₹44.30 Crores | Listing at BSE | Thu, Sep 15, 2022 - Fri, Oct 14, 2022
Gautam Gems Limited Rights Issue comprises 4.03 Cr equity shares aggregating to ₹44.30 Cr, offered at an issue price of ₹11 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Sep 1, 2022.
As per the terms of payment, ₹11 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 6, 2022.
The Rights Issue opens on Sep 15, 2022 and closes on Oct 14, 2022.
The deemed date of allotment is Oct 12, 2022, following which the equity shares are expected to be credited to demat accounts on Oct 14, 2022 and listed on the BSE on Oct 17, 2022.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gautam Gems Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Sep 1, 2022
Entitlement Ratio
:
Open Date
Thu, Sep 15, 2022
Close Date
Fri, Oct 14, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 15.29 | 328.78 | 0.57 |
| 31-Mar-21 | 37.25 | 93.82 | 0.34 |
| 31-Mar-22 | 49.52 | 180.2 | 0.52 |
| Amount in ₹ Crore | |||
Incorporated in 2014, Gautam Gems Limited is an Importer, Exporter and Manufacturer of rough and polished diamonds. The company's registered and corporate office is located in Surat, which is the diamond hub of India.
Gautam Gems sell diamonds of multiple category, shape, cut, size and colour. The company offers Round Brilliant and All Fancy shape, 0.18 cts upto 15.00 its Size and D to N colour with all type of Fancy colour kind of diamonds is demanded by the customers.
The company have created and maintained an independent sales and distribution network for the products within the Domestic markets. Further to ensure customer satisfaction, quality supply of diamonds, timely delivery of orders and purchase-sale of authentic diamonds, Gautam Gems deals with the suppliers and customers on mutually agreed terms.
The company intends to utilize the issue proceeds toward the following objects:
[Dilip Davda] The counter is thinly traded and is under ASM ST – Stage 1 at present. GGL has posted inconsistency in its financial performance. Despite low promoter’s holding, the counter is well managed by vested interest to lure investors for this RI. Post RI, a four-fold jump in paid-up equity will have servicing issues. There is no harm in skipping this issue. Read detail review...
Gautam Gems Limited
3rd Floor, Office -301,
Sumukh Super Compound,
Vasta Devadi Road, Surat - 395004,
Surat, Gujarat, 395004
The Gautam Gems Rights Issue 2022 opens on Thu, Sep 15, 2022, and closes on Fri, Oct 14, 2022.
Gautam Gems Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Tue, Sep 6, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Sep 26, 2022 |
| Issue Opening Date | Thu, Sep 15, 2022 |
| Issue Closing Date | Fri, Oct 14, 2022 |
| Date of Allotment (on or about) | Wed, Oct 12, 2022 |
| Date of Credit (on or about) | Fri, Oct 14, 2022 |
| Date of Listing (on or about) | Mon, Oct 17, 2022 |
You can apply for Gautam Gems Rights Issue 2022 in two ways:
Steps to apply for Gautam Gems Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Gautam Gems Rights Issue 2022 using Registrar's website (R-WAP)
