Ghushine Fintrrade Ocean Ltd IPO

IPO Synopsis

Public issue of 26,00,000 equity shares of face value of Rs. 10 each (equity shares) of Ghushine Fintrrade Ocean Limited (the company or the issuer) for cash at par, aggregating Rs. 2.60 crores (the issue), of which 1,40,000 equity shares of face value of Rs. 10 each for cash at par, aggregating Rs. 0.14 crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 24,60,000 equity shares of face value of Rs. 10 each for cash at par, aggregating Rs. 2.46 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 52.59% and 49.75% respectively of the fully diluted 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 of Rs. 10 is 1 time of the face value

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