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Gyscoal Alloys Limited Rights Issue (Gyscoal Alloys Rights Issue 2022) Detail

Jan 2, 2023 - Jan 12, 2023
Gyscoal Alloys Limited Logo

Incorporated in 1999, Gyscoal Alloys is engaged in the trading of iron and steel scraps, billets, CTD Bars, TMT Bars, and stainless steel long products.

The stainless steel long products of Gyscoal Alloys include angles, bright bars, black bars, flats, hexagonal and round corner squares (RCS), channels, sections, pata-patti, and rectangles in standard sizes. The company obtained ISO 9001:2015 certification for the manufacture and supply of its products.

Gyscoal Alloys has exported its products to countries like Thailand, Bangladesh, Vietnam, Kenya, Malaysia, Yemen, UAE, Philippines, Egypt, Germany, Ecuador, Morocco, Guatemala, Italy, Taiwan, Srilanka, Belgium, Brazil, Turkey, Indonesia, Iran, Russia, and Myanmar.

The company is led by Viral Mukundbhai Shah, Promoter and CEO. He is in association with the company since its incorporation and is one of the founding members.

Gyscoal Alloys Rights Issue 2022 Detail

Issue Open Jan 2, 2023 - Jan 12, 2023
Security Name Gyscoal Alloys Limited
Issue Size (Shares) 178,851,382
Issue Size (Amount) ₹49.18 Crores
Issue Price ₹2.75 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The full amount is payable on application.

Entitlement 110 Equity Shares for Every 100 Equity Shares held

Gyscoal Alloys Rights Issue 2022 Issue Timetable

Record Date Dec 23, 2022
Credit of Rights Entitlements Dec 30, 2022
Bid/Offer Opens On Jan 2, 2023
Renunciation of Rights Entitlements Jan 9, 2023
Bid/Offer Closes On Jan 12, 2023
Deemed Date of Allotment Jan 19, 2023
Credit Date Jan 25, 2023
Listing Date Jan 27, 2023

Company Financials

Gyscoal Alloys Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2287.0322.92-5.63-31.4679.09
Amount in ₹ Crore

Objects of the Issue:

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

  1. Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited ("Omkara");
  2. Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and
  3. General corporate purpose

Gyscoal Alloys Rights Issue 2022 Documents

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Company Contact Information

Gyscoal Alloys Limited
Plot No. 2/3 GIDC Ubkhal, Kukarwada,
Tal. Vijapur, Dist. Mehsana Kukarwada – 382830,
Mahesana, Gujarat- 382830 India

Phone: +079 66614508
Email: cs@gyscoal.com
Website: http://www.gyscoal.com/

Gyscoal Alloys Rights Issue 2022 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: http://www.purvashare.com

Gyscoal Alloys Rights Issue 2022 Lead Manager(s)

Gyscoal Alloys Rights Issue 2022 FAQs

The Gyscoal Alloys Rights Issue 2022 opens on Jan 2, 2023, and closes on Jan 12, 2023.

Gyscoal Alloys Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsDec 30, 2022
Last Date for renunciation of Rights EntitlementsJan 9, 2023
Issue Opening DateJan 2, 2023
Issue Closing DateJan 12, 2023
Date of Allotment (on or about)Jan 19, 2023
Date of Credit (on or about)Jan 25, 2023
Date of Listing (on or about)Jan 27, 2023

Gyscoal Alloys Rights Issue 2022 price is set at ₹2.75 per share per equity share.

The eligible shareholders are being offered 110 Equity Shares for Every 100 Equity Shares held (Dec 23, 2022).

The record date for the Gyscoal Alloys Rights Issue 2022 is Dec 23, 2022.

The issue size of Gyscoal Alloys Rights Issue 2022 is of 178,851,382 equity shares at ₹2.75 per share aggregating upto ₹49.18 Crores.

The Letter of Offer for Gyscoal Alloys Rights Issue 2022 can be download here.

You can apply for Gyscoal Alloys Rights Issue 2022 in two ways:

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

Steps to apply for Gyscoal Alloys Rights Issue 2022 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 Gyscoal Alloys Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Gyscoal Alloys Rights Issue 2022.
  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 Gyscoal Alloys Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Gyscoal Alloys Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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