G G Engineering Rights Issue

G G Engineering Rights Issue will open for subscription from 20 July 2023. the company aims for an issue size of ₹49.88 Crores through this rights Issue.

About the company

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 Leyland & Perkins to 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.

Objectives of the Issue

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

Rights Issue Timetable

Last Date to buy shares10 July 2023
Record Date11 July 2023
Credit of Rights Entitlements13 July 2023
Bid/Offer Opens On20 July 2023
Renunciation of Rights Entitlements26 July 2023
Bid/Offer Closes On31 July 2023
Deemed Date of Allotment03 August 2023
Credit Date09 August 2023
Listing Date14 August 2023

G G Engineering Rights Issue

Issue OpenJul 20, 2023 – Jul 31, 2023
Security NameG 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 AtBSE
Terms of PaymentFull amount of Rs. 1/- per Equity Share payable on application.
Entitlement38 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ggel.rights@kfintech.com

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

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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