Fixed Price FPO | ₹26 Cr | Listed at BSE | Wed, Nov 22, 2006 - Tue, Nov 28, 2006
Gulshan Sugars FPO is a fixed issue price of ₹26.40 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹26.40 crore.
Gulshan Sugars FPO bidding started from Nov 22, 2006 and ended on Nov 28, 2006. The shares got listed on the BSE on Dec 28, 2006.
Gulshan Sugars FPO is set final issue price at ₹40 per share.
Srei Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Gulshan Sugars FPO RHP for detailed Information.
FPO Open
Wed, Nov 22, 2006
FPO Close
Tue, Nov 28, 2006
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹51.25 Cr
| IPO Date | 22 to 28 Nov, 2006 |
| Listed on | Thu, Dec 28, 2006 |
| Face Value | ₹8 per share |
| Issue Price | ₹40 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 66,00,000 shares (agg. up to ₹26 Cr) |
| Fresh Issue | 66,00,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 62,12,230 shares |
| Share Holding Post Issue | 1,28,12,230 shares |
| BSE Script Code | 524184 |
| ISIN |
Gulshan Sugars FPO comprises a total issue size of 66,00,000 shares. Out of which, 33,00,000 (50.00%) allocated to NII 33,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 33,00,000 | 50.00% |
| Retail Shares Offered | 33,00,000 | 50.00% |
| Total Shares Offered | 66,00,000 | 100.00% |
Gulshan Sugars and Chemicals Ltd.(GSCL) was incorporated May 23, 1980 at Uttar Pradesh at Kanpur. It was converted into a Public Limited Company on March 18, 1986. Company is listed at BSE and its stock traded at 62.25 Rs on Nov 10 2006 (with face value 10 Rs).
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 22.51 | 21.51 | 17.51 | 15.28 |
| Total Income | 12.51 | 41.36 | 43.94 | 41.97 |
| Profit After Tax | 0.95 | 2.86 | 2.22 | 1.97 |
| NET Worth | 16.11 | 15.16 | 13.15 | 11.71 |
| Reserves and Surplus | 11.14 | 10.19 | 8.18 | 6.74 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To expand the existing capacity by setting up a 20,000 TPA Ground Calcium Carbonate (GCC) Unit. | |
| 2 | To set up an additional 3 MW captive power plant at its manufacturing facilities at Muzaffarnagar, Uttar Pradesh. | |
| 3 | To meet the long-term working capital requirement of the company. | |
| 4 | To raise resources for general corporate purposes. | |
| 5 | To meet the expenses of the Issue. | |
| 6 | To list the equity shares of Gulshan Sugars and Chemicals Limited, being offered, on the Bombay Stock Exchange Limited (where the Company’s existing equity shares are already listed); which will enhance the Company’s brand name and provide liquidity to its existing and future shareholders. | |
| Total | 0.00 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 18.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 72.9732% | 35.3816% |
| Market Cap | ₹51.25 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The expenses for the issue includes issue management fees, underwriting commission, selling commission, distribution expenses, printing costs, legal fees, fees to advisors, stationary costs, advertising expenses, marketing expenses, and listing fees payable to the stock exchanges, among others. | 3.18 |
| Total | 3.18 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹37.00 |
| Low | ₹37.00 |
| High | ₹37.00 |
| Last Trade | ₹37.00 |
Lead Manager Reports
Gulshan Sugars FPO is a main-board FPO of 66,00,000 equity shares of the face value of ₹8 aggregating up to ₹26 Crores. The issue is priced at ₹40 per share. The minimum order quantity is .
The FPO opens on Wed, Nov 22, 2006, and closes on Tue, Nov 28, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Gulshan Sugars FPO using UPI as a payment gateway. Zerodha customers can apply in Gulshan Sugars FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gulshan Sugars FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gulshan Sugars FPO opens on Wed, Nov 22, 2006 and closes on Tue, Nov 28, 2006.
Gulshan Sugars FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gulshan Sugars FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gulshan Sugars FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gulshan Sugars FPO allotment status.
The Gulshan Sugars FPO listing date is on Thu, Dec 28, 2006.
