Gallantt Metal Ltd IPO

Closed

Subscription Details

  • Open Date 06 Mar
  • Close Date 10 Mar
  • Lot Size 500
  • IPO Size ₹ 37.12 Cr
  • IPO Price Range ₹ 10
  • Min Investment ₹ 5000

Gallantt Metal Ltd IPO Timeline

Open Date
06 Mar
Close Date
10 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Gallantt Metal Ltd IPO

Contact Information

Address

Gallantt House,
I-7 Jungpura Extension,
New Delhi, New Delhi 110014

Gallantt Metal Ltd IPO Lead Manager

Anand Rathi Securities Pvt Ltd
Open Demat Account