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Gayatri Rubbers and Chemicals IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. To meet the working capital requirements of the Company;
  2. General Corporate Purpose; and
  3. To meet the Issue Expenses

Financial Highlights (Consolidated)

ParticularsPeriod ended on 31st December 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth462.19155.41171.5223.56
Total Assets898.47497.77556.56597.65
Total Revenue1664.841673.731563.08659.91
Profit After Tax54.8181.0114.536.75
Total Borrowing78.97263.400
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 30 per share
Face Value₹ 10 per share
Market Lot4,000 shares
Issue Size1,528,000 shares of ₹ 10 (Aggregating up to ₹ 4.58 Crore)
Fresh Issue1,528,000 shares of ₹ 10 (Aggregating up to ₹ 4.58 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtNSE SME
PromotersMr. 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 DateJanuary 25, 2023
Closing DateJanuary 30, 2023
Basis of AllotmentFebruary 2, 2023
Initiation of RefundsFebruary 3, 2023
Credit of shares to Demat A/cFebruary 6, 2023
Listing DateFebruary 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)14,000₹ 120,000
Retail (Maximum)14,000₹ 120,000
HNI (Minimum)28,000₹ 240,000

Promoters Holdings – Gayatri Rubbers and Chemicals IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings73.37%

SWOT Analysis – Gayatri Rubbers and Chemicals IPO

STRENGTHSWEAKNESSES
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
OPPORTUNITIESTHREATS
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 InformationGayatri 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 RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
IPO Lead Manager(s)Khambatta Securities Limited 

FAQ’s

The Gayatri Rubbers and Chemicals IPO price is ₹ 30 per share.

One lot of Gayatri Rubbers and Chemicals IPO contains 4,000 shares of ₹ 120,000.

The minimum investment size is one lot for retail investors.

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.

The Gayatri Rubbers and Chemicals IPO shares listing date is February 7, 2023.

Click here for more FAQs.

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