Gallantt Ispat Ltd - Prospectus Synopsis

Gallantt Ispat Ltd RHP

Registered Office : Gallantt House , I-7 Jungpura Extension , New Delhi - 110014 , New Delhi , India.

Phone :   Fax :

Email : nitesh@gallantt.com    Website : www.gallantt.com

Public issue of 81,00,000 equity shares of Rs.10/- each for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating to Rs. 40.50 Crores (hereinafter referred to as the Issue) comprising of 14,00,000 equity shares of promoter contribution and net offer to the public of 67,00,000 equity shares of Rs. 10/- each. The Issue would constitute 30.26% of the fully post issue paid up capital of the company and the net offer to the public would constitute 25.03% of the fully diluted post issue paid up capital of the company. Issue price : Rs. 50/- per equity share of face value of Rs. 10/- each The issue price is 5 (five) times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
22-Sep-2010 24-Sep-2010 Rs 50 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 125 Further Multiples of : 125
  Rs Cr Lead Managers to the Issue
Project Cost 308.43 Anand Rathi Advisors Ltd
Project Financed through Current Offer 40.5  
Post Issue Equity Share Capital 26.77  
Issue Price Rs. 50  
Projects
To part finance the integrated steel plant
Promoted By Listing At Registrar to the Issue
Chandra P Agarwal
Nitin M Kandoli
Prem P Agarwal
Mumbai Niche Technologies Pvt Ltd
 

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