Gokul Agro Resources Rights Issue

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 shares06 March 2023
Record Date08 March 2023
Credit of Rights Entitlements13 March 2023
Bid/Offer Opens On16 March 2023
Renunciation of Rights Entitlements17 March 2023
Bid/Offer Closes On23 March 2023
Deemed Date of Allotment31 March 2023
Credit Date06 April 2023
Listing Date11 April 2023

Gokul Agro Resources Rights Issue

Issue OpenMar 16, 2023 – Mar 23, 2023
Security NameGokul 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 AtBSE, NSE
Terms of PaymentFull Amount of Rs. 92/- per Equity Share is payable on application by the Eligible Shareholder.
Entitlement1 Rights Equity Share(s) for every 32 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

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@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

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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