Gautam Gems Rights Issue will open for subscription from 15 September 2022. The company aims for an issue size of ₹44.30 Crores through this rights issue.
Gautam Gems Limited
Incorporated in 2014, Gautam Gems Limited is an Importer, Exporter and Manufacturer of rough and polished diamonds. The company’s registered and corporate office is located in Surat, which is the diamond hub of India.
Gautam Gems sell diamonds of multiple category, shape, cut, size and colour. The company offers Round Brilliant and All Fancy shape, 0.18 cts up to 15.00 its Size and D to N colour with all type of Fancy colour kind of diamonds is demanded by the customers.
The company have created and maintained an independent sales and distribution network for the products within the Domestic markets. Further to ensure customer satisfaction, quality supply of diamonds, timely delivery of orders and purchase-sale of authentic diamonds, Gautam Gems deals with the suppliers and customers on mutually agreed terms.
Objects of the Issue
- To meet the working capital requirements of the company.
- For General Corporate Expenses.
- To meet the Issue Expenses.
- Repay whole or partial unsecured loan taken from Promoters.
Gautam Gems Rights Issue Issue Timetable
| Bid/Offer Opens On | 15 September 2022 |
| Bid/Offer Closes On | 30 September 2022 |
| Record Date | 01 September 2022 |
| Deemed Date of Allotment | 12 October 2022 |
| Renunciation of Rights Entitlements | 26 September 2022 |
Gautam Gems Rights Issue Details
| Issue Open | Sep 15, 2022 – Sep 30, 2022 |
| Security Name | Gautam Gems Limited |
| Issue Size (Shares) | 40,268,236 |
| Issue Size (Amount) | ₹44.30 Crores |
| Issue Price | ₹11 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs 2.75 per share has to be paid at the time of Application, Rs 5.50 Per Issue Share shall be payable on First Call and Rs. 2.75 Per Issue Share shall be payable on Second Call. |
| Entitlement | 4 Equity Shares for every 1 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 15.29 | 328.78 | 0.57 |
| 31-Mar-21 | 37.25 | 93.82 | 0.34 |
| 31-Mar-22 | 49.52 | 180.2 | 0.52 |
Gautam Gems Rights Issue Registrar
- KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: gautamgems.rights@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Gautam Gems Limited
3rd Floor, Office -301,
Sumukh Super Compound,
Vasta Devadi Road, Surat – 395004,
Phone: 0261-2538046
Email: complianceggl@gmail.com
Website: https://www.gautamgems.com/index.php
Final thoughts
Gautam Gems Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
