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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Gian Lifecare Ltd
Registered Office:
7/216 (6) Swaroop Nagar,,
Kanpur - 208002,
Uttar Pradesh, India.
Public Issue of upto 14,16,000 equity shares of face value of (Rs) 10 each ("equity shares") of Gian Life care Limited ("the company" or the "issuer") for cash at a price of (Rs) 22 per equity share, including a premuim of (Rs) 12 per equity share (the "issue price"), aggregating (Rs) 3.12 Crores ("the issue"), of which 72,000 equity shares of face value of (Rs) 10 for cash at a price of (Rs) 22 each aggregating 0.16 Crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 13,44,000 equity shares of face value of (Rs) 10 each for cash at a price of (Rs) 22 per equity share, aggregating to (Rs) 2.96 Crores is hereinafter referred to as the "net issue. The issue and the net issue will constitute 30.12% and 28.59%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs) 10 each and the issue price (Rs) 22 is 2.2 times of the face value of the equity shares. Minimum Application size of 6000 equity shares and multiples of 6000 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
31-Dec-19
03-Jan-20
22.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 6000     Further Multiples of : 6000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
3.12
Hem Securities Ltd
Project Financed
3.12
 
Post Issue
4.70
 
Issue Price
22.00
 
Projects
To Open Processing Center in nearby Cities
To Purchase Advances Machinery & Equipment
Repayment/Pre-Payment of Certain Borrowings availed by the company
To Meet the Working Capital Requirements
General Corporate Purpose
Promoted By
Arun Kumar Gupta
Listing At
BSE - SME
Registrar to the Issue
No Data Available!!!
.
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