Business Standard

Ginni Filaments Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

60.00 cr

Price Range (₹)

22

Lot Size

300

Min Investment (₹)

6,600.00

Listing Exchange

NSE

Open Date

19-Dec-2005

Close Date

23-Dec-2005

Listing Date

13-Jan-2006

Ginni Filaments Ltd News

    The Shares of Ginni Filaments Ltd have now been listed.

    Ginni Filaments Ltd IPO Details

    Public Issue of 26262625 Equity Shares of Rs. 10 each (Equity Shares) for cash aggregating Rs. 60 crores by Ginni Filaments Limited (GFL or The Company or the Issuer). The issue comprises of Promoters contribution of 4444444 equity shares for cash at a price of 27 per Equity Share aggregating Rs. 12 crores (Promoters contribution) and the Net Offer to the Public of 21818181 Equity Shares at a price of Rs. 22 per Equity Share aggregating Rs. 48 crores (Net Issue). The issue will constitute 44.32 % of the fully diluted capital of the company after the Issue.The Issue Price Rs. 22 per Equity share of face value of Rs. 10/. The issue price is 2.2 times of the face value.

    Objective of issue

    Expand Ring&Open End spinning capcty of Cottn Yarn. Set up a Green Field Nonwoven Fabric Mfg Unit. To set up a Green Field Garment Mfg Unit.

    Ginni Filaments Ltd Contact Details

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

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - secretarial@ginnifilaments.com; mill1@ginnifilamen

    Website - www.ginnifilaments.com