Gyscoal Rights Issue 22: Issue price and Imp dates

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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: 

  1. Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited (“Omkara”); 
  1. Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and 
  1. 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

Gyscoal Rights Issue 2022 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761

Gyscoal Alloys Rights Issue 2022 Lead Manager(s)

  1. Fedex Securities Limited


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