GI Engineering Solutions Rights Issue will open for subscription from 27 April 2023. the company aims for an issue size of ₹49.86 Crores through this rights Issue.
About the company
Incorporated in 2006, GI Engineering Solutions Limited specializes in providing civil engineering and IT support services. The company provides Civil Design, Project Management, Environmental Studies, Land Planning, Structural Design, and Surface Water Management services.
Objectives of the Issue
Rights Issue Timetable
| Last Date to buy shares | 17 April 2023 |
| Record Date | 18 April 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 27 April 2023 |
| Renunciation of Rights Entitlements | 03 May 2023 |
| Bid/Offer Closes On | 09 May 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
GI Engineering Solutions Rights Issue Details
| Issue Open | Apr 27, 2023 – May 9, 2023 |
| Security Name | GI Engineering Solutions Limited |
| Issue Size (Shares) | 49,860,082 |
| Issue Size (Amount) | ₹49.86 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Full amount of Rs. 10/- per Equity Share payable on application. |
| Entitlement | 11 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-18 | 14.24 | 0.02 | 0.09 |
| 31-Mar-19 | 8.28 | 0.05 | -0.08 |
| 31-Mar-20 | 9.16 | 0.12 | -0.04 |
| 31-Mar-21 | 4.59 | 0.20 | -2.52 |
| 31-Mar-22 | 4.44 | 0.11 | 0.01 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://www.bigshareonline.com/
Company Contact Information
GI Engineering Solutions Limited
73A SDF-III, SEEPZ,
Andheri (East),
Mumbai-400 096
Phone: 022-44884488
Email: investors@giesl.in
Website: http://www.giesl.in
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
