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Getalong Enterprise Limited IPO is a fixed price issue of Rs 5.18 crores. The issue is entirely a fresh issue of 7.5 lakh shares.
Getalong Enterprise Limited IPO bidding started from September 27, 2021 and ended on September 30, 2021. The allotment for Getalong Enterprise Limited IPO was finalized on Tuesday, October 5, 2021. The shares got listed on BSE SME on October 8, 2021.
Getalong Enterprise Limited IPO price is ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Shreni Shares Limited is the book running lead manager of the Getalong Enterprise Limited IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Getalong Enterprise Limited IPO RHP for detailed information.
| IPO Date | September 27, 2021 to September 30, 2021 |
| Listing Date | October 8, 2021 |
| Face Value | ₹10 per share |
| Price | ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 750,000 shares (aggregating up to ₹5.18 Cr) |
| Fresh Issue | 750,000 shares (aggregating up to ₹5.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,078,400 |
| Share holding post issue | 1,828,400 |
| Market Maker portion | 38,000 shares |
Getalong Enterprise Limited IPO offers 750,000 shares. 356,000 (47.47%) to NII, 356,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 38,000 (5.07%) |
| Other Shares Offered | 356,000 (47.47%) |
| Retail Shares Offered | 356,000 (47.47%) |
| Total Shares Offered | 750,000 (100%) |
Getalong Enterprise Limited IPO opens on September 27, 2021, and closes on September 30, 2021.
| IPO Open Date | Monday, September 27, 2021 |
| IPO Close Date | Thursday, September 30, 2021 |
| Basis of Allotment | Tuesday, October 5, 2021 |
| Initiation of Refunds | Wednesday, October 6, 2021 |
| Credit of Shares to Demat | Thursday, October 7, 2021 |
| Listing Date | Friday, October 8, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2021 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| Lot Size Calculator | |||
Sweety Rahul Jain And Westpac Investments Private Limited are the company promoters.
| Share Holding Pre Issue | 79.60% |
| Share Holding Post Issue | 46.95% |
Getalong Enterprise Ltd. mainly operating in three key segments:
1) Export of Textiles, 2) Trading in Gold Bullion, 3) Sale of Female Care Products
Under the Textiles division, the company exports readymade garments to the African continent and Middle East countries.
Under the Gold Bullion division, the Company purchases old gold / and then refine and convert it into gold bars of various weights and compositions. The gold bullion is then traded in the wholesale market.
Under Female Hygiene Care products, the company purchases Female Care Products like sanitary napkins, panty liners, etc. in wholesale. These products are then repacked, marketed, and branded under the company's brand name and sold in the market on a retail basis.
The Company is also into various types of Management Consultancy and IT support services for various entities.
Competitive Strengths
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-July-21 | 31-Mar-21 | ||||
| Total Assets | 5,863.88 | 5,349.13 | |||
| Total Revenue | 1,706.34 | 6,650.38 | |||
| Profit After Tax | 107.82 | 85.89 | |||
[Dilip Davda] The company operates from rented premises and posed for higher risk of unwarranted situations. Post-IPO, its paid-up equity base indicates longer gestation for migration to the mainboard. Even the issue expenses hint at a fully structured IPO with funding arrangements. Though it appears attractively priced based on super earnings, the sustainability of such earnings in highly competitive fields raises concern. Currently, it has just 9 employees including the management. Considering all these, there is no harm in ignoring this issue. Read detail review...
The Getalong Enterprise Limited IPO is subscribed 2.09 times on September 30, 2021 5:14:00 AM. The public issue subscribed 2.11 times in the retail category, times in the QIB category, and 2.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.07 |
| Retail | 2.11 |
| Total | 2.09 |
| Listing Date | October 8, 2021 |
| BSE Script Code | 543372 |
| NSE Symbol | |
| ISIN | INE0H1201012 |
| Final Issue Price | ₹69 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹69.00 |
| ₹73.05 |
| ₹72.10 |
| ₹76.70 |
| ₹76.70 |
Getalong Enterprise Limited
Office No. 402,
B-Wing, Damji Shamji Corporate Square,
Laxmi Nagar, Ghatkopar (East), Mumbai - 400 075
Phone: +91-85913 43631
Email: info@getalongenterprise.com
Website: https://getalongenterprise.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: getalong.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Getalong Enterprise Limited IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 aggregating up to ₹5.18 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 27, 2021, and closes on September 30, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Getalong Enterprise Limited IPO using UPI as a payment gateway. Zerodha customers can apply in Getalong Enterprise Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Getalong Enterprise Limited IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Getalong Enterprise Limited IPO opens on September 27, 2021 and closes on September 30, 2021.
Getalong Enterprise Limited IPO lot size is 2000 Shares, and the minimum amount required is ₹138,000.
You can apply in Getalong Enterprise Limited 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 Getalong Enterprise Limited IPO will be done on Tuesday, October 5, 2021, and the allotted shares will be credited to your demat account by Thursday, October 7, 2021. Check the Getalong Enterprise Limited IPO allotment status.
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