Gyscoal Alloys Right Issue details 2022, entitlement, record date

Right Issue Status: Closed [2nd Jan 2023 to 12th Jan 2023]

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Gyscoal Alloys Limited right issue of issue size Rs 49.18 Cr opens for subscription from Jan 2 to Jan 12, 2022. The company will issue 110 right equity shares for every 100 fully paid-up equity shares held on the record date, 23 Dec 2022. The face value is Rs 1 per share and the right issue price is fixed at Rs 2.75 per share. The full amount of Rs 2.75 per share is payable on the Application. Stay updated with us to know more about Gyscoal Alloys Right issue details 2022 including issue size, right issue entitlement, terms of payment, and more.

Gyscoal Alloys Right Issue Objective

The right issue proceeds will be utilized for the following purposes;

To make a payment towards the full and final settlement of the outstanding loan of Omkara Assets Reconstruction Private Limited.
To make part repayment and/or prepayment of unsecured loans availed by the company from Sampati Securities.
Meet general corporate purposes.

Gyscoal Alloys Right Issue Details

Gyscoal Alloys Issue Details	Values
Category	RightIssue
Right Issue Issue Size (Shares)	178,851,382 Eq Shares
Right Issue Issue Size (Amount)	₹49.18 Cr
Face Value	₹1 Per Equity Share
Right Issue - Issue Price	₹2.75 per share
Right Issue Record Date	23rd Dec 2022
Right Issue Entitlement	110 Equity Shares for Every 100 Equity Shares held on the record date
Right Issue Terms of payment	The full amount of Rs 2.75 per share is payable on application.
Listing At	BSE, NSE
BSE Code	533275
NSE Code	GAL

Gyscoal Alloys Right Issue Dates

In this section we have covered all important dates related to Gyscoal Alloys Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Gyscoal Alloys Right Issue important dates
Right Issue Activity	Date
Right Issue Issue Open Date	2nd Jan 2023
Right Issue Issue Close Date	12th Jan 2023
Basis of Allotment Finalisation Date*	19th Jan 2023
Refunds Initiation*	24th Jan 2023
Credit of Shares to Demat Account*	25th Jan 2023
Right Issue Listing Date*	27th Jan 2023

* - Tentative Dates

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About Company - Gyscoal Alloys

Gyscoal Alloys Ltd is engaged in the trading of iron and steel scraps, CTD bars, TMT bars, billets, and stainless steel long products. The company has a steel rolling mill at Ubkhal, Mehsana with a total capacity of 6,000 MT per annum. The stainless steel products of the company include bright bars, black bars, flats, hexagonal and round corner squares (RCS), channels, sections, pata-patti, and rectangles in standard sizes.

The firm exports its products to different countries including Thailand, Bangladesh, Vietnam, Kenya, Malaysia, Yemen, UAE, Philippines, Egypt, Germany, Ecuador, Morocco, Guatemala, Italy, Taiwan, Srilanka, Belgium, Brazil, Turkey, Indonesia, Iran, Russia, and Myanmar.

Gyscoal Alloys Right Issue Strengths

Gyscoal Alloys Financials for past 3 Years

Past performance and financial results of Gyscoal Alloys.

Gyscoal Alloys Limited Financial
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-22	87.03	22.92	-5.63	-31.46	79.09
Amount in ₹ Crore

Company Address

Gyscoal Alloys Limited
Plot No. 2/3 GIDC Ubkhal, Kukarwada, Tal. Vijapur, Dist.
Mehsana, Kukarwada,Gujarat-382830
India
Website: http://www.gyscoal.com/
Phone: 079 66614508
Email: [email protected]

Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: http://www.purvashare.com
Phone: +91-022-23018261/ 23016761
Email: [email protected]

Lead Manager

Fedex Securities Limited

Gyscoal Alloys Right Issue Offer Document (Letter of Offer) >>Document

Gyscoal Alloys Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Gyscoal Alloys Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Gyscoal Alloys? Should I apply in Gyscoal Alloys Right Issue?

Last Updated on 2023-01-03T09:22:46+00:00

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