Gujarat Toolroom Rights Issue is scheduled for 14 June – 12 July 2024
Gujarat Toolroom is involved in trading silver conductive ink. Its business relies entirely on the market demand and supply of silver ink, which the company imports from Hong Kong.
Presently, the company relies on a single supplier for its silver conductive ink. It typically does not need to maintain a stock of the ink and therefore does not have a warehouse facility. The company sells 100% of its products in the domestic market and is working on establishing an independent sales and distribution network to compete effectively in the conductive ink market.
As of December 2023, the company had a workforce of 17 employees.
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Gujarat Toolroom Rights Issue Details
| Gujarat Toolroom Rights Issue Date | 14 Jun – 12 Jul 2024 |
| Gujarat Toolroom Rights Issue Price | INR 8 per share |
| Issue Size (in Shares) | 6,11,08,960 shares |
| Issue Size (in INR) | INR 48.89 crore |
| Issue Entitlement | 11 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Gujarat Toolroom Rights Issue Record Date | 5 June 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Gujarat Toolroom Rights Issue Calculation
| Gujarat Toolroom Rights Issue Price | INR 8 per share |
| Market Price on Rights Issue Approval | INR 20.33 per share |
| Dilution Factor (X) | 2.1 |
| Fair Value After Dilution at Prevailing Price | INR 13.87 per share |
Gujarat Toolroom Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | – | – | 240.86 |
| Expenses | 4.48 | 15.86 | 19.26 |
| Operating Margin (%) | – | – | 70.07 |
| Net Income | (4.49) | (16.05) | 138.75 |
Gujarat Toolroom Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the existing and incremental working capital requirement of the company – INR 25.50 crore
- Investment in its wholly owned subsidiary, GTL Gems DMCC for augmentation of working capital requirements for its business activities – INR 12.00 crore
- General Corporate Purposes – INR 11.04 crore
Gujarat Toolroom Rights Offer Documents
- Gujarat Toolroom Rights Issue Application Form
- Gujarat Toolroom Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Gujarat Toolroom Rights Issue Dates
| Rights Issue Approval Date | 23 May 2024 |
| Rights Issue Record Date | 5 June 2024 |
| Credit of Rights Entitlement | 11 June 2024 |
| Rights Issue Opening Date | 14 June 2024 |
| Last Date for Market Renunciation | 8 July 2024 |
| Rights Issue Closing Date | 12 July 2024 |
| Finalization of Basis of Allotment | 18 July 2024 |
| Rights Allotment Date | 19 July 2024 |
| Credit Date | 22 July 2024 |
| Listing Date | 25 July 2024 |
Gujarat Toolroom Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No.1,
Club House Road, Chennai 600 002
Phone: +91 – 44 4002 0700
Email:Â [email protected]
Website: www.cameoindia.com
Gujarat Toolroom Issue Contact Details
GUJARAT TOOLROOM LIMITED
404, 4th floor, Samarth Co. Op. H. Soc, Nr. Silicon Tower
Nr. Law Garden, Ellis Bridge, Ahmedabad- 380006
Phone:Â +91-7227013356
Email:Â [email protected]
Website: www.gujarattoolroom.com
Gujarat Toolroom Rights Offer FAQs
What is the Gujarat Toolroom Rights Issue Price?
The issue price is INR 8 per share.
What is the Gujarat Toolroom Rights Issue entitlement ratio?
The eligible shareholders are offered 11 Equity Shares for every 10 Equity Shares held on the record date.
What is the Gujarat Toolroom Rights Issue Record Date?
The Record date is 5 June 2024.
How to Apply for Gujarat Toolroom Rights Offer?
The best way to apply for Gujarat Toolroom Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
I have been allotted 5000 Nos Share in Right Issue and Credited in Demat only 2000/ and Value is showing @2.5/Rs Each
This Share will be separately traded or Merge in Existing
DP Id/Client ID ; IN30281410435493