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Gujarat Toolroom Ltd. Rights Issue (Gujarat Toolroom Rights Issue 2024) Detail

June 14, 2024 - July 12, 2024
Gujarat Toolroom Ltd. Logo

Gujarat Toolroom Limited was established in 1983 and is engaged in trading of Silver Conductive Ink.

The company's product range includes several categories of shapes, cuts, sizes, and colors. The company has two wholly-owned subsidiaries:

  1. GTL Gems DMCC in the United Arab Emirates: the company is engaged in the trading of diamonds in the United Arab Emirates.
  2. Gujarat Toolroom Zambia Limited in the Zambia region: the company focuses on the exploration, mining, extraction and processing of gold, while adhering to responsible and environmentally friendly practices.

As of May 23, 2024, the company had 17 employees.

Gujarat Toolroom Rights Issue 2024 Detail

Issue Open June 14, 2024 - July 12, 2024
Security Name Gujarat Toolroom Ltd.
Issue Size (Shares) 61,108,960
Issue Size (Amount) ₹48.89 Crores
Issue Price ₹8 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The Issue Price of ₹ 8/- per Equity Share shall be payable at the time of application.

Entitlement 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Gujarat Toolroom Rights Issue 2024 Issue Timetable

Last Date to buy sharesJune 4, 2024
Record Date June 5, 2024
Credit of Rights Entitlements June 11, 2024
Bid/Offer Opens On June 14, 2024
Renunciation of Rights Entitlements July 8, 2024
Bid/Offer Closes On July 12, 2024
Deemed Date of Allotment July 19, 2024
Credit Date July 22, 2024
Listing Date July 25, 2024

Company Financials

Gujarat Toolroom Ltd. Financial Information (Restated)

Gujarat Toolroom Ltd.'s revenue increased by 28709.52% and profit after tax (PAT) rose by 964.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets7.620.450.42
Revenue2.420.01
Profit After Tax1.39-0.16-0.04
Reserves and Surplus0.80-0.59-0.43
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the gross proceeds raised through the Issue after deducting the Issue-related expense for the below-mentioned Objects:

  1. To augment the existing and incremental working capital requirement of the company;
  2. Investment in its wholly owned subsidiary, GTL Gems DMCC for augmentation of working capital requirements for its business activities; and
  3. General Corporate Purposes.

Gujarat Toolroom Rights Issue 2024 Subscription Status

Gujarat Toolroom Rights Issue 2024 is subscribed 0.57 times as on June 28, 2024 5:00:00 PM. The total bid quantity received by BSE is 34,885,332 shares.

Gujarat Toolroom Rights Issue 2024 Documents

Gujarat Toolroom Rights Issue 2024 Rating

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Gujarat Toolroom Rights Issue 2024 Reviews

Company Contact Information

Gujarat Toolroom Ltd.
404 - 4th floor, Samarth Co.Op.H. Soc,
Nr. Silicon Tower, Nr. Law Garden,
Ellishbridge, Ahmedabad - 380006

Phone: 7227013356
Email: cs@gujarattoolroomgmail.com
Website: http://www.gujarattoolroom.com/

Gujarat Toolroom Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: rights@cameoindia.com
    Website: https://ipo.cameoindia.com/

Gujarat Toolroom Rights Issue 2024 Lead Manager(s)

Gujarat Toolroom Rights Issue 2024 FAQs

The Gujarat Toolroom Rights Issue 2024 opens on June 14, 2024, and closes on July 12, 2024.

Gujarat Toolroom Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsJune 11, 2024
Last Date for renunciation of Rights EntitlementsJuly 8, 2024
Issue Opening DateJune 14, 2024
Issue Closing DateJuly 12, 2024
Date of Allotment (on or about)July 19, 2024
Date of Credit (on or about)July 22, 2024
Date of Listing (on or about)July 25, 2024

Gujarat Toolroom Rights Issue 2024 price is set at ₹8 per share per equity share.

The eligible shareholders are being offered 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (June 5, 2024).

The record date for the Gujarat Toolroom Rights Issue 2024 is June 5, 2024.

The issue size of Gujarat Toolroom Rights Issue 2024 is of 61,108,960 equity shares at ₹8 per share aggregating upto ₹48.89 Crores.

The Letter of Offer for Gujarat Toolroom Rights Issue 2024 can be download here.

You can apply for Gujarat Toolroom Rights Issue 2024 in two ways:

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

Steps to apply for Gujarat Toolroom Rights Issue 2024 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 Gujarat Toolroom Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Gujarat Toolroom Rights Issue 2024.
  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 Gujarat Toolroom Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Gujarat Toolroom Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Hareesh   I Like It. |Report Abuse|  Link|June 13, 2024 5:39:57 PMReply
Why there is so much silence in this counter?
Can experts share their views on this rights issue?
1. V K D   I Like It. |Report Abuse|  Link|May 30, 2024 11:53:26 AMReply
@IPONEED , @SJOGI - Your views on this ?

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