Ginni Filaments Ltd - IPO

Ginni Filaments Ltd IPO Details

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.

Objective of issue

Expand Ring&Open End spinning capcty of Cottn Yarn. Set up a Green Field Nonwoven Fabric Mfg Unit. To set up a Green Field Garment Mfg Unit.

Ginni Filaments Ltd Contact Details

Ginni Filaments Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - secretarial@ginnifilaments.com

Website - www.ginnifilaments.com