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Gayatri Rubbers and Chemicals IPO is a fixed price issue of Rs 4.58 crores. The issue is entirely a fresh issue of 15.28 lakh shares.
Gayatri Rubbers and Chemicals IPO bidding started from January 25, 2023 and ended on January 30, 2023. The allotment for Gayatri Rubbers and Chemicals IPO was finalized on Thursday, February 2, 2023. The shares got listed on NSE SME on February 7, 2023.
Gayatri Rubbers and Chemicals IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Khambatta Securities Limited is the book running lead manager of the Gayatri Rubbers and Chemicals IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Gayatri Rubbers and Chemicals IPO RHP for detailed information.
| IPO Date | January 25, 2023 to January 30, 2023 |
| Listing Date | February 7, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,528,000 shares (aggregating up to ₹4.58 Cr) |
| Fresh Issue | 1,528,000 shares (aggregating up to ₹4.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,210,000 |
| Share holding post issue | 5,738,000 |
| Market Maker portion | 80,000 shares |
Gayatri Rubbers and Chemicals IPO offers 1,528,000 shares. 724,000 (47.38%) to NII, 724,000 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 80,000 (5.24%) |
| Other Shares Offered | 724,000 (47.38%) |
| Retail Shares Offered | 724,000 (47.38%) |
| Total Shares Offered | 1,528,000 (100%) |
Gayatri Rubbers and Chemicals IPO opens on January 25, 2023, and closes on January 30, 2023.
| IPO Open Date | Wednesday, January 25, 2023 |
| IPO Close Date | Monday, January 30, 2023 |
| Basis of Allotment | Thursday, February 2, 2023 |
| Initiation of Refunds | Friday, February 3, 2023 |
| Credit of Shares to Demat | Monday, February 6, 2023 |
| Listing Date | Tuesday, February 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2023 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Shilp Chotai, Mr. Utsav Chotai and Mr. Manoj Kumar Aggarwal are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.37% |
Formally incorporated in 2022 only, Gayatri Rubbers and Chemicals Limited is engaged in the manufacturing and trading of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components, and clear PVC profiles.
These rubber products are then supplied to dealers including Banco, Nalco, and Jindal in the aluminum sector and the agents of Motherson Sumi in addition to state transport in the automobile sector. The rubber compounds are used by various manufacturers and OEMs of rubber products.
Broadly, Gayatri Rubbers and Chemicals is a manufacturer of:
The promoter of the company Mr. Manoj Kumar Aggarwal possesses over 2 decades of experience in the industry and the company is nurturing under his direct guidance.
Gayatri Rubbers undertakes its manufacturing operations from the manufacturing unit located in Ballabhgarh spread in total area of 3 floors each having an area of approximately 4500 sq. ft.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 597.65 | 656.91 | 6.75 | 23.56 | 7.87 | 0.00 |
| 31-Mar-21 | 556.56 | 1,563.08 | 14.53 | 171.52 | 22.39 | 0.00 |
| 31-Mar-22 | 497.77 | 1,673.73 | 81.01 | 155.41 | 103.40 | 263.40 |
| 14-Apr-22 | 573.44 | 120.80 | 30.69 | 185.01 | 134.09 | 262.58 |
| 31-Dec-22 | 898.47 | 1,664.84 | 54.81 | 462.19 | 41.19 | 78.97 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Gayatri Rubbers and Chemicals IPO is Rs 17.21 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 23.62 |
The company intends to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] The boost in margins for the last 21 months of working is a bit surprising and raises concern. It is engaged in a highly competitive and fragmented segment. Based on its FY23 earnings, the issue is aggressively priced. Small equity base post listing indicates longer gestation for migration to the main board. There is no harm in ignoring this pricey bet. Read detail review...
The Gayatri Rubbers and Chemicals IPO is subscribed 37.94 times on January 30, 2023 7:00:00 PM. The public issue subscribed 42.23 times in the retail category, times in the QIB category, and 33.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 33.65 |
| Retail | 42.23 |
| Total | 37.94 |
| Listing Date | February 7, 2023 |
| BSE Script Code | |
| NSE Symbol | GRCL |
| ISIN | INE0LVM01018 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹35.00 |
| ₹35.00 |
| ₹36.75 |
| ₹36.75 |
Gayatri Rubbers and Chemicals Limited
Plot No. 11, Gali No. 3,
Opp. Beri Ka Bagh, Malerna Road Ballabhgarh,
Faridabad – 121004
Phone: +91 9766935377
Email: sales@gayatrirubberchemicals.com
Website: https://gayatrirubberchemicals.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Gayatri Rubbers and Chemicals IPO is a SME IPO of 1,528,000 equity shares of the face value of ₹10 aggregating up to ₹4.58 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on January 25, 2023, and closes on January 30, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Gayatri Rubbers and Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Gayatri Rubbers and Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gayatri Rubbers and Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gayatri Rubbers and Chemicals IPO opens on January 25, 2023 and closes on January 30, 2023.
Gayatri Rubbers and Chemicals IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Gayatri Rubbers and Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gayatri Rubbers and Chemicals IPO will be done on Thursday, February 2, 2023, and the allotted shares will be credited to your demat account by Monday, February 6, 2023. Check the Gayatri Rubbers and Chemicals IPO allotment status.
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