Gokul Agro Resources Rights Issue will open for subscription from 16 March 2023. the company aims for an issue size of ₹41.13 Crores through this rights Issue.
About the company
Incorporated in 2014, Gokul Agro Resources Limited is one of the leading FMCG Companies in India. GARL operates around the world with its trade. The company also has a subsidiary situated in Singapore to cater to its customers from different parts of the world. In India only, Gokul Agro Resources Limited has a reach in over 20 states and serves with its strong marketing and distribution network. GARL is engaged in the manufacturing and exports of various industrial products such as castor oil of various grades and its derivatives.
The company’s product line consists of products like:
- Soya bean oil
- Cottonseed oil
- Palm oil (Palmolein)
- Sunflower oil
- Groundnut oil
- Vanaspati
Gokul Agro has a state of the Art manufacturing and production facility fully equipped with the latest equipment and technology. This facility is located in Gandhidham, Gujarat, India. One of the strengths of the company is its uninterrupted supply of raw materials with cost-effectiveness. This facilitates the extensive distribution of the products in domestic as well as international markets.
Objectives of the Issue
- Working Capital Requirements;
- General Corporate Purposes.
Rights Issue Timetable
| Last Date to buy shares | 06 March 2023 |
| Record Date | 08 March 2023 |
| Credit of Rights Entitlements | 13 March 2023 |
| Bid/Offer Opens On | 16 March 2023 |
| Renunciation of Rights Entitlements | 17 March 2023 |
| Bid/Offer Closes On | 23 March 2023 |
| Deemed Date of Allotment | 31 March 2023 |
| Credit Date | 06 April 2023 |
| Listing Date | 11 April 2023 |
Gokul Agro Resources Rights Issue
| Issue Open | Mar 16, 2023 – Mar 23, 2023 |
| Security Name | Gokul Agro Resources Limited |
| Issue Size (Shares) | 4,471,011 |
| Issue Size (Amount) | ₹41.13 Crores |
| Issue Price | ₹92 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Full Amount of Rs. 92/- per Equity Share is payable on application by the Eligible Shareholder. |
| Entitlement | 1 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1,553.54 | 8,391.02 | 44.69 |
| 31-Mar-22 | 1,717.09 | 10,407.35 | 122.91 |
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
Gokul Agro Resources Limited
Crown 3, Inspire Business Park, Shantigram,
Nr. Vaishnodevi Circle, S.G. Highway,
Anmedabad- 382421
Phone: +91 – 9099908537
Email: garl@gokulagro.com
Website: https://www.gokulagro.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
