₹41.13 Crores | Listing at BSE, NSE | Thu, Mar 16, 2023 - Thu, Mar 23, 2023
Gokul Agro Resources Limited Rights Issue comprises 0.4471 Cr equity shares aggregating to ₹41.13 Cr, offered at an issue price of ₹92 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Mar 8, 2023, with the Rights Issue being offered in the entitlement ratio of 1:32.
As per the terms of payment, ₹92 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 13, 2023.
The Rights Issue opens on Mar 16, 2023 and closes on Mar 23, 2023.
The deemed date of allotment is Mar 31, 2023, following which the equity shares are expected to be credited to demat accounts on Apr 6, 2023 and listed on NSE and BSE on Apr 11, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gokul Agro Resources Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Mar 8, 2023
Entitlement Ratio
1 : 32
Open Date
Thu, Mar 16, 2023
Close Date
Thu, Mar 23, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1,553.54 | 8,391.02 | 44.69 |
| 31-Mar-22 | 1,717.09 | 10,407.35 | 122.91 |
| Amount in ₹ Crore | |||
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:
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.
The Company proposes to utilize the Net Proceeds towards the following objects:
[Dilip Davda] The issue appears fully priced based on its working and the market quotes. GARL has posted steady growth in its top and bottom lines for the reported periods. The RI is at a mere discount of around 14.01% based on its last traded price of Rs. 107.00 as of March 14, 2023. Cash surplus/well-informed investors may park funds with a long-term perspective. Read detail review...
Gokul Agro Resources Limited
Crown 3, Inspire Business Park, Shantigram,
Nr. Vaishnodevi Circle, S.G. Highway,
Anmedabad- 382421
The Gokul Agro Resources Rights Issue 2023 opens on Thu, Mar 16, 2023, and closes on Thu, Mar 23, 2023.
Gokul Agro Resources Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Mar 13, 2023 |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 17, 2023 |
| Issue Opening Date | Thu, Mar 16, 2023 |
| Issue Closing Date | Thu, Mar 23, 2023 |
| Date of Allotment (on or about) | Fri, Mar 31, 2023 |
| Date of Credit (on or about) | Thu, Apr 6, 2023 |
| Date of Listing (on or about) | Tue, Apr 11, 2023 |
You can apply for Gokul Agro Resources Rights Issue 2023 in two ways:
Steps to apply for Gokul Agro Resources Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Gokul Agro Resources Rights Issue 2023 using Registrar's website (R-WAP)
