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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 ₹30.00 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). The minimum lot size investment for 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 Date | January 25, 2023 to January 30, 2023 |
| Listing Date | February 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,28,000 shares (aggregating up to ₹4.58 Cr) |
| Reserved for Market Maker | 80,000 shares Khambatta Securities Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 14,48,000 shares (aggregating up to ₹4.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 42,10,000 shares |
| Share Holding Post Issue | 57,38,000 shares |
Gayatri Rubbers and Chemicals IPO offers total 15,28,000 shares. Out of which 7,24,000 (47.38%) allocated to NII, 7,24,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.24%) |
| NII (HNI) Shares Offered | 7,24,000 (47.38%) |
| Retail Shares Offered | 7,24,000 (47.38%) |
| Total Shares Offered | 15,28,000 (100.00%) |
Gayatri Rubbers IPO opens on January 25, 2023, and closes on January 30, 2023.
| IPO Open Date | Wed, Jan 25, 2023 |
| IPO Close Date | Mon, Jan 30, 2023 |
| Tentative Allotment | Thu, Feb 2, 2023 |
| Initiation of Refunds | Fri, Feb 3, 2023 |
| Credit of Shares to Demat | Mon, Feb 6, 2023 |
| Tentative Listing Date | Tue, Feb 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 30, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 IPO is ₹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...
| Listing Date | February 7, 2023 |
| BSE Script Code | |
| NSE Symbol | GRCL |
| ISIN | INE0LVM01018 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.75 |
| Last Trade | ₹36.75 |
Gayatri Rubbers & Chemicals Ltd.
Plot No. 11, Gali No. 3,
Opp. Beri Ka Bagh,
Malerna Road Ballabhgarh,
Faridabad, Haryana, 121004
Phone: +91 9766935377
Email: sales@gayatrirubberchemicals.com
Website: https://gayatrirubberchemicals.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Gayatri Rubbers IPO is a SME IPO of 15,28,000 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.
The IPO opens on January 25, 2023, and closes on January 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 January 25, 2023 and closes on January 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 Monday, February 6, 2023. Check the Gayatri Rubbers IPO allotment status.
The Gayatri Rubbers IPO listing date is on Tuesday, February 7, 2023.
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