Gyscoal Alloys, a 1999 incorporation, trades scrap iron and steel, billets, CTD bars, TMT bars, and stainless-steel long products. Angles, bright bars, black bars, flats, hexagonal and round corner squares (RCS), channels, sections, pata-patti, and rectangles in conventional sizes are among Gyscoal Alloys’ stainless steel long goods. The business received ISO 9001:2015 accreditation for the production and distribution of its goods.
Thailand, Bangladesh, Vietnam, Kenya, Malaysia, Yemen, United Arab Emirates, Philippines, Egypt, Germany, Ecuador, Morocco, Guatemala, Italy, Taiwan, Sri Lanka, Belgium, Brazil, Turkey, Indonesia, Iran, Russia, and Myanmar are just a few of the nations that Gyscoal Alloys has shipped its goods to.
Gyscoal Alloys Rights Issue 2022 Detail
| Issue Open | Jan 2, 2023 – Jan 12, 2023 |
| Security Name | Gyscoal Alloys Limited |
| Issue Size (Shares) | 178,851,382 |
| Issue Size (Amount) | ₹49.18 Crores |
| Issue Price | ₹2.75 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 110 Equity Shares for Every 100 Equity Shares held |
Gyscoal Rights Issue 2022 Issue Timetable
| Record Date | Dec 23, 2022 |
| Credit of Rights Entitlements | Dec 30, 2022 |
| Bid/Offer Opens On | Jan 2, 2023 |
| Renunciation of Rights Entitlements | Jan 9, 2023 |
| Bid/Offer Closes On | Jan 12, 2023 |
| Deemed Date of Allotment | Jan 19, 2023 |
| Credit Date | Jan 25, 2023 |
| Listing Date | Jan 27, 2023 |
Gyscoal Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-22 | 87.03 | 22.92 | -5.63 | -31.46 | 79.09 |
| Amount in ₹ Crore |
Gyscoal Right issue Objectives:
The company proposes to utilize the Net Proceeds towards the following objects:
- Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited (“Omkara”);
- Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and
- General corporate purpose
Rights Issue 2022 Documents
Company Contact Information
Gyscoal Alloys Limited
Plot No. 2/3 GIDC Ubkhal, Kukarwada,
Tal. Vijapur, Dist. Mehsana Kukarwada – 382830,
Mahesana, Gujarat- 382830 India
Phone: +079 66614508
Email: cs@gyscoal.com
Website: http://www.gyscoal.com/
Gyscoal Rights Issue 2022 Registrar
- Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Gyscoal Alloys Rights Issue 2022 Lead Manager(s)
- Fedex Securities Limited
