Gurunanak Agriculture India Ltd - IPO

Gurunanak Agriculture India Ltd IPO Details

Initial public offer of up to 38,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Gurunanak Agriculture (India) Limited (the Company or the Issuer) for cash at a price of Rs. 75/- per equity share, including a share premium of Rs. 65/- per equity share (the Issue Price), aggregating to Rs. 28.80 crores (the Issue), of which 1,92,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share, aggregating to Rs. 1.44 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 36,48,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share, aggregating to Rs. 27.36 crores is here in after referred to as the one issue The issue and the net issue will constitute 32.00 % and 30.40 % respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 75/- for equity share of face value of Rs. 10 each.The floor price is 7.50 times times the face value of the face value of the equity shares.Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

Funding capital expenditure towards setting up Harvester Manufacturing Unit. Working capital requirements. General corporate expenses.

Gurunanak Agriculture India Ltd Contact Details

Gurunanak Agriculture India Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@gnagro.com

Website - www.gnagro.com