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G G Engineering Limited Rights Issue (G G Engineering Rights Issue) Detail

August 22, 2022 - September 7, 2022
G G Engineering Limited Logo

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.

G G Engineering Rights Issue Detail

Issue Open August 22, 2022 - September 7, 2022
Security Name G G Engineering Limited
Issue Size (Shares) 277,578,135
Issue Size (Amount) ₹49.96 Crores
Issue Price ₹1.8 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment The full amount of Rs 1.80 per share has to be paid at the time of Application.
Entitlement 35 Equity Shares for every 13 Equity Shares held on the Record Date

G G Engineering Rights Issue Issue Timetable

Record Date August 10, 2022
Credit of Rights Entitlements August 16, 2022
Bid/Offer Opens On August 22, 2022
Renunciation of Rights Entitlements September 1, 2022
Bid/Offer Closes On September 7, 2022
Deemed Date of Allotment September 13, 2022
Credit Date September 15, 2022
Listing Date September 19, 2022

Company Financials

G G Engineering Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2127.760.1714.974.66
31-Mar-2215.14-0.2416.165.85
Amount in ₹ Crore

Objects of the Issue:

The objects of the Issue are:

1. To meet out the working capital requirements.

2. General Corporate Purposes.

3. To meet out Issue Expense,

G G Engineering Rights Issue Documents

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Company Contact Information

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

Phone: +917669359191
Email: rights.ggengg@gmail.com
Website: https://www.ggengg.in/

G G Engineering Rights Issue Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: murali.m@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

G G Engineering Rights Issue Lead Manager(s)

G G Engineering Rights Issue FAQs

The G G Engineering Rights Issue opens on August 22, 2022, and closes on September 7, 2022.

G G Engineering Rights Issue Schedule

Last Date for credit of Rights EntitlementsAugust 16, 2022
Last Date for renunciation of Rights EntitlementsSeptember 1, 2022
Issue Opening DateAugust 22, 2022
Issue Closing DateSeptember 7, 2022
Date of Allotment (on or about)September 13, 2022
Date of Credit (on or about)September 15, 2022
Date of Listing (on or about)September 19, 2022

G G Engineering Rights Issue price is set at ₹1.8 per share per equity share.

The eligible shareholders are being offered 35 Equity Shares for every 13 Equity Shares held on the Record Date (August 10, 2022).

The record date for the G G Engineering Rights Issue is August 10, 2022.

The issue size of G G Engineering Rights Issue is of 277,578,135 equity shares at ₹1.8 per share aggregating upto ₹49.96 Crores.

The Letter of Offer for G G Engineering Rights Issue can be download here.

You can apply for G G Engineering Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for G G Engineering Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the G G Engineering Rights Issue available on the list.
  4. Click the Apply button next to the G G Engineering Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for G G Engineering Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select G G Engineering Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

23 Comments

3. IrshD     Link|August 11, 2022 12:19:33 AM
How I apply for RE
2. Ashok     Link|August 10, 2022 11:45:41 AM
I have 1800 shares. How much i get if i apply for right issue?
2.1. MS ASSOCIATE     Link|August 10, 2022 4:35:19 PM
Sory Sir,mistake by our staff.
Apply 269 Shares in right issue at 1.80/-on 22 Aug 2022.
Befor opening of issue GG Eng RE credited to your demat account.
1. Vinod     Link|August 8, 2022 3:29:33 PM
I have 100 shares. How many share I can apply for.
1.1. MS ASSOCIATE     Link|August 9, 2022 5:09:11 PM
35 Equity Shares for every 13 Equity Shares,
Apply 2692 Shares
1.2. Vinod Kumar     Link|August 10, 2022 12:13:32 PM
You mean 269 shares? I have only 100 shares not 1000. Although your calculation helped. Thank you.

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