Gallantt Ispat Ltd. - IPO

Gallantt Ispat Ltd. IPO Details

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.

Objective of issue

To part finance the integrated Steel Plant. To meet the working capital requirements. To utilise funds for general corporate purposes.

Gallantt Ispat Ltd. Contact Details

Gallantt Ispat Ltd., D-511 Bagree Market, 5th Floor, 71 B R B Basu Road, Kolkata - 700001

Phone - 91-033-22357270/7271/3070

Fax - 91-033-22156823

Email - csgml@gallantt.com

Website - www.gallantt.com