Gujarat Polysol Chemicals Limited (GPCL), among the main synthetic substances makers for the Infra-tech (Construction), agro, colors and cowhide businesses in India, has recorded its Draft Red Herring Prospectus (DRHP) with market controller Securities and Exchange Board of India (SEBI), to raise assets by offering its value shares collecting up to ₹414 crore through a first sale of stock (IPO) course.
Gujarat Polysol Chemicals Limited (GPCL), among the main synthetic substances makers for the Infra-tech (Construction), agro, colors and cowhide businesses in India, has recorded its Draft Red Herring Prospectus (DRHP) with market controller Securities and Exchange Board of India (SEBI), to raise assets by offering its value shares collecting up to ₹414 crore through a first sale of stock (IPO) course.The organization propose to use the net returns towards financing reimbursement or pre-installment, in full or partially, of all or certain borrowings benefited by the organization and general corporate reason.
The total assembling limit of 130,400 MT for each annum across organization’s assembling units which in view of end use industry can be grouped into infra-tech (development) synthetic substances; Agro-synthetics (pesticide details); colors, shades and material synthetic substances; and calfskin synthetics.
GPCL’s rehashed all out pay on for the half year time frame finished September 30, 2021, and for Fiscal 2021, Fiscal 2020 and Fiscal 2019, was ₹183 crore, ₹380 crore, ₹440 crore, and ₹439 crore separately. Its rehashed benefit for the year, developed at a CAGR of 76.42% between the Fiscals 2019 and 2021.
