Gulshan Sugars & Chemicals Ltd, (GSCL), an established manufacturer of activated and precipitated calcium Carbonate in India, with largest capacity and market share in the organized sector, has in its Board Meeting on 20th October, 2006 fixed the Issue Price for its follow-on public issue (FPO) at Rs. 40.
The Company proposes to issue 66, 00,000 equity shares of Rs. 8 each for cash at a premium of Rs. 32. The issue will constitute 51.51% of the fully diluted post-issue paid up capital of the company. The equity shares of the company are presently listed on the Bombay Stock Exchange.
The sole Lead Manager to the issue is SREI Capital Markets Ltd.
GSCL is presently expanding its capacity by installing production facilities for manufacture of Ground Calcium Carbonate (GCC) to cater specifically to the Paper Industry and to some extent the PVC industry.Plans are afoot to set up a 20,000 TPA capacity plant along with an additional 3 MW Captive Power generation unit, at the existing premises of the Company.
