Ginni Filaments Ltd IPO

IPO Synopsis

Public Issue of 26262625 Equity Shares of Rs. 10 each (Equity Shares) for cash aggregating Rs. 60 crores by Ginni Filaments Limited (GFL or The Company or the Issuer). The issue comprises of Promoters contribution of 4444444 equity shares for cash at a price of 27 per Equity Share aggregating Rs. 12 crores (Promoters contribution) and the Net Offer to the Public of 21818181 Equity Shares at a price of Rs. 22 per Equity Share aggregating Rs. 48 crores (Net Issue). The issue will constitute 44.32 % of the fully diluted capital of the company after the Issue. The Issue Price Rs. 22 per Equity share of face value of Rs. 10/. The issue price is 2.2 times of the face value.