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Gokul Agro Resources Limited Rights Issue (Gokul Agro Resources Rights Issue 2023) Detail

Mar 16, 2023 - Mar 23, 2023
Gokul Agro Resources Limited Logo

Incorporated in 2014, Gokul Agro Resources Limited is one of the leading FMCG Companies in India. GARL operates around the world with its trade. The company also has a subsidiary situated in Singapore to cater to its customers from different parts of the world.

In India only, Gokul Agro Resources Limited has a reach in over 20 states and serves with its strong marketing and distribution network. GARL is engaged in the manufacturing and exports of various industrial products such as castor oil of various grades and its derivatives.

The company's product line consists of products like:

  • Soya bean oil
  • Cottonseed oil
  • Palm oil (Palmolein)
  • Sunflower oil
  • Groundnut oil
  • Vanaspati

Gokul Agro has a state of the Art manufacturing and production facility fully equipped with the latest equipment and technology. This facility is located in Gandhidham, Gujarat, India.

One of the strengths of the company is its uninterrupted supply of raw materials with cost-effectiveness. This facilitates extensive distribution of the products in domestic as well as international markets.

Gokul Agro Resources Rights Issue 2023 Detail

Issue Open Mar 16, 2023 - Mar 23, 2023
Security Name Gokul Agro Resources Limited
Issue Size (Shares) 4,471,011
Issue Size (Amount) ₹41.13 Crores
Issue Price ₹92 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment

Full Amount of Rs. 92/- per Equity Share is payable on application by the Eligible Shareholder.

Entitlement 1 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date

Gokul Agro Resources Rights Issue 2023 Issue Timetable

Last Date to buy sharesMar 6, 2023
Record Date Mar 8, 2023
Credit of Rights Entitlements Mar 13, 2023
Bid/Offer Opens On Mar 16, 2023
Renunciation of Rights Entitlements Mar 17, 2023
Bid/Offer Closes On Mar 23, 2023
Deemed Date of Allotment Mar 31, 2023
Credit Date Apr 6, 2023
Listing Date Apr 11, 2023

Company Financials

Gokul Agro Resources Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211,553.548,391.0244.69
31-Mar-221,717.0910,407.35122.91
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards the following objects:

  1. Working Capital Requirements;
  2. General Corporate Purposes

Gokul Agro Resources Rights Issue 2023 Documents

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Company Contact Information

Gokul Agro Resources Limited
Crown 3, Inspire Business Park, Shantigram,
Nr. Vaishnodevi Circle, S.G. Highway,
Anmedabad- 382421

Phone: +91 - 9099908537
Email: garl@gokulagro.com
Website: https://www.gokulagro.com/

Gokul Agro Resources Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://www.bigshareonline.com/

Gokul Agro Resources Rights Issue 2023 Lead Manager(s)

Gokul Agro Resources Rights Issue 2023 FAQs

The Gokul Agro Resources Rights Issue 2023 opens on Mar 16, 2023, and closes on Mar 23, 2023.

Gokul Agro Resources Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsMar 13, 2023
Last Date for renunciation of Rights EntitlementsMar 17, 2023
Issue Opening DateMar 16, 2023
Issue Closing DateMar 23, 2023
Date of Allotment (on or about)Mar 31, 2023
Date of Credit (on or about)Apr 6, 2023
Date of Listing (on or about)Apr 11, 2023

Gokul Agro Resources Rights Issue 2023 price is set at ₹92 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date (Mar 8, 2023).

The record date for the Gokul Agro Resources Rights Issue 2023 is Mar 8, 2023.

The issue size of Gokul Agro Resources Rights Issue 2023 is of 4,471,011 equity shares at ₹92 per share aggregating upto ₹41.13 Crores.

The Letter of Offer for Gokul Agro Resources Rights Issue 2023 can be download here.

You can apply for Gokul Agro Resources Rights Issue 2023 in two ways:

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

Steps to apply for Gokul Agro Resources Rights Issue 2023 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 Gokul Agro Resources Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Gokul Agro Resources Rights Issue 2023.
  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 Gokul Agro Resources Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Gokul Agro Resources Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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