Gangotri Textiles Ltd - IPO

Gangotri Textiles Ltd IPO Details

Public issue of 1,34,14,634 equity shares of Rs. 5/- each for cash at a price of Rs. 41 (including premium of Rs. 36) per share aggregating Rs. 55.00 crores (hereinafter referred to as The Issue). The issue comprises a net offer to the public of 1,16,70,732 equity shares of Rs. 5/- each aggregating to Rs. 47.85 crores (Net Offer) and a reservation for employees of Gangotri Textiles Limited of upto 4,02,439 equity shares of Rs. 5/- each aggregating to Rs. 1.65 crores and a reservation of upto 13,41,463 equity shares of Rs. 5/- each for the existing retail shareholders of the company aggregating to Rs. 5.50 crores. The issue would constitute 41.13% of the fully diluted post issue paid-up capital of the company.Issue price: Rs. 41 per equity share of Rs. 5/- eachThe issue price is 8.20 times the face value of Rs. 5/- per share.

Objective of issue

Spinning I- A ring spinning unit of 19200 spindles. Spinning II-A ring spinning unit of 31200 spindles. Weaving & processing plant cap. of 51000 mtrs/day. Modern Garment unit with a cap. of 3000 pieces/day. Installation of 6 wind energy generators of 1.65MW.

Gangotri Textiles Ltd Contact Details

Gangotri Textiles Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - tibre@gangotritextiles.com

Website - www.gangotritextiles.com