Gorantla Geosynthetics Ltd - IPO

Gorantla Geosynthetics Ltd IPO Details

Initial public issue of up to 40,00,000 equity shares of face value of Rs. 10/- each of Gorantla Geosythetics Limited (GGL or the company or the issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*]/- per equity share (the issue price) aggregating to Rs. [*] crores (the issue), of which [*] equity shares of face value of Rs.10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is herein after referred to as the net issue. The issue and the net issue will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure requirements towards purchase of new equipment and machinery. Funding towards working capital requirements of the Company. General corporate purposes.

Gorantla Geosynthetics Ltd Contact Details

Gorantla Geosynthetics Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - alagarsamy@gorantlageos.com

Website - www.gorantlageos.com