Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Jan 25, 2023 - Mon, Jan 30, 2023
Gayatri Rubbers IPO is a fixed price issue of ₹4.58 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹4.58 crore.
Gayatri Rubbers IPO bidding started from Jan 25, 2023 and ended on Jan 30, 2023. The allotment for Gayatri Rubbers IPO was finalized on Feb 2, 2023. The shares got listed on NSE SME on Feb 7, 2023.
Gayatri Rubbers IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Khambatta Securities Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Khambatta Securities Ltd..
Refer to Gayatri Rubbers IPO RHP for detailed Information.
IPO Open
Wed, Jan 25, 2023
IPO Close
Mon, Jan 30, 2023
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹17.21 Cr
| IPO Date | 25 to 30 Jan, 2023 |
| Listed on | Tue, Feb 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 15,28,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 80,000 shares Khambatta Securities Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 14,48,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 14,48,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 42,10,000 shares |
| Share Holding Post Issue | 57,38,000 shares |
| NSE Symbol | GRCL |
| ISIN | INE0LVM01018 |
Gayatri Rubbers IPO comprises a total issue size of 15,28,000 shares. The net offer to the public is 14,48,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,24,000 (50.00%) allocated to NII 7,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,24,000 | 50.00% | 47.38% |
| Retail Shares Offered | 7,24,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.24% | |
| Total Shares Offered | 15,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
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 | 31 Dec 2022 | 14 Apr 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 8.98 | 5.73 | 4.98 | 5.57 | 5.98 |
| Total Income | 16.65 | 1.21 | 16.74 | 15.63 | 6.57 |
| Profit After Tax | 0.55 | 0.31 | 0.81 | 0.15 | 0.07 |
| NET Worth | 4.62 | 1.85 | 1.55 | 1.72 | 0.24 |
| Reserves and Surplus | 0.41 | 1.34 | 1.03 | 0.22 | 0.08 |
| Total Borrowing | 0.79 | 2.63 | 2.63 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement including margin money | 3.50 |
| 2 | General Corporate Purpose | 0.68 |
| 3 | Issue Expenses | 0.40 |
| KPI | |
|---|---|
| ROE | 49.56 |
| ROCE | 40.08 |
| Debt/Equity | 1.69 |
| RoNW | 52.13 |
| PAT Margin | 4.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.58 | |
| P/E (x) | 23.62 | |
| Promoter Holding | 100.00% | 73.37% |
| Market Cap | ₹17.21 Cr. |
The Gayatri Rubbers and Chemicals IPO is subscribed 37.94 times on January 30, 2023 7:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 33.65 | 7,24,000 | 2,43,64,000 |
| Retail | 42.23 | 7,24,000 | 3,05,76,000 |
| Total | 37.94 | 14,48,000 | 5,49,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing and payment to other intermediaries such as Registrar, Market Maker, etc. | 0.31 |
| 2 | Statutory Expenses | 0.05 |
| 3 | Marketing Expenses, Underwriting Commission and Other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.75 |
| Last Trade | ₹36.75 |
Lead Manager Reports
Gayatri Rubbers IPO is a SME IPO of 15,28,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jan 25, 2023, and closes on Mon, Jan 30, 2023.
Skyline Financial Services Pvt.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 IPO using UPI as a payment gateway. Zerodha customers can apply in Gayatri Rubbers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gayatri Rubbers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gayatri Rubbers IPO opens on Wed, Jan 25, 2023 and closes on Mon, Jan 30, 2023.
Gayatri Rubbers IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Gayatri Rubbers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gayatri Rubbers IPO will be done on Thursday, February 2, 2023, and the allotted shares will be credited to your demat account by Mon, Feb 6, 2023. Check the Gayatri Rubbers IPO allotment status.
The Gayatri Rubbers IPO listing date is on Tue, Feb 7, 2023.
