Gayatri Rubbers and Chemicals IPO GMP, Price, Dates & Allotment Details 2023
Gayatri Rubbers and Chemicals IPO will open on January 25 and close on January 30, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 4.58 crore through this public offering, consisting of 1,528,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 30 per share.
The company’s business was previously owned by a sole proprietorship under the name and logo M/s Goyal Rubbers. In April 2009, the proprietorship formally opened for business. The proprietorship has always been concerned in the production of rubber goods. Gayatri Rubbers and Chemicals Limited was founded by the business promoters on March 31, 2022.
Rubber profiles, aluminium rubber profiles, vehicle rubber profiles, rubber compounds, various types of rubber components, and clear PVC profiles are all products that the company manufactures and trades. They provide these rubber goods all over India to Motherson Sumi and a few other state transportation in the automobile industry, as well as to the distributors of Nalco, Banco, and Jindal in the aluminium industry. The business provides rubber compounds to OEMs and other producers of rubber goods.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
Financial Highlights (Consolidated)
| Particulars | Period ended on 31st December 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 462.19 | 155.41 | 171.52 | 23.56 |
| Total Assets | 898.47 | 497.77 | 556.56 | 597.65 |
| Total Revenue | 1664.84 | 1673.73 | 1563.08 | 659.91 |
| Profit After Tax | 54.81 | 81.01 | 14.53 | 6.75 |
| Total Borrowing | 78.97 | 263.4 | 0 | 0 |
Gayatri Rubbers and Chemicals IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 1,528,000 shares of face value of ₹ 10 each, aggregating up to ₹ 4.58 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 30 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 shares |
| Issue Size | 1,528,000 shares of ₹ 10 (Aggregating up to ₹ 4.58 Crore) |
| Fresh Issue | 1,528,000 shares of ₹ 10 (Aggregating up to ₹ 4.58 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| Promoters | Mr. Shilp ChotaiMr. Utsav Chotai Mr. Manoj Kumar Aggarwal |
GMP – Gayatri Rubbers and Chemicals IPO
Gayatri Rubbers and Chemicals IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Gayatri Rubbers and Chemicals IPO
Gayatri Rubbers and Chemicals IPO opens on January 25 and closes on January 30, 2023.
| Opening Date | January 25, 2023 |
| Closing Date | January 30, 2023 |
| Basis of Allotment | February 2, 2023 |
| Initiation of Refunds | February 3, 2023 |
| Credit of shares to Demat A/c | February 6, 2023 |
| Listing Date | February 7, 2023 |
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Lot Size – Gayatri Rubbers and Chemicals IPO
The lot size of the Gayatri Rubbers and chemicals IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e., 4,000 shares of ₹ 120,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 120,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 120,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 240,000 |
Promoters Holdings – Gayatri Rubbers and Chemicals IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.37% |
SWOT Analysis – Gayatri Rubbers and Chemicals IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Quality Assurance. 2. Cordial Relationship with Customers. 3. Ability to control cost. 4. Experienced Management Team. 5. Loyal distributors base built over the years. | 1. Working-Capital intensive business. 2. Dependence on suppliers for the right quality of Products. 3. Labor unavailability |
| OPPORTUNITIES | THREATS |
| 1. Expansion of market. 2. Broaden its offerings to target new segments. 3. Attract new customers to increase market share. | 1. Fluctuations in Market Prices. 2. Intense competitive pressure. 3. Change in Government Policies |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Gayatri Rubbers and Chemicals Limited Plot No. 11, Gali No. 3, Opp. Beri Ka Bagh, Malerna Road Ballabgarh, Faridabad – 121004 Phone: +91 9766935377 Email: [email protected] Website: https://gayatrirubberchemicals.com/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/ |
| IPO Lead Manager(s) | Khambatta Securities Limited |
FAQ’s
What is the Gayatri Rubbers and Chemicals IPO price?
The Gayatri Rubbers and Chemicals IPO price is ₹ 30 per share.
What will be the Gayatri Rubbers and Chemicals IPO lot size?
One lot of Gayatri Rubbers and Chemicals IPO contains 4,000 shares of ₹ 120,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Gayatri Rubbers and Chemicals IPO allotment be available?
The finalisation of the basis of allotment for the Gayatri Rubbers and Chemicals IPO will be done on February 2, 2023, and the allotted shares will be credited to your demat account by February 6, 2023. Check the Gayatri Rubbers and Chemicals IPO allotment status.
When will Gayatri Rubbers and Chemicals IPO list on exchanges?
The Gayatri Rubbers and Chemicals IPO shares listing date is February 7, 2023.
How many shares in Gayatri Rubbers and Chemicals IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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