Gayatri Rubbers and Chemicals Limited IPO Detail
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:
- Rubber profiles
- Rubber compounds
- Auto glass rubber
- Sponge rubber for heavy industries
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.
Company Promoters
Mr. Shilp Chotai, Mr. Utsav Chotai and Mr. Manoj Kumar Aggarwal are the promoters of the company.IPO Details
| IPO Opening Date | Jan 25, 2023 |
| IPO Closing Date | Jan 30, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.58 Cr |
| Fresh Issue | 1,528,000 shares of ₹10 (aggregating up to ₹4.58 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.37x | 1.16x | 0.77x | |
| Day 2 | - | - | 2.73x | 8.55x | 5.64x | |
| Day 3 | - | - | 33.65x | 42.23x | 37.94x |
IPO Tentative Timetable
The Gayatri Rubbers and Chemicals Limited IPO open date is Jan 25, 2023, and the close date is Jan 30, 2023. The issue may list on Feb 07, 2023.
| IPO Open Date | Jan 25, 2023 |
| IPO Close Date | Jan 30, 2023 |
| Basis of Allotment Date | Feb 02, 2023 |
| Initiation of Refunds | Feb 03, 2023 |
| Credit of Shares to Demat Account | Feb 06, 2023 |
| IPO Listing Date | Feb 07, 2023 |
IPO Lot Size
The Gayatri Rubbers and Chemicals Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹90000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹90000 |
| Maximum | 1 | 3000 | ₹90000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.37% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 556.56 | 1563.08 | 14.53 |
| 31-Mar-22 | 497.77 | 1673.73 | 81.01 |
| 31-Dec-22 | 898.47 | 1664.84 | 54.81 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects: -
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
Gayatri Rubbers and Chemicals Limited IPO Registrar:
Skyline Financial Services Private Ltd
Gayatri Rubbers and Chemicals Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
Gayatri Rubbers and Chemicals Limited
Plot No. 11, Gali No. 3, Opp. Beri Ka Bagh, Malerna Road Ballabhgarh
Faridabad
Haryana
