₹48.89 Crores | Listing at BSE | Fri, Jun 14, 2024 - Fri, Jul 12, 2024
Gujarat Toolroom Ltd. Rights Issue comprises 6.11 Cr equity shares aggregating to ₹48.89 Cr, offered at an issue price of ₹8 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jun 5, 2024, with the Rights Issue being offered in the entitlement ratio of 11 : 10.
The term of payment is defined as following : The Issue Price of ₹ 8/- per Equity Share shall be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 19, 2024.
The Rights Issue opens on Jun 14, 2024, and closes on Jul 12, 2024, with renunciation of Rights Entitlements permitted up to Jul 8, 2024.
The deemed date of allotment is Jul 19, 2024, following which the equity shares are expected to be credited to demat accounts on Jul 22, 2024 and listed at the BSE on Jul 25, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gujarat Toolroom Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jun 5, 2024
Entitlement Ratio
11 : 10
Open Date
Fri, Jun 14, 2024
Close Date
Fri, Jul 12, 2024
The Issue Price of ₹ 8/- per Equity Share shall be payable at the time of application.
Gujarat Toolroom Ltd.'s revenue increased by 28709.52% and profit after tax (PAT) rose by 964.49% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7.62 | 0.45 | 0.42 |
| Revenue | 2.42 | 0.01 | |
| Profit After Tax | 1.39 | -0.16 | -0.04 |
| Reserves and Surplus | 0.80 | -0.59 | -0.43 |
| Amount in ₹ Crore | |||
Gujarat Toolroom Limited was established in 1983 and is engaged in trading of Silver Conductive Ink.
The company's product range includes several categories of shapes, cuts, sizes, and colors. The company has two wholly-owned subsidiaries:
As of May 23, 2024, the company had 17 employees.
The company proposes to utilize the gross proceeds raised through the Issue after deducting the Issue-related expense for the below-mentioned Objects:
[Dilip Davda] After lying dormant, the company turned into some action and in particular, surprised one and all with its activities for 9M-FY24 and announcing an interim dividend of 100% for FY24. The major concern is NIL holding of promoters, and the counter is being operated by vested interest. The recent traded price makes this RI a lucrative offer. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
Gujarat Toolroom Rights Issue 2024 got oversubscribed by 2.23 times by the end of the bidding period with total bid quantity received by BSE of 13,62,21,863 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jul 12 2024 17:00:00 | 13,62,21,863 | 2.23x |
Gujarat Toolroom Ltd.
404 - 4th floor, Samarth Co.Op.H. Soc,
Nr. Silicon Tower, Nr. Law Garden,
Ellishbridge, Ahmedabad - 380006
Ahmedabad, Gujarat, 380006
The Gujarat Toolroom Rights Issue 2024 opens on Fri, Jun 14, 2024, and closes on Fri, Jul 12, 2024.
Gujarat Toolroom Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, Jun 11, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Jul 8, 2024 |
| Issue Opening Date | Fri, Jun 14, 2024 |
| Issue Closing Date | Fri, Jul 12, 2024 |
| Date of Allotment (on or about) | Fri, Jul 19, 2024 |
| Date of Credit (on or about) | Mon, Jul 22, 2024 |
| Date of Listing (on or about) | Thu, Jul 25, 2024 |
You can apply for Gujarat Toolroom Rights Issue 2024 in two ways:
Steps to apply for Gujarat Toolroom Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Gujarat Toolroom Rights Issue 2024 using Registrar's website (R-WAP)
