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Gulshan Sugars & Chemicals Ltd FPO (Gulshan Sugars FPO) Detail

November 22, 2006 - November 28, 2006

Gulshan Sugars FPO is a fixed price issue of Rs 26.40 crores.

Gulshan Sugars FPO bidding started from November 22, 2006 and ended on November 28, 2006. The shares got listed on BSE on December 28, 2006.

Gulshan Sugars FPO price is ₹40 per share.

Srei Capital Markets Ltd is the book running lead manager of the Gulshan Sugars FPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Gulshan Sugars FPO RHP for detailed information.

Gulshan Sugars FPO Details

IPO Date November 22, 2006 to November 28, 2006
Listing Date December 28, 2006
Face Value ₹8 per share
Price ₹40 per share
Lot Size
Total Issue Size6,600,000 shares
(aggregating up to ₹26.40 Cr)
Issue Type Fixed Price Issue FPO
Listing At BSE
Share holding pre issue6,212,230
Share holding post issue12,812,230

Gulshan Sugars FPO Promoter Holding

Share Holding Pre Issue 72.45%
Share Holding Post Issue 35.13%

About Gulshan Sugars & Chemicals Ltd

Gulshan Sugars and Chemicals Ltd.(GSCL) was incorporated May 23, 1980 at Uttar Pradesh at Kanpur. It was converted into a Public Limited Company on March 18, 1986. Company is listed at BSE and its stock traded at 62.25 Rs on Nov 10 2006 (with face value 10 Rs).

Key Performance Indicator

Objects of the Issue (Gulshan Sugars FPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To expand the existing capacity by setting up a 20,000 TPA Ground Calcium Carbonate (GCC) Unit;
2. To set up an additional 3 MW captive power plant at its manufacturing facilities at Muzaffarnagar, Uttar Pradesh;
3. To meet the long-term working capital requirement of the company;
4. To raise resources for general corporate purposes;
5. To meet the expenses of the Issue;
6. To list the equity shares of Gulshan Sugars and Chemicals Limited, being offered, on the Bombay Stock Exchange Limited (where the Company’s existing equity shares are already listed), and to list the existing and proposed equity shares of the Company on the National Stock Exchange of India Limited (NSE); which together will enhance the Company’s brand name and provide liquidity to its existing and future shareholders.

Gulshan Sugars FPO Prospectus

Gulshan Sugars FPO Rating

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Gulshan Sugars FPO Listing Details

Listing Date December 28, 2006
BSE Script Code 524184
NSE Symbol
ISIN
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹40.00
₹37.00
₹37.00
₹37.00
₹37.00

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Gulshan Sugars & Chemicals Ltd Contact Details

Gulshan Sugars & Chemicals Ltd
Gulshan Sugars & Chemicals Limited,
9th K.M., Jansath Road,
Muzaffarnagar, Uttar Pradesh, India.
Phone: (0131) 3290287
Email: fpo@gulshanindia.com
Website: http://www.gulshanindia.com

Gulshan Sugars FPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Gulshan Sugars FPO - Buy or Not

Gulshan Sugars FPO Recommendation Summary

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Members 0 0 0

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Gulshan Sugars FPO FAQs

Gulshan Sugars FPO is a main-board FPO of 6,600,000 equity shares of the face value of ₹8 aggregating up to ₹26.40 Crores. The issue is priced at ₹40 per share. The minimum order quantity is .

The FPO opens on November 22, 2006, and closes on November 28, 2006.

Bigshare Services Pvt Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE.

The Gulshan Sugars FPO opens on November 22, 2006 and closes on November 28, 2006.

Gulshan Sugars FPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Gulshan Sugars FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gulshan Sugars FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gulshan Sugars FPO allotment status.

