Gujarat Natural Rights Issue dates are 12 – 20 December 2024.
Gujarat Natural Resources (GNRL) is a public limited company based in India, primarily engaged in the upstream oil and gas sector. Established in 1991, GNRL operates through its wholly-owned subsidiary, GNRL Oil & Gas, which has significant interests in six producing blocks located in the Cambay basin, where it serves as the operator for five of these blocks.
GNRL has demonstrated significant financial growth and strategic expansion in the oil and gas sector. The company reported a remarkable 133.16% year-on-year increase in consolidated net sales for March 2024, reaching INR 7.84 crore, alongside a 519.03% increase in standalone net sales, totaling INR 1.67 crore. This growth is attributed to GNRL’s ongoing investments, including an infusion of INR 15 crore aimed at enhancing its oil exploration capabilities, following a previous investment of INR 35 crore.
Promoters of Gujarat Natural Resources – Ashok Chinubhai Shah, and Shalin Ashok Shah
Gujarat Natural Rights Issue Details
| Gujarat Natural Rights Issue Date | 12 – 20 December 2024 |
| Gujarat Natural Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,81,50,987 shares |
| Issue Size (in INR) | INR 48.15 crore |
| Issue Entitlement | 3 equity shares for every 5 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Gujarat Natural Rights Issue Record Date | 3 December 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Gujarat Natural Rights Issue Calculation
| Gujarat Natural Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 22.75 per share |
| Dilution Factor (X) | 1.6 |
| Fair Value After Dilution at Prevailing Price | INR 17.97 per share |
Gujarat Natural Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 8.39 | 13.31 | 27.40 |
| Expenses | 9.22 | 12.31 | 21.86 |
| Operating Margin (%) | (9.89) | 7.51 | 20.22 |
| Net Income | (4.09) | (6.20) | (3.88) |
| ROCE (%) | (2.68) | (0.73) | (1.21) |
Gujarat Natural Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Investment in wholly owned subsidiaryÂ
- Repayment of certain outstanding borrowings availed by the companyÂ
- General corporate purposesÂ
Gujarat Natural Rights Offer Documents
Gujarat Natural Rights Issue Dates
| Rights Issue Approval Date | 27 November 2024 |
| Rights Issue Record Date | 3 December 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 12 December 2024 |
| Last Date for Market Renunciation | 17 December 2024 |
| Rights Issue Closing Date | 20 December 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Gujarat Natural Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit no. 9, Shiv Shakti Ind. Estt. J. R. Boricha Marg,
Lower Parel (E) Mumbai 400 011
Phone: 079 – 23012518
Email: [email protected]
Website:Â www.purvashare.com
GUJARAT NATURAL RESOURCES LIMITED
Ninth Floor, 906 to 910, ANAM-1, Parimal Garden,
Ellisbridge, Ahmadabad City, Gujarat, India, 380006
Phone:Â +91 92654 02633/ 079 3521 9058
Email: [email protected]
Website:Â www.gnrl.in
Gujarat Natural Rights Offer FAQs
What is the Gujarat Natural Rights Issue Price?
The issue price is INR 10 per share.
What is the Gujarat Natural Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 5 Equity Shares held on the record date.
What is the Gujarat Natural Rights Issue Record Date?
The Record date is 3 December 2024.
How to Apply in Gujarat Natural Rights Offer?
The best way to apply in Gujarat Natural Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
