₹49.86 Crores | Listing at BSE, NSE | Thu, Apr 27, 2023 - Tue, May 9, 2023
GI Engineering Solutions Limited Rights Issue comprises 4.99 Cr equity shares aggregating to ₹49.86 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 18, 2023, with the Rights Issue being offered in the entitlement ratio of 11:8.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Issue opens on Apr 27, 2023 and closes on May 9, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the GI Engineering Solutions Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Apr 18, 2023
Entitlement Ratio
11 : 8
Open Date
Thu, Apr 27, 2023
Close Date
Tue, May 9, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-18 | 14.24 | 0.02 | 0.09 |
| 31-Mar-19 | 8.28 | 0.05 | -0.08 |
| 31-Mar-20 | 9.16 | 0.12 | -0.04 |
| 31-Mar-21 | 4.59 | 0.20 | -2.52 |
| 31-Mar-22 | 4.44 | 0.11 | 0.01 |
| Amount in ₹ Crore | |||
Incorporated in 2006, GI Engineering Solutions Limited specializes in providing civil engineering and IT support services.
The company provides Civil Design, Project Management, Environmental Studies, Land Planning, Structural Design, and Surface Water Management services.
[Dilip Davda] Though this RI is at par, its negative NAV as of 31.12.22 and more than doubled paid-up equity capital post issue are the primary concerns. 9M of FY23 performance may not sustain going forward. There is no harm in skipping this issue which can be termed a “High Risk – Low Return” bet. Read detail review...
GI Engineering Solutions Limited
73A SDF-III, SEEPZ,
Andheri (East),
Mumbai-400 096
Mumbai, Maharashtra, 400096
The GI Engineering Solutions Rights Issue 2023 opens on Thu, Apr 27, 2023, and closes on Tue, May 9, 2023.
GI Engineering Solutions Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Wed, May 3, 2023 |
| Issue Opening Date | Thu, Apr 27, 2023 |
| Issue Closing Date | Tue, May 9, 2023 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for GI Engineering Solutions Rights Issue 2023 in two ways:
Steps to apply for GI Engineering Solutions Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for GI Engineering Solutions Rights Issue 2023 using Registrar's website (R-WAP)
