Public issue of 98,76,543 equity shares comprising of equity shares of face value Rs.10/- each at a price of Rs.81 for cash aggregating Rs.80.00 Crores (herein after referred to as the issue). The issue would constitute 40.02% of the fully diluted post issue paid-up capital of Gwalior Chemical Industries Limited. Issue Price Rs.81 per equity share of face value Rs.10/-Issue price 8.1 is times of the face value