₹48.15 Crores | Listing at BSE | Thu, Dec 12, 2024 - Fri, Dec 20, 2024
Gujarat Natural Resources Limited Rights Issue comprises 4.82 Cr equity shares aggregating to ₹48.15 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Dec 3, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 5.
The term of payment is defined as following : Amount will be payable at per Rights Equity Share.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 26, 2024.
The Rights Issue opens on Dec 12, 2024, and closes on Dec 20, 2024, with renunciation of Rights Entitlements permitted up to Nov 17, 2024.
The deemed date of allotment is Dec 26, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 31, 2024 and listed at the BSE on Jan 1, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gujarat Natural Resources Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Dec 3, 2024
Entitlement Ratio
3 : 5
Open Date
Thu, Dec 12, 2024
Close Date
Fri, Dec 20, 2024
Amount will be payable at per Rights Equity Share.
Gujarat Natural Resources Limited's revenue increased by 93.29% and profit after tax (PAT) rose by 37.41% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 159.50 | 162.85 | 155.82 |
| Revenue | 27.70 | 14.33 | 9.46 |
| Profit After Tax | -3.88 | -6.20 | -4.09 |
| Reserves and Surplus | 39.72 | 44.86 | 4,527,840.00 |
| Amount in ₹ Crore | |||
Gujarat Natural Resources Limited (GNRL), incorporated on August 23, 1991, is an Indian company that focuses on oil and gas exploration and production. It operates in the upstream part of the industry, concentrating on finding, developing, and producing crude oil and natural gas.
GNRL, through its subsidiary GNRL Oil & Gas Limited, holds interests in six producing blocks in the Cambay basin and operates five of them..
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company is engaged in oil and gas segment related servicing. It posted listless performances so far. The RI is at par value, but higher base of equity post-RI may have its servicing issues. Well-informed/cash surplus/risk seekers may park moderate funds for long term. Read detail review...
Gujarat Natural Resources Rights Issue 2024 got oversubscribed by 4.59 times by the end of the bidding period with total bid quantity received by BSE of 22,12,24,486 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 20 2024 17:00:00 | 22,12,24,486 | 4.59x |
Gujarat Natural Resources Limited
906 - 910, 9th Floor,
Anam-1, Nr Parimal Garden,
Ahmedabad, 38006, Gujarat
Ahmedabad, Gujarat
Purva Sharegistry (India) Pvt.Ltd.
The Gujarat Natural Resources Rights Issue 2024 opens on Thu, Dec 12, 2024, and closes on Fri, Dec 20, 2024.
Gujarat Natural Resources Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Dec 9, 2024 |
| Last Date for renunciation of Rights Entitlements | Sun, Nov 17, 2024 |
| Issue Opening Date | Thu, Dec 12, 2024 |
| Issue Closing Date | Fri, Dec 20, 2024 |
| Date of Allotment (on or about) | Thu, Dec 26, 2024 |
| Date of Credit (on or about) | Tue, Dec 31, 2024 |
| Date of Listing (on or about) | Wed, Jan 1, 2025 |
You can apply for Gujarat Natural Resources Rights Issue 2024 in two ways:
Steps to apply for Gujarat Natural Resources Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Gujarat Natural Resources Rights Issue 2024 using Registrar's website (R-WAP)
