Gujarat Peanut & Agri Products Ltd - IPO

Gujarat Peanut & Agri Products Ltd IPO Details

Initial public offer of 29,76,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Gujarat Peanut and Agri Products Limited (the Company or the Issuer) for cash at a price of Rs. 80/- per equity share, including a share premium of Rs. 70/- per equity share (the Issue Price), aggregating to Rs. 23.81 crores (the Issue), of which 1,48,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 80/- per equity share, aggregating to Rs. 1.19 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 28,27,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 80/- per equity share, aggregating to Rs. 22.62 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 29.00 % and 27.55 % respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 80/- for equity share of face value of Rs. 10 each.The floor price is 8.0 times times the face value and of the face value of the equity shares.Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

Funding capital expenditure towards purchase of additional plant and machinery. Working capital requirements. General corporate expenses.

Gujarat Peanut & Agri Products Ltd Contact Details

Gujarat Peanut & Agri Products Ltd, #30 Ramana Residency, 4th Cross Sampige Rd, Malleswaram, Bangalore - 560003

Phone - 91-80-23460815-818

Fax - 91-80-23460819

Email - cs@gujaratpeanut.com

Website - www.gujaratpeanut.com