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Open
18 May 2006
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Close
23 May 2006
3
Allotment
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Listing
Mon, Jun 12, 2006
Price Band
₹41 to ₹46
Issue Size
1,34,14,634 shares (agg. up to ₹55 Cr)
Listing Date
Mon, Jun 12, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.01x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 172.53 | 154.65 | 140.21 |
| Total Income | 118.97 | 184.88 | 177.39 |
| Profit After Tax | 6.28 | 3.25 | 6.56 |
| NET Worth | 33.30 | 28.61 | 27.06 |
| Reserves and Surplus | 28.37 | 27.05 | 25.65 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shivalik Global Ltd. | Mainboard | ₹60.00 Cr | ₹60 | null | ₹60.00 | +0.00% | ₹10.08 (-0.49%) |
| Raj Rayon Ltd. | Mainboard | ₹55.25 Cr | ₹65 | 10.77 | ₹55.95 | -13.92% | ₹21.54 (-1.45%) |
| Nitin Spinners Ltd. | Mainboard | ₹49.00 Cr | ₹21 | 12.75 | ₹26.00 | +23.81% | ₹550.35 (+0.38%) |
| Ginni Filaments Ltd. | Mainboard | ₹57.78 Cr | ₹22 | 35.79 | ₹22.85 | +3.86% | ₹48.53 (+2.91%) |
| Bombay Rayon Fashions Ltd. | Mainboard | ₹94.36 Cr | ₹70 | null | ₹83.15 | +18.79% | (+0.00%) |
| Bannari Amman Spinning Mills Ltd. | Mainboard | ₹94.50 Cr | ₹135 | null | ₹132.30 | -2.00% | ₹26.71 (-1.11%) |
| Alps Industries Ltd. | Mainboard | ₹49.81 Cr | ₹120 | 5.71 | ₹105.60 | -12.00% | ₹3.43 (-1.99%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Spinning Unit I | 77.46 |
| 2 | Setting up of Spinning Unit II | 73.76 |
| 3 | Setting up Weaving and Processing plant | 128.83 |
| 4 | Setting up Garment Unit | 7.83 |
| 5 | Installation of six wind mills | 59.12 |
| 6 | Meeting Expenses | 4.00 |
| Total | 351.00 |
About Gangotri Textiles FPO
Incorporated in 1989, Gangotri Textiles Limited is an Indian textile manufacturing company. The company is primarily engaged in the manufacturing of yarn, fabrics, and garments, including open-ended and ring-spun yarn. It also marketed textile products under its brand name “Tibre,” catering mainly to the domestic market. The first project undertaken by GTL was for setting up 4 Open End spinning machines at Palladam Taluk in Coimbatore (Unit I) at an investment of Rs. 4.76 Crs. GTL had availed finance from SIPCOT, Tamil Nadu Indl. Invt. Corpn. (TIIC) and South Indian Bank for the above project. GTL currently has an installed capacity of 5,904 rotors, which makes it a large-sized player in the organised segment of the OE spinning industry. Competitive Strengths: Established Customer base Established Marketing & Distributing Network Quality Produce Human Resource + Read More
Contact Details
Gangotri Textiles Ltd. Address473/2, P.K.D.NagarPeelameduCoimbatore, Tamil Nadu, 64100491 422 4332100shares@gangotritextiles.comVisit Website