Gujarat Toolroom Rights Issue

Gujarat Toolroom Rights Issue will open for subscription from 14 June 2024. the company aims for an issue size of ₹48.89 Crores through this rights Issue.

About the company

Gujarat Toolroom is involved in trading silver conductive ink. Its business relies entirely on the market demand and supply of silver ink, which the company imports from Hong Kong. Presently, the company relies on a single supplier for its silver conductive ink. It typically does not need to maintain a stock of the ink and therefore does not have a warehouse facility. The company sells 100% of its products in the domestic market and is working on establishing an independent sales and distribution network to compete effectively in the conductive ink market. As of December 2023, the company had a workforce of 17 employees.

Objectives of the Issue

  • To augment the existing and incremental working capital requirement of the company;
  • Investment in its wholly owned subsidiary, GTL Gems DMCC for augmentation of working capital requirements for its business activities; and
  • General Corporate Purposes.

Gujarat Toolroom Rights Issue Timetable

Last Date to buy shares04 June 2024
Record Date05 June 2024
Credit of Rights Entitlements11 June 2024
Bid/Offer Opens On14 June 2024
Renunciation of Rights Entitlements08 July 2024
Bid/Offer Closes On12 July 2024
Deemed Date of Allotment19 July 2024
Credit Date22 July 2024
Listing Date25 July 2024

Gujarat Toolroom Rights Issue Details

Issue OpenJune 14, 2024 – July 12, 2024
Security NameGujarat Toolroom Ltd.
Issue Size (Shares)61,108,960
Issue Size (Amount)₹48.89 Crores
Issue Price₹8 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentThe Issue Price of ₹ 8/- per Equity Share shall be payable at the time of application.
Entitlement11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)70.07
Net Income(4.49)(16.05)138.75
(Amount in ₹ Lakhs)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Subramanian Building, No.1,
Club House Road, Chennai 600 002
Phone: +91 – 44 4002 0700

Company Contact Information

404, 4th floor, Samarth Co. Op. H. Soc, Nr. Silicon Tower
Nr. Law Garden, Ellis Bridge, Ahmedabad- 380006
Phone: +91-7227013356

Final Thoughts

Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.

Happy investing

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