Gujarat Toolroom Rights Issue Date, Price, Allotment, Entitlement

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Last updated on June 14, 2024

Gujarat Toolroom Rights Issue

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.

Gujarat Toolroom ltd

Gujarat Toolroom Rights Issue Details

Gujarat Toolroom Rights Issue Date14 Jun – 12 Jul 2024
Gujarat Toolroom Rights Issue PriceINR 8 per share
Issue Size (in Shares)6,11,08,960 shares
Issue Size (in INR)INR 48.89 crore
Issue Entitlement11 equity shares for every 10 equity shares held on record date
Terms of PaymentFully payable at the time of application
Gujarat Toolroom Rights Issue Record Date5 June 2024
Face ValueINR 1 per share
Listing OnBSE

Gujarat Toolroom Rights Issue Calculation

Gujarat Toolroom Rights Issue PriceINR 8 per share
Market Price on Rights Issue ApprovalINR 20.33 per share
Dilution Factor (X)2.1
Fair Value After Dilution at Prevailing PriceINR 13.87 per share

Gujarat Toolroom Financial Performance

 FY 2021FY 2022FY 2023
Revenue240.86
Expenses4.4815.8619.26
Operating Margin (%)70.07
Net Income(4.49)(16.05)138.75
Figures in INR Lakhs unless specified otherwise

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 Dates

Rights Issue Approval Date23 May 2024
Rights Issue Record Date5 June 2024
Credit of Rights Entitlement11 June 2024
Rights Issue Opening Date14 June 2024
Last Date for Market Renunciation8 July 2024
Rights Issue Closing Date12 July 2024
Finalization of Basis of Allotment18 July 2024
Rights Allotment Date19 July 2024
Credit Date 22 July 2024
Listing Date25 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: 
[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: +91-7227013356
Email: 
[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.

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