The Gulshan Sugars FPO listing date is on December 28, 2006.
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Gulshan Sugars FPO Message Board

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15 Comments

15. Murali |   Link |  Bookmark |December 29, 2006 6:01:08 AM
Hay Suresh,

Just I have them on my DP through ICICIdirect
14. SURESH |   Link |  Bookmark |December 28, 2006 9:16:56 PM
Hi Murali,
Can you tell me how you got the allotment status?
Suresh
13. vipul |   Link |  Bookmark |December 28, 2006 9:50:34 AM
hi,give detail about ipo allotment

12. Murali |   Link |  Bookmark |December 28, 2006 1:09:14 AM
Hello guys I got 225 share...when will the listing
11. Ravi |   Link |  Bookmark |December 27, 2006 12:35:09 AM
Hey, Any news about allotment of GSCL
10. SPC |   Link |  Bookmark |December 27, 2006 12:28:24 AM
Its already 26th Dec. When will Gulshan Sugars list?
9. Murali |   Link |  Bookmark |December 24, 2006 2:59:49 AM
Hello guys any news about this???
8. Sunil |   Link |  Bookmark |December 15, 2006 12:34:40 AM
Guys, ne updates on the allotment / listing of Gulshan Sugars? Though, I'm not sure about its listing since its a FOO (Follow on Offer). Can someone give some thoughts on this?
7. Murali |   Link |  Bookmark |December 7, 2006 1:41:54 AM
Hi friends how about Gulshan Sugars is it going to give some thing or not
6. Ranee |   Link |  Bookmark |December 6, 2006 10:59:03 PM
yes I applied for Guylshan Sugar. Hang on. It will pay something.
5. Sunil |   Link |  Bookmark |November 29, 2006 11:36:38 PM
Hey, did anyone applied for Gulshan sugars? Ne comments, how it wud fare?
4. Vikram R |   Link |  Bookmark |November 23, 2006 11:37:42 AM
Hi Nilesh,
Blue Bird (India) Ltd. is subscribed - 5.04 times, which I personally feel that not a great oversubscription at this time where good IPO's are oversubscribing by more then 50 times. Do not regret and keep your cash ready for excellent IPO's coming in near future.

Gulshan Sugar, I think the last 6 months price (Rs.40/- to 60/-) is with face value 10 Rs. The FPO currently open is with the face value of 8Rs. Please confirm this and let us know too.
3. nilesh |   Link |  Bookmark |November 23, 2006 10:12:35 AM
I feel that I have made a mistake by missing the IPO of Blue Bird Ltd. Till 21st, it was subscribed 0.74 % only and on the last day it has been oversubscribed by 228.41 % as per bseindia figures.
What's your opinion for Gulshan Sugar ? Can it fetch 15 to 20 % profit if we sell on allotment ? It's an FPO, already listed on BSE. Last ten months' average price shows between Rs.40/- to 60/-.
2. Vikram R |   Link |  Bookmark |November 20, 2006 8:08:14 PM
Money Times:
Gulshan Sugars & Chemicals Ltd., the largest producer of Calcium Carbonate is entering the capital market with its follow-on public issue of Rs.66,00,000 equity shares of Rs.8 each at a premium of Rs.32 per share aggregating to Rs.2640 lakh. The issue opens for subscription on Wednesday, 22nd November and closes on 28th November’06.

The company is raising equity capital to part-finance its plans to expand the existing capacity by setting up a 20,000 TPA Ground Calcium Carbonate (GCC) Unit and also to set up an additional 3 MW captive power plant at its manufacturing facilities at Muzaffarnagar, Uttar Pradesh. The funds raised would also be utilized to meet the long-term working capital requirements of the company and for general corporate purposes.

The company produces 19 different grades of Calcium Carbonate as its product has multiple end-uses with application across varied industries. Calcium Carbonate, a primary ingredient find application across a diverse set of industries, which include toot pastes & tooth powder, printing inks, paper, pharmaceuticals, paints and coatings, plastics, PVC, Cosmetics and other related industries. Its clientele includes Hindustan Lever, Colgate Palmolive, ITC, Asian Paints, Goodlass Nerolac, Berger Paints, Century Paper, Lakhani etc.
1. JP |   Link |  Bookmark |November 16, 2006 3:16:08 AM
IfThis is an Vaerage issue, one can very well apply for this FPO. the reason is FPOs may not be subscribed more and the probability of gettingbthe shares is more. We can see an average profit.. I am Not sure whether this is an average issue lets wait and see