Gujarat Toolroom Ltd., a BSE-listed small-cap firm, introduced the profitable completion of a Certified Establishments Placement (QIP), elevating ₹95.66 crores. This initiative concerned the issuance of seven.19 crore fairness shares at ₹13.30 every, which features a premium of ₹12.30 per share, the corporate introduced in an alternate submitting on December 27, 2024.
Gujarat Toolroom share value was buying and selling within the inexperienced, up 4.94 per cent, at ₹14.88, at 11:12 am, on December 28, on BSE. The corporate enjoys a market capitalisation of ₹345.31 crore, as per BSE.
Names of allottees with numbers included as specified
Bridge India Fund was allotted 1,79,81,202 fairness shares (7.75% post-issue shareholding).
Eminence International Fund PCC – Commerce Fund 1 was allotted 1,79,81,204 fairness shares (7.75% post-issue shareholding).
Multitude Development Funds Restricted was allotted 1,79,81,202 fairness shares (7.75% post-issue shareholding).
Northstar Alternatives Fund VCC – Bullvalue Included VCC Sub-Fund was allotted 1,79,81,202 fairness shares (7.75% post-issue shareholding).
Collectively, these allotments account for 31% of the post-issue fairness share capital.
Following the QIP, Gujarat Toolroom’s paid-up fairness share capital expanded from Rs16.01 crore to ₹23.21 crore. The corporate emphasised that the method adhered strictly to regulatory necessities underneath SEBI (ICDR) Rules, 2018, and the Firms Act, 2013.
“The shareholding sample of the corporate, earlier than and after the QIP, will probably be submitted together with the itemizing software in accordance with Regulation 31 of the SEBI (LODR) Rules, 2015,” the corporate introduced in an alternate submitting.
“We’re inspired by the boldness proven by these respected institutional buyers,” acknowledged Rakesh Kumar Sharma, Managing Director of Gujarat Toolroom Ltd.
The up to date shareholding sample will probably be submitted to regulatory authorities, making certain compliance with SEBI (LODR) Rules, 2015.
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