Gyscoal Alloys Rights Issue Details, Dates, Size, Allotment and more
Last Updated Date: Jan 18, 2023Let’s have a detailed review of the company and analytics of the Gyscoal Alloys Rights Issue offer open date, Term of payment, Gyscoal Alloys Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Issue Price | Rs 2.75 |
| Listing At | NSE, BSE |
| Min. Lot Size | 178,851,382 Eq Shares |
| Record Date | Dec 23, 2022 |
| Issue Size (Rs.) | Rs 4787.84 Lakhs |
| Shares for Issue | 17,41,03,116 Eq Shares |
| Rights entitlement | 110 Equity Shares for Every 100 Equity Shares held |
Gyscoal Alloys Rights Issue is listed at NSE & BSE. Check out the live share price by clicking on the below link.
Gyscoal Alloys Rights Issue – Summary
Their Company was originally incorporated as Shreenath Mineral Metal Private Limited on September 29, 1999, under the Companies Act, 1956 as a private limited company by the Deputy Registrar of Companies, Gujarat, Dadra & Nagar Haveli.
Further, the name of the Company was changed to Gyscoal Alloys Private Limited and a fresh certificate of incorporation was granted by the Registrar of Companies, Gujarat on June 21, 2004.
The Promoter of this company is VIRAL MUKUNDBHAI SHAH, MONA VIRAL SHAH AND SOLANKI ZANKARSINH KISHORSINH. The lead manager to the issue is Fedex Securities Private Limited, and the Registrar to this issue is Purva Sharegistry (India) Private Limited.
Gyscoal Alloys Rights Issue Date
The opening and the closing date of the IPO of Gyscoal Alloys Limited are Jan 2, 2023, and Jan 12, 2023, respectively.
Gyscoal Alloys Rights Issue Allotment Status
Here, you can find the Allotment Status of this Right Issue.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Gyscoal Alloys Rights Issue Dates
Find the dates below on basis of allotment, record, listing, and more:
| Issue Opening Date |
Jan 2, 2023 |
| Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements | Jan 9, 2023 |
| Issue Closing Date | Jan 12, 2023 |
| Credit of Rights Entitlements | Dec 30, 2022 |
| Record date | Dec 23, 2022 |
| Date of Allotment | Jan 19, 2023 |
| Credit of Shares to Demat Account | Jan 25, 2023 |
| Share Listing Date | Jan 27, 2023 |
Gyscoal Alloys Rights Issue Price
The face value of each share is Rs.1, but the Cash Price is Rs.2.75 per Eq share.
Gyscoal Alloys Rights Issue Equity Size
This Initial Public Issue of 178,851,382 Equity Shares of Rs.1 each for cash at a price of Rs.2.75 per equity share aggregating to Rs 4787.84 Lakhs.
Gyscoal Alloys Rights Issue – Live Performance
The listing date of this IPO is Jan 27, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Gyscoal Alloys Share Price |
Gyscoal Alloys Rights Issue – Company Overview
Their Company was converted into a Public Limited Company pursuant to Special Resolution passed by the members at the Extraordinary General Meeting dated February 03, 2006.
The name of their Company was changed to Gyscoal Alloys Limited to reflect the legal status of their Company pursuant to conversion, and a fresh certificate of incorporation was granted by the Assistant Registrar of Companies, Gujarat dated March 21, 2006, bearing Corporate Identification Number U27209GJ1999PLC036656.
Their Company listed its Equity Shares on BSE Limited and the National Stock Exchange of India Limited on October 27, 2010, through an initial public offer.
