Founded in 1999, Gyscoal Alloys is actively involved in the trade of iron and steel scraps, billets, CTD Bars, TMT Bars, and stainless steel long products.
Among Gyscoal Alloys’ array of stainless steel long products are angles, bright bars, black bars, flats, hexagonal and round corner squares (RCS), channels, sections, pata-patti, and rectangles, conforming to standard dimensions. The company has earned the ISO 9001:2015 certification for its manufacturing and supply of these products.
Gyscoal Alloys’ global reach is evident through its exports to a diverse set of countries, including but not limited to Thailand, Bangladesh, Vietnam, Kenya, Malaysia, Yemen, UAE, Philippines, Egypt, Germany, Ecuador, Morocco, Guatemala, Italy, Taiwan, Srilanka, Belgium, Brazil, Turkey, Indonesia, Iran, Russia, and Myanmar.
The helm of Gyscoal Alloys is guided by Viral Mukundbhai Shah, a pivotal figure who holds the positions of Promoter and CEO. A founding member of the company, Viral Mukundbhai Shah’s enduring association has been instrumental since its inception.
Gyscoal Alloys Rights Issue 2022 Detail #
| Issue Open | Jan 2, 2023 – Jan 12, 2023 |
| Security Name | Gyscoal Alloys Limited |
| Issue Size (Shares) | 178,851,382 |
| Issue Size (Amount) | ₹49.18 Crores |
| Issue Price | ₹2.75 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 110 Equity Shares for Every 100 Equity Shares held |
Gyscoal Alloys Rights Issue 2022 Issue Timetable #
| Record Date | Dec 23, 2022 |
| Credit of Rights Entitlements | Dec 30, 2022 |
| Bid/Offer Opens On | Jan 2, 2023 |
| Renunciation of Rights Entitlements | Jan 9, 2023 |
| Bid/Offer Closes On | Jan 12, 2023 |
| Deemed Date of Allotment | Jan 19, 2023 |
| Credit Date | Jan 25, 2023 |
| Listing Date | Jan 27, 2023 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-22 | 87.03 | 22.92 | -5.63 | -31.46 | 79.09 |
| Amount in ₹ Crore | |||||
Objects of the Issue: #
The company proposes to utilize the Net Proceeds towards the following objects:
- Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited (“Omkara”);
- Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and
- General corporate purpose
Gyscoal Alloys Rights Issue 2022 Documents #
Company Contact Information #
Plot No. 2/3 GIDC Ubkhal, Kukarwada,
Tal. Vijapur, Dist. Mehsana Kukarwada – 382830,
Mahesana, Gujarat- 382830 IndiaPhone: +079 66614508
Email: cs@gyscoal.com
Website: http://www.gyscoal.com/
Gyscoal Alloys Rights Issue 2022 Registrar #
- Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
