Free Account Opening + AMC Free Demat
Loading...

G G Engineering Limited Rights Issue (G G Engineering Rights Issue 2023) Detail

July 20, 2023 - July 31, 2023
G G Engineering Limited Logo

Incorporated in 2006, G G Engineering Limited in the making and delivery of quality sheet metal and heavy steel products. The company specializes in custom-built enclosure sets for no matter stationary or mobile applications.

Best product quality and customer satisfaction is the top priority of the company and they strive to grow and improve their offerings with time.

GG Engineering Ltd (GGEL) is an authorized O.E.A. of Ashok Leylend & Perkins make engines. They manufacture DG Sets in the range of 10 to 2250 KVA.

The company is equipped with all facilities to execute all manufacturing activities such as punching, forming, shearing, bending, fabrication, welding & assembly, etc. The company's major customers include Sonali Electrical Sales & Service, R M S International Private Ltd, Raman General Pvt Ltd, Bondre Associates, ATR Enterprises, Prashant Electricals, Ashok Khandelwal, Kumar & Kumar Associates, Ms. Proviso Group, Gupta Builders and Developers.

The entity is working towards its vision of creating a clean, waste-free environment in India. They aspire to reach each and every city in India and help it have a clean environment.

G G Engineering Rights Issue 2023 Detail

Issue Open July 20, 2023 - July 31, 2023
Security Name G G Engineering Limited
Issue Size (Shares) 498,820,215
Issue Size (Amount) ₹49.88 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full amount of Rs. 1/- per Equity Share payable on application.

Entitlement 38 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date

G G Engineering Rights Issue 2023 Issue Timetable

Last Date to buy sharesJuly 10, 2023
Record Date July 11, 2023
Credit of Rights Entitlements July 13, 2023
Bid/Offer Opens On July 20, 2023
Renunciation of Rights Entitlements July 26, 2023
Bid/Offer Closes On July 31, 2023
Deemed Date of Allotment August 3, 2023
Credit Date August 9, 2023
Listing Date August 14, 2023

Company Financials

G G Engineering Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2218.7615.48-0.24
31-Mar-23116.94110.837.93
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from this Issue towards the following objects:

  1. To meet the working capital requirements of our Company
  2. General Corporate Purposes

G G Engineering Rights Issue 2023 Documents

G G Engineering Rights Issue 2023 Rating

24
4.3
Rating:Rated 4.3 stars
Vote Here ...

G G Engineering Rights Issue 2023 Reviews

Company Contact Information

G G Engineering Limited
Off No. 203, 2nd Floor,
Shivam Chambers Coop Soc Ltd. S.V Road,
Goregaon West, Mumbai - 400104

Phone: +91-9315213276
Email: cs.engg@gmail.com
Website: https://ggelimited.com/

G G Engineering Rights Issue 2023 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: ggel.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

G G Engineering Rights Issue 2023 Lead Manager(s)

G G Engineering Rights Issue 2023 FAQs

The G G Engineering Rights Issue 2023 opens on July 20, 2023, and closes on July 31, 2023.

G G Engineering Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJuly 13, 2023
Last Date for renunciation of Rights EntitlementsJuly 26, 2023
Issue Opening DateJuly 20, 2023
Issue Closing DateJuly 31, 2023
Date of Allotment (on or about)August 3, 2023
Date of Credit (on or about)August 9, 2023
Date of Listing (on or about)August 14, 2023

G G Engineering Rights Issue 2023 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 38 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date (July 11, 2023).

The record date for the G G Engineering Rights Issue 2023 is July 11, 2023.

The issue size of G G Engineering Rights Issue 2023 is of 498,820,215 equity shares at ₹1 per share aggregating upto ₹49.88 Crores.

The Letter of Offer for G G Engineering Rights Issue 2023 can be download here.

You can apply for G G Engineering Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for G G Engineering Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the G G Engineering Rights Issue 2023 available on the list.
  4. Click the Apply button next to the G G Engineering Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for G G Engineering Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select G G Engineering Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Ranju     Link|July 10, 2023 10:37:06 AM
Can you please review about seacoast rights issue

Compare rights issues with G G Engineering Rights Issue 2023