Gokaldas Exports spurts 5% after QIP issue launch on October 4

The floor price has been fixed at Rs194.58 per share.

Oct 05, 2021 09:10 IST India Infoline News Service

Gokaldas Exports Limited has launched its qualified institutional placement (QIP) issue on October 4 of equity shares of face value Rs5 each. The floor price has been fixed at Rs194.58 per share.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The board of directors of the company at its meeting held on August 24, 2021, had approved the fundraise, and the special resolution passed by the members of the company on September 17, 2021.
The company stock was bullish on Tuesday amid weak markets. At around 9.48 am, Gokaldas Exports Ltd was trading at Rs224.40 per piece up by Rs10.65 or 4.98% from its previous closing of Rs213.75 per piece on the BSE.
The scrip opened at Rs224.40 and has touched a high and low of Rs224.40 and Rs217 respectively. 

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