Pursuant to Regulation 92(1) of SEBI(ICDR) Regulations, 2018 newspaper publication in respect to details of subscription, basis of allotment and date of credit of equity shares is submitted herewith
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Garment Mantra Lifestyle Limited has completed its Rights Issue of 39,14,97,795 partly paid-up equity shares at ₹1.20 per share (including a ₹0.20 premium), aggregating to ₹4,697.97 lakhs, in the ratio of 39 shares for every 20 held as of the April 17, 2025 record date. The issue, which opened on April 30 and closed on May 14, 2025, received 3,159 applications for 46,81,11,675 shares, of which 378 applications for 1,12,50,972 shares were rejected on technical grounds. Valid applications stood at 2,781 for 45,68,60,703 shares, marking a healthy 116.70% subscription. The basis of allotment was finalised on May 22, 2025, shares were credited to demat accounts on May 28, 2025, and BSE listing approval was received on May 26, 2025, with trading expected to begin on or around May 30, 2025.
The rights issue was oversubscribed (116.70%), reflecting solid investor demand, and trading of the new shares is expected to commence around May 30, 2025 on BSE. Existing shareholders should expect share count dilution, while the company raises fresh capital of around ₹4.7 crore (first call money) to support its business plans.