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Global Pet Industries IPO GMP, Price, Dates & Allotment Details 2023

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.

  1. domestic sales, and
  2. 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:

  1. Funding Capital Expenditure towards the construction of factory buildings and
  2. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsThe period ended on 31st Dec. 22FY 2021-22FY 2020-21FY 2019-20
Net Worth861704589446
Total Assets2,2401,6791,5931,063
Reserve & Surplus816660544402
Total Borrowings00024
Total Revenue2,3062,8002,2862,002
Profit After Tax15611614295
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 49 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size2,700,000 shares (aggregating up to ₹ 13.23 crores)
Fresh Issue2,700,000 shares (aggregating up to ₹ 13.23 crores)
Listing AtNSE SME
Company PromotersMr. Bipin Nanubhai Pancha

IPO Reservation

CategoriesNo. of shares offered
Retail shares offeredNot 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 DateJune 29, 2023,
Closing DateJuly 3, 2023
Basis of AllotmentJuly 6, 2023
Initiation of RefundsJuly 7, 2023
A credit of shares to Demat A/cJuly 10, 2023
Listing DateJuly 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 147,000
Retail (Maximum)13,000₹ 147,000
HNI (Minimum)26,000₹ 294,000

Promoters Holdings 

Pre-issue Shares Holdings100.00%
Post-issue Shares Holdings72.41%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationGlobal 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: [email protected]
Website: https://globalpetind.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone
: +91-22-6263 8200
Email: [email protected]
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.

Click here for more FAQs.

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