Gokaldas Exports Ltd allots 1,54,24,164 Equity Shares to QIBs

The Fund Raise Committee of the board of directors of Gokaldas Exports Limited has, at its meeting held today i.e. October 7, 2021, approved the allotment of 1,54,24,164 Equity Shares of face value each to eligible qualified institutional buyers at the issue price of ₹ 194.50 per Equity Share [(including premium of ₹ 189.50 per Equity Share)] (which includes discount of ₹ 0.08 i.e., 0.04% of the floor price, as determined in terms of SEBI ICDR Regulations) aggregating to ₹ 299,99,99,898 (Rupees Two Hundred and Ninety Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred and Ninety Eight only), pursuant to the Issue.

The Issue opened on October 4, 2021 and closed on October 7, 2021.

Pursuant to the allotment of equity shares in the Issue, the paid-up Equity Share capital ofthe Company stands increased from ₹ 21,70,78,315/- consisting of 4,34,15,663 Equity Shares to ₹ 29,41,99,135/- consisting of 5,88,39,827 Equity Shares of face value each.

Shares of Gokaldas Exports Limited was last trading in BSE at Rs. 208.90 as compared to the previous close of Rs. 208.40. The total number of shares traded during the day was 13560 in over 673 trades.

The stock hit an intraday high of Rs. 213.75 and intraday low of 204.60. The net turnover during the day was Rs. 2845449.00.

Source : Equity Bulls

Keywords

GokaldasExports INE887G01027 GOKEX Apparels QIP QIBs FundRaising