Gujarat Toolroom Limited Rights Issue: Important Things to Consider

Gujarat Toolroom Limited came up with the rights issue. The issue size reported by the company is 61,108,960 Equity shares with a decided issue price of Rs 8 per share, a total amounting to Rs 48.89 Crores. At the same time, the face value is Re 1 per share. Investors who currently do not hold shares of Gujarat Toolroom Limited have the opportunity to purchase shares until June 4, 2024, to qualify for this rights issue. It's important to note that the record date for eligibility is June 5, 2024. The registrar for this rights issue is not yet announced. If we look at the entitlement ratio, it is reported that 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date.

About Gujarat Toolroom Limited

Gujarat ToolRoom Limited, established in 1992 in technical collaboration with Schober AG, Switzerland, is professionally managed by a team of young and dynamic engineers dedicated to precision and quality. The company has designed and manufactured over 300 high-precision moulds, showcasing its expertise and commitment to excellence. Gujarat ToolRoom Limited utilizes advanced technology, including Pro/Engineer v20 CAD-CAM software, CNC Charmilles Roboform 200 die sinking machines, and CNC Maho 600 W Universal milling machines, along with a range of supporting conventional machines. Every aspect of design and manufacture is meticulously supervised to ensure the highest standards of precision and quality, making GTL a leader in the industry.

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Financial Performance of Gujarat Toolroom Limited (Amt in Rs Crore)

In the period ended March 31, 2023, the company's revenue went up sharply, reaching Rs 2.42 crore from Rs 0.01 crore, which is an increase of 24,100%. Whereas the company reported a profit after tax of Rs 1.39 crore, improving from a loss of Rs 0.16 crore last year, therefore, the profit after tax increased by 968.75%

Important Dates for Gujarat Toolroom Rights Issue

Timetable of Gujarat Toolroom Rights Issue

How do I apply for the Gujarat Toolroom Rights Issue?

Once the company’s rights Issue application is open for subscription, you can click here to apply with Bigul.

How do I check the allotment status of the Gujarat Toolroom Rights Issue?

The company has not yet announced the registrar for this rights issue.

FAQs

1. What are the important dates for Gujarat Toolroom's rights issue?

The important dates include the opening & closing dates of the rights issue is June 14, 2024, and June 12, 2024 respectively. 

2. What is the last Date to buy Shares?

To get eligible for the rights issue of Gujarat Toolroom limited, an investor can buy its shares till June 4, 2024.

3. What is the record date for the Gujarat Toolroom Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is June 5, 2024. 

4. What are the recent financial updates of Gujarat Toolroom Limited?

In the period ended March 31, 2023, the company's revenue went up sharply, reaching Rs 2.42 crore from Rs 0.01 crore, which is an increase of 24,100%. Whereas the company reported a profit after tax of Rs 1.39 crore, improving from a loss of Rs 0.16 crore last year, therefore, the profit after tax increased by 968.75%

5. How can I apply for the Gujarat Toolroom Rights Issue?

You can apply for the Gujarat Toolroom Rights Issue by visiting here.

6. How can I check the allotment status of the Gujarat Toolroom Issue?

The company has not yet announced the registrar for this rights issue.

7.  From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

8. Where will the Gujarat Toolroom Rights Issue be listed?

The Rights Issue will be listed on the Bombay Stock Exchange (BSE).

9. What is the entitlement ratio for the Gujarat Toolroom Limited Rights Issue?

The entitlement ratio is set at 11 Rights Equity Shares for every 10 fully paid-up equity shares held on the record date.

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