Penny stock Gujarat Toolroom completes fundraising via QIP; share hits 5% upper circuit
5 months, 2 weeks ago

Penny stock Gujarat Toolroom completes fundraising via QIP; share hits 5% upper circuit

Live Mint  

Penny stock Gujarat Toolroom hit the 5 per cent upper circuit limit of ₹13.05 on Friday, October 11, following the successful completion of a Qualified Institutional Placement. The company raised ₹50 crore at an issue price of ₹11.50 per share, with significant participation from institutional investors, including Zeta Global Funds and Eminence Global Fund PCC Trade Fund. “Gujarat Toolroom is delighted to announce the successful completion of its Qualified Institutional Placement, raising ₹50 crore through the issue and allotment of 4,34,78,260 equity shares at a price of ₹11.50 per share, including a premium of ₹10.50 per share. Financially, Gujarat Toolroom's Price-to-Earnings ratio is low at 2.1, with a Return on Capital Employed of 179 per cent and a Return on Equity of 91.85 per cent, highlighting effective capital utilisation and profit generation.

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Penny stock under ₹5: Company board approves allotment of bonus shares
1 month, 1 week ago

Penny stock under ₹5: Company board approves allotment of bonus shares

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Penny stock under ₹5: Gujarat Toolroom shares hogged the limelight in intra-day trade on Thursday, February 20, following the board nod to allotment of bonus shares and announcement of the December quarter results. Bonus share allotment details The company on Wednesday after market trading hours informed that its board has approved the allotment of 116,03,28,150 shares of ₹1 each as …

THIS small-cap stock below ₹50 declares 5:1 bonus shares; do you own?
2 months, 3 weeks ago

THIS small-cap stock below ₹50 declares 5:1 bonus shares; do you own?

Live Mint  

Gujarat Toolroom board, on Monday, approved 5:1 bonus issue, allowing shareholders five additional shares for every one share they own. The bonus shares will be issued by utilizing ₹116 crore from the securities premium account and retained earnings, leading to a substantial rise in the company’s paid-up share capital, from ₹23.20 crore to ₹139.23 crore. Gujarat Toolroom QIP Recently, Gujarat …

Penny stock hits 5% upper circuit after receiving an order from Reliance Industries
4 months ago

Penny stock hits 5% upper circuit after receiving an order from Reliance Industries

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Penny stock: Gujarat Toolroom Limited, a Gujarat-based company, has hit the upper circuit on the stock market after securing a significant order from Reliance Industries Ltd. Gujarat Toolroom fundraise Earlier this year, in October, Gujarat Toolroom Limited raised ₹50 crore via a Qualified Institutional Placement at an issue price of ₹11.50 per share. In its exchange filing, the company stated, …

Gujarat Toolroom share price hits upper circuit on second day in a row ahead of Q4 results 2024
10 months, 4 weeks ago

Gujarat Toolroom share price hits upper circuit on second day in a row ahead of Q4 results 2024

Live Mint  

Q4 results 2024: Gujarat Toolroom share price has been on an uptrend for the last two days. Gujarat Toolroom Q4 results 2024 date Informing the board meeting date to the Indian stock market bourses, the small-cap company said, "The Board of Directors of the Company meeting is scheduled on 06/05/2024, inter alia, to consider and approve 1. Gujarat Toolroom news …

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