Gulf Lloyds (India) Ltd - IPO

Gulf Lloyds (India) Ltd IPO Details

Initial public issue of 18,19,200 equity shares of face value of Rs. 10/- each of Gulf Lloyds (India) Limited (Gulf or GLIL or the Company or the Issuer) for cash at a price of Rs. 100 per equity share including a share premium of Rs. 90 per equity share (the Issue Price) aggregating to Rs. 18.19 Crores (the Issue), of which 91,200 equity shares of face value of Rs.10/- each for cash at a price of Rs. 100 per equity share including a share premium of Rs. 90 per equity share aggregating to Rs. 0.91 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 17,28,000 equity shares of face value of Rs.10/- each at a price of Rs. 100 per equity share aggregating to Rs. 17.28 Crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.03% and 25.68% respectively of the post issue paid up equity share capital of the company. Offer price Rs. 100/- per equity share of face value of Rs. 10 each.The offer price is 10 times the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiple of 1200 equity shares thereafter.

Objective of issue

Capital Expenditure for Office premises. Repayment of unsecured loans. Working Capital requirement. General corporate purposes.

Gulf Lloyds (India) Ltd Contact Details

Gulf Lloyds (India) Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - info@gulflloydsgroup.com

Website - www.gulflloydsgroup.com