Gallantt Metal Ltd - Prospectus Synopsis

Gallantt Metal Ltd RHP

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

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Public Issue of 37,120,000 equity shares of Rs.10/- each for cash at par aggregating Rs. 37.12 crores (hereinafter referred to as the Issue) comprising of 6,000,000 equity shares of promoters and promoter group contribution, 1,556,000 equity shares reserved for permanent employees of the Company and Net offer to the public of 29,564,000 equity shares of Rs.10/- each of which 29,56,400 Equity Shares being 10% of the Net Offer to the public to be compulsorily alloted to QIBs. The Net offer to the Public would constitute 38.74% of the fully diluted post issue paid up capital of the Company. The face value of the equity shares is Rs.10/- each and the issue price is 1 time the face value. The project has a participation of Rs. 114.50 crore as Term Loans from Consortium of Banks.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Mar-2006 10-Mar-2006 Rs 10 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 500 Further Multiples of : 500
  Rs Cr Lead Managers to the Issue
Project Cost 190.82 Anand Rathi Securities Pvt Ltd
Project Financed through Current Offer 37.12  
Post Issue Equity Share Capital 76.32  
Issue Price Rs. 10  
To part finance the integrated Steel Plant
Promoted By Listing At Registrar to the Issue
Chandra Prakash Agrawal
Dinesh Kumar Agarwal
Nitin Kandoi
Mumbai Niche Technologies Pvt Ltd

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