Gyscoal Alloys Rights Issue – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||||
| 30-Sep-22 | 30-Jun-22 | 30-Sep-21 | 30-Sep-22 | 30-Sep-21 | 31-Mar-22 | |
| Total Assets | 8867.72 | 8703.69 | 8867.46 | 8703.43 | NA | NA |
| *Total Revenue | 612.27 | 380.37 | 682.21 | 992.64 | 1361.68 | 2292.38 |
| Total Expense | 533.45 | 342.80 | 680.33 | 876.25 | 1375.98 | 3378.59 |
| Profit After Tax | 98.14 | 87.18 | 518.70 | 185.31 | 526.25 | -563.21 |
Earnings per Equity Share (in Lakhs)
| 30-Sep-22 | 30-Jun-22 | 30-Sep-21 | 30-Sep-22 | 30-Sep-21 | 31-Mar-22 | |
| Basic & Diluted | 0.06 | 0.06 | 0.33 | 0.12 | 0.33 | -0.36 |
Gyscoal Alloys Rights Issue – Promoters
The Promoters of this company are:
- VIRAL MUKUNDBHAI SHAH,
- MONA VIRAL SHAH
- SOLANKI ZANKARSINH KISHORSINH
List of Related Parties (Key Managerial Personnel)
- MONA VIRAL SHAH, Executive Director and Chairman
- MAHENDRA KUMAR SHUKLA, Executive Director
- DIPALI MANISH SHAH, Non-Executive and Non-Independent Director
- HEMANG HARSHADBHAI SHAH, Non-Executive Independent Director
- LAXMI SHIKANDAR JAISWAL, Non-Executive Independent Woman Director
- RAVIKUMAR MANOJ KUMAR THAKKAR, Non-Executive Independent Director
Gyscoal Alloys Rights Issue Details
| Particulars | Details of Equity Shares |
| Equity Shares proposed to be issued | Up to 178,851,382 Equity Shares |
| Rights Entitlement | Dec 30, 2022 |
| Record Date | Dec 23, 2022 |
| Issue Price per Rights Equity Shares | Rs.2.75/- |
| Issue Size | Up to178,851,382 Equity Shares of the face value of Rs1 each for cash at a price of Rs 2.75 per Rights Equity Share up to the amount of Rs 4787.84 Lakhs |
| Equity Shares issued, subscribed, and paid up prior to the Issue | 15,82,75,560 Equity Shares |
| Equity Shares subscribed and paid up after the Issue | Up to 33,23,78,676 Equity Shares |
Gyscoal Alloys Rights Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction
Private Limited - Part repayment or pre-payment of unsecured loans availed by their Company from Sampati Securities
Limited, one of the Promoter Group Company - General corporate purpose
Gyscoal Alloys – Business Strategy
- To develop new regional markets for their products and services
- Enhanced focus on efficiency, cost, and return on capital
- Maintain and expand long-term relationships with clients
- Investing in advanced technology
- Leveraging of their marketing skills and relationships
Gyscoal Alloys Rights Issue Lead Managers
| Lead Managers |
| Fedex Securities Private Limited B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 Fax No.: 022 2618 6966 E-mail ID: mb@fedsec.in Website: www.fedsec.in Investor Grievance E-Mail ID: mb@fedsec.in Contact Person: Yash Kadakia SEBI Registration Number: INM000010163 |
Gyscoal Alloys Issue Registrar to offer
| Registrar to the Offer |
| Purva Sharegistry (India) Private Limited Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East), Mumbai – 400011, Maharashtra, India Tel No: + 91-22-2301 0771 / 4961 4132; Fax No: NA Email: support@purvashare.com ; Contact Person: Ms. Deepali Dhuri; Website: www.purvashare.com SEBI Registration Number: INR000001112 |
Gyscoal Alloys Issue Details
- Statutory Auditor – M/s. Ashok Dhariwal & Co, Chartered Accountants
- Legal Counsel to the Company – Rajani Associates & Solicitors
- Bankers to the Company – ICICI Bank Limited
Subscribe to Gyscoal Alloys Rights Issue
Gyscoal Alloys Limited Rights Issue News
News 1 – Gyscoal Alloys Rights Issue Draft Download
News 2 – Gyscoal Alloys Rights Issue Letter of Offer
Gyscoal Alloys Rights Issue Review FAQs
Where to download Gyscoal Alloys Rights Issue letter of offer?
This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Gyscoal Alloys Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.
Where to download the Application Form for Gyscoal Alloys Rights Issue?
Application forms of this Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.
How to check Gyscoal Alloys Rights Issue allotment date?
They are highly oriented to provide you with end-to-end details of the this Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.
What is the Gyscoal Alloys Rights Issue price per share?
Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.2.75 per Equity Share through this Rights Issue.
Who is the registrar to Gyscoal Alloys Rights Issue?
Registrar, as chosen by Gyscoal Alloys is Purva Sharegistry (India) Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.
When the Gyscoal Alloys Rights Issue is opening?
They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the this Rights Issue is all set to open on Jan 2, 2023.
When the Gyscoal Alloys Rights Issue is closing?
While the offer would open on Jan 2, 2023, it is most likely scheduled to close on Jan 12, 2023. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the this Rights Issue.
What is the Gyscoal Alloys Issue size?
This Rights Issue is a proposal to raise 178,851,382 Equity shares, aggregating to Rs 4787.84 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.
Who is the Gyscoal Alloys Lead manager?
A designated underwriter or lead manager of Gyscoal Alloys Rights Issue is Fedex Securities Private Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.
What are the important dates of the Gyscoal Alloys Issue?
There are a bunch of important dates regarding the Gyscoal Alloys Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.
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