Business Standard

Gokul Refoils and Solvent Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

139.59 cr

Price Range (₹)

195

Lot Size

35

Min Investment (₹)

6,825.00

Listing Exchange

MumbaiNSE

Open Date

08-May-2008

Close Date

13-May-2008

Listing Date

04-Jun-2008

Gokul Refoils and Solvent Ltd News

    The Shares of Gokul Refoils and Solvent Ltd have now been listed.

    Gokul Refoils and Solvent Ltd IPO Details

    Public issue of 71,58,392 equity shares of Rs. 10 each of Gokul Refoils and Solvent Limited (Gokul or our company or the issuer) for cash at a price of Rs.195/- per equity share [including a share premium of Rs.185/- per equity share] aggregating to Rs.139.59 Crores (the issue). The issue comprises a reservation of upto 75,000 equity shares for subscription by eligible employees (as defined herein) (the Employee reservation portion) and a net issue to the pubic of 70,83,392 equity shares (the net issue to the public). The net issue to the public will constitute 26.85% of the fully diluted post issue paid-up capital of our company. The issue will constitute 27.14% of the fully diluted post issue paid-up Capital of our company.Issue Price is Rs.195/- per equity share of face value Rs. 10 each.The issue price is 19.5 times of the face value

    Objective of issue

    Setting up a new 1500TPD Soyabean Processing Plant. Expn of our Existing Edible Oil Refinery. Investment in our Wholly Owned Singapore Subs.. Funding part of our Loan Term Working Capital. Brand Building Activities. Investment in increasing warehousing Capacities. General Corporate Purposes.

    Gokul Refoils and Solvent Ltd Contact Details

    Gokul Refoils and Solvent Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - abhinav.mathur@gokulgroup.com

    Website - www.gokulgroup.com