Gian Lifecare Ltd - IPO

Gian Lifecare Ltd IPO Details

Public Issue of upto 14,16,000 equity shares of face value of Rs. 10 each (equity shares) of Gian Life care Limited (the company or the issuer) for cash at a price of Rs. 22 per equity share, including a premuim of Rs. 12 per equity share (the issue price), aggregating Rs. 3.12 Crores (the issue), of which 72,000 equity shares of face value of Rs. 10 for cash at a price of Rs. 22 each aggregating 0.16 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 13,44,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 22 per equity share, aggregating to Rs. 2.96 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 30.12% and 28.59%, respectively of the 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 Rs. 22 is 2.2 times of the face value of the equity shares.Minimum Application size of 6000 equity shares and multiples of 6000 equity shares thereafter.

Objective of issue

To Open Processing Center in nearby Cities. To Purchase Advances Machinery & Equipment. Repayment/Pre-Payment of Certain Borrowings availed by the company. To Meet the Working Capital Requirements. General Corporate Purpose.

Gian Lifecare Ltd Contact Details

Gian Lifecare Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@gianpathlabs.com

Website - www.gianpathlabs.com