Stock Report

Gulshan Polyols Ltd allots 24,16,000 shares through QIP

Posted On : 2022-03-24 19:03:28( TIMEZONE : IST )

Gulshan Polyols Ltd allots 24,16,000 shares through QIP

The Board of Directors of Gulshan Polyols Ltd at its meeting held today i.e. March 24, 2022 has approved the allotment of 24,16,000 Equity shares to eligible QIB at the issue price of Rs.326.48 per Equity Share (including a premium of Rs.325.48 to the face value of Rs.1 per Equity Share) which is at a discount of 5 % (i.e. Rs.17.18 per Equity Share), to the Floor Price of Rs.343.66 per Equity Share determined, as per the formula prescribed under Regulations 176(1) of the SEBI Regulations, aggregating to Rs.78,87,75,680 pursuant to the issue.

The Issue opened on March 21, 2022 and closed on March 24, 2022.

Pursuant to the allotment of Equity Shares in the QIP, the paid - up equity share capital of the Company stands increased to Rs.49,333,020 comprising of 49,333,020 equity shares of face value of Rs.1 each.

Shares of Gulshan Polyols Limited was last trading in BSE at Rs. 386.75 as compared to the previous close of Rs. 382.05. The total number of shares traded during the day was 17999 in over 518 trades.

The stock hit an intraday high of Rs. 400.50 and intraday low of 375.00. The net turnover during the day was Rs. 7089362.00.

Source : Equity Bulls


GulshanPolyols INE255D01024 QIP FundRaising SharesAllotment