering Rights Issue opens on Mon, Aug 22, 2022, and closes on Wed, Sep 7, 2022.
G G Engineering Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Tue, Aug 16, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, Sep 1, 2022 |
| Issue Opening Date | Mon, Aug 22, 2022 |
| Issue Closing Date | Wed, Sep 7, 2022 |
| Date of Allotment (on or about) | Tue, Sep 13, 2022 |
| Date of Credit (on or about) | Thu, Sep 15, 2022 |
| Date of Listing (on or about) | Mon, Sep 19, 2022 |
You can apply for G G Engineering Rights Issue in two ways:
Steps to apply for G G Engineering Rights Issue using Net Banking (ASBA)
Steps to apply for G G Engineering Rights Issue using Registrar's website (R-WAP)
