Public issue of 1,34,14,634 equity shares of Rs. 5/- each for cash at a price of Rs. 41 (including premium of Rs. 36) per share aggregating Rs. 55.00 crores (hereinafter referred to as "The Issue"). The issue comprises a net offer to the public of 1,16,70,732 equity shares of Rs. 5/- each aggregating to Rs. 47.85 crores ("Net Offer") and a reservation for employees of Gangotri Textiles Limited of upto 4,02,439 equity shares of Rs. 5/- each aggregating to Rs. 1.65 crores and a reservation of upto 13,41,463 equity shares of Rs. 5/- each for the existing retail shareholders of the company aggregating to Rs. 5.50 crores. The issue would constitute 41.13% of the fully diluted post issue paid-up capital of the company.
Issue price: Rs. 41 per equity share of Rs. 5/- each
The issue price is 8.20 times the face value of Rs. 5/- per share.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
18-May-2006
23-May-2006
₹ 41.00
₹ 0.00
Minimum Application for shares in Nos : 125.0
Further Multiples of : 125.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
351.00
Keynote Corporate Services Ltd
Project Financed through Current Offer
55.00
Post Issue Equity Share Capital
16.31
Issue Price
₹41.00
Projects
Spinning I- A ring spinning unit of 19200 spindles
Spinning II-A ring spinning unit of 31200 spindles
Weaving & processing plant cap. of 51000 mtrs/day
Modern Garment unit with a cap. of 3000 pieces/day
Installation of 6 wind energy generators of 1.65MW