Gayatri Rubbers and Chemicals Ltd - IPO

Gayatri Rubbers and Chemicals Ltd IPO Details

Public issue of 15,28,000 equity shares of face value of Rs. 10/- each fully paid up of Gayatri Rubbers and Chemicals Limited GRCL or the Company or the Issuer) for cash at a price of Rs. 30/- per equity share (the Issue Price) (including share premium of Rs. 20/- per equity share) aggregating Rs. 4.58 crores (the Issue) by the company, of which 80,000 equity shares of face value of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 14,48,000 equity shares of face value of Rs. 10/- each fully paid up is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.63% and 25.24% 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 issue price is Rs. 30/-. The issue price is 3.00 times the face value.

Objective of issue

Working Capital Requirement including margin money. General corporate purposes.

Gayatri Rubbers and Chemicals Ltd Contact Details

Gayatri Rubbers and Chemicals Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - sales@gayatrirubberchemicals.com

Website - www.gayatrirubberchemicals.com