Gabion Technologies India Ltd - IPO

Gabion Technologies India Ltd IPO Details

Initial public issue of upto 36,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Gabion Technologies India Limited (the Company or GTIL or Issuer) at an issue price of Rs. 76-Rs. 81 per equity share (including a share premium of Rs. 66-Rs. 71 per equity share) for cash, aggregating up to Rs. 27.36-Rs. 29.16 crores (Public Issue) out of which up to 1,80,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76-Rs. 81 per equity share for cash, aggregating Rs. 1.37-Rs. 1.46 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of up to 34,19,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76-Rs. 81 per equity share for cash, aggregating up to Rs. 25.99-Rs. 27.70 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute up to 26.52% and up to 25.19% respectively of the post- issue paid-up equity share capital of the company.Price Band: Rs. 76/- to Rs. 81/- per equity share of face value Rs. 10/- each. The floor price is 7.6 times of the face value and the cap price is 8.1 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

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Gabion Technologies India Ltd Contact Details

Gabion Technologies India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@gabionindia.com

Website - https:, gabionindia.com