Gujarat-Fluorochemicals


IN THE CAPITAL MARKET Gujarat Fluorochemicals GUJARAT FLUOROCHEMICALS will be launching a public issue of 39,20,000 equity shares of Rs 10 each which will partly finance the setting up of a plant for the manufacture of chlorofluorocarbon refrigerant gases and anhydrous hydrofluoric acid with licensed capacities of 5,000 tpa and 2,200 tpa, respectively. The issue for cash at par is for 70,49,930 equity shares of Rs 10 each. Out of this, 22,49,930 shares are reserved for firm allotment to the promoters, their friends, relations and associate companies. Further, 8,80,000 equity shares are reserved for firm allotment to the co-promoters, Gujarat Industrial Investment Corporation. Out of the 39,20,000 equity shares offered to the public, 15.68,000 have been reserved for preferential allotment to 'non-residents' on a repatriation basis, 4,00,000 equity shares have been reserved for preferential allotment to the 'employees' and the balance 19,52,000 equity shares are being offered to the Indian public.