Global Pet Industries IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Global Pet Industries IPO will open on June 29 and close on July 3, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 13.23 crores through this public offering, consisting of 27 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 49 per share.
Global Pet Industries Limited (“the Company”)
Global Pet Industries Limited was incorporated in 2013. The Company is engaged in the business of manufacturing pet machines, pet blow machines, fully automatic pet machines, semi-automatic pet machines, pet blow moulding machines, pet bottle moulds, industrial semi-automatic pet machines, spares, components, parts, and accessories of such machines and equipment, and other mechanical products, including their components, parts, and accessories. The company has two manufacturing facilities situated in Maharashtra, India.
The company has two business divisions.
- domestic sales, and
- exports.
The company has a presence in 19 states for its domestic market based on sales made for the period ending December 31, 2022. Internationally, they supply products in 19 countries: Cameroon, Central African Republic, Ghana, Haiti, Kenya, Mozambique, Nigeria, Nepal, Qatar, South Africa, Tanzania, Tunisia, UAE, Uganda, Liberia, United States of America, Bhutan, Zambia, and Zimbabwe, based on sales made for the period ended December 31, 2022.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Funding Capital Expenditure towards the construction of factory buildings and
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | The period ended on 31st Dec. 22 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 861 | 704 | 589 | 446 |
| Total Assets | 2,240 | 1,679 | 1,593 | 1,063 |
| Reserve & Surplus | 816 | 660 | 544 | 402 |
| Total Borrowings | 0 | 0 | 0 | 24 |
| Total Revenue | 2,306 | 2,800 | 2,286 | 2,002 |
| Profit After Tax | 156 | 116 | 142 | 95 |
IPO details
As per the DRHP filed with SEBI, 27 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The Shreni Shares Private Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 49 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 2,700,000 shares (aggregating up to ₹ 13.23 crores) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹ 13.23 crores) |
| Listing At | NSE SME |
| Company Promoters | Mr. Bipin Nanubhai Pancha |
IPO Reservation
| Categories | No. of shares offered |
| Retail shares offered | Not less than 50% of the offer |
GMP: Global Pet Industries IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Global Pet Industries IPO
The issue opens for subscription on June 29, 2023, and closes for subscription on July 3, 2023 (both days inclusive). The basis of allotment will be finalised on July 16, 2023, and the refunds will be initiated on July 7, 2023. In addition, the demat credits are expected to happen on July 10, 2023, and the stock will be listed on the NSE SME on July 11, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | June 29, 2023, |
| Closing Date | July 3, 2023 |
| Basis of Allotment | July 6, 2023 |
| Initiation of Refunds | July 7, 2023 |
| A credit of shares to Demat A/c | July 10, 2023 |
| Listing Date | July 11, 2023 |
Lot Size
The lot size of the Global Pet Industries IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3.000 shares of ₹ 147,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 147,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 147,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 294,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 100.00% |
| Post-issue Shares Holdings | 72.41% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Global Pet Industries Limited Unit No. 108 & 109, Karishma Industrial Estate, Hissa No. 5, Survey No. 36, Village Waliv, Dhumal Nagar, Vasai (East), Palghar – 401208, Phone: +91 8669621562 Email: investor@globalpetind.com Website: https://globalpetind.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | Shreni Shares Private Limited |
FAQs
The Global Pet Industries IPO price is ₹ 49 per share.
The minimum investment size is one lot for retail investors. One lot of the Global Pet Industries IPO contains 3,000 shares of ₹ 147,000.
The finalisation of the basis of allotment for the Global Pet Industries IPO will be done on July 6, 2023, and the allotted shares will be credited to your demat account by July 10 2023. Check the Global Pet Industries IPO allotment status.
The Global Pet Industries IPO shares listing date is July 11, 2023.
