Public Issue of 77,00,000 equity shares of Rs. 10 each for cash at a price of Rs. 71 per equity share (including a share premium of Rs. 61 per equity share) aggregating Rs. 54.67 crores by Gyscoal Alloys Limited ('Company' or 'Issuer' or 'GAL'). The Issue would constitute 48.65% of the fully diluted post issue paid up capital of the company.
Issue price : Rs. 71 per fully paid up equity share of face value Rs. 10 each.
The issue price is 7.1 times the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
13-Oct-2010
15-Oct-2010
₹ 71.00
₹ 0.00
Minimum Application for shares in Nos : 90.0
Further Multiples of : 90.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
67.78
Chartered Capital and Investment Ltd
Project Financed through Current Offer
54.67
Post Issue Equity Share Capital
15.83
Issue Price
₹71.00
Projects
To finance capital exp. for enhancing production
To meet the long term working capital requirements