Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.
Company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.
The Company’s products adhere to high quality standards and it has got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems.
Company Promoters:
The Promoters of the Company are:1. Mr. Viral M. Shah
2. Mr. Manish M. Shah
3. Mrs. Giraben K. Solanki
4. Mr. Zankarsinh K. Solanki
5. General Capital And Holding Company Private Limited
Company Financials:
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 12,558.15 | 13,238.18 | 7,776.26 | 3,248.96 | 670.11 | |
| Profit After Tax (PAT) | 178.86 | 730.55 | 280.18 | 56.48 | 22.21 | |
Objects of the Issue:
The Object of the issue are:1. To finance capital exp. for enhancing production;
2. To meet the long term working capital requirements;
3. To meet general corporate purpose.
Issue Detail:
»» Issue Open: Oct 13, 2010 - Oct 15, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 7,700,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 54.67 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 65 - Rs. 71 Per Equity Share
»» Market Lot: 90 Shares
»» Minimum Order Quantity: 90 Shares
»» Listing At: BSE, NSE
Gyscoal Alloys Ltd IPO Grading / Rating
CARE has assigned an IPO Grade 2 to Gyscoal Alloys Ltd IPO. This means as per CARE company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Gyscoal Alloys Ltd.
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