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Getalong Enterprise IPO is a fixed price issue of ₹5.18 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹5.18 crore.
Getalong Enterprise IPO bidding started from Sep 27, 2021 and ended on Sep 30, 2021. The allotment for Getalong Enterprise IPO was finalized on Oct 5, 2021. The shares got listed on BSE SME on Oct 8, 2021.
Getalong Enterprise IPO price is ₹69.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,76,000.
Shreni Shares Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Getalong Enterprise IPO RHP for detailed Information.
| IPO Date | September 27, 2021 to September 30, 2021 |
| Listing Date | October 8, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,50,000 shares (aggregating up to ₹5.18 Cr) |
| Reserved for Market Maker | 38,000 shares Shreni Shares Ltd. (aggregating up to ₹0.2622 Cr) |
| Net Offered to Public | 7,12,000 shares (aggregating up to ₹4.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,78,400 shares |
| Share Holding Post Issue | 18,28,400 shares |
Getalong Enterprise Limited IPO offers total 7,50,000 shares. Out of which 3,56,000 (47.47%) allocated to NII, 3,56,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 38,000 (5.07%) |
| NII (HNI) Shares Offered | 3,56,000 (47.47%) |
| Retail Shares Offered | 3,56,000 (47.47%) |
| Total Shares Offered | 7,50,000 (100.00%) |
Getalong Enterprise IPO opens on September 27, 2021, and closes on September 30, 2021.
| IPO Open Date | Mon, Sep 27, 2021 |
| IPO Close Date | Thu, Sep 30, 2021 |
| Tentative Allotment | Tue, Oct 5, 2021 |
| Initiation of Refunds | Wed, Oct 6, 2021 |
| Credit of Shares to Demat | Thu, Oct 7, 2021 |
| Tentative Listing Date | Fri, Oct 8, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 30, 2021 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,38,000 |
| Retail (Max) | 1 | 2,000 | ₹1,38,000 |
| HNI (Min) | 2 | 4,000 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | |||
The Company Getalong Enterprise IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements | 3.90 |
| 2 | General corporate purposes | 0.75 |
[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...
| Listing Date | October 8, 2021 |
| BSE Script Code | 543372 |
| NSE Symbol | |
| ISIN | INE0H1201012 |
| Final Issue Price | ₹69 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹73.05 |
| Low | ₹72.10 |
| High | ₹76.70 |
| Last Trade | ₹76.70 |
Getalong Enterprise Ltd.
Office No. 402,
B-Wing, Damji Shamji Corporate Square,
Laxmi Nagar, Ghatkopar (East)
Mumbai, Maharashtra, 400075
Phone: +91-85913 43631
Email: info@getalongenterprise.com
Website: https://getalongenterprise.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: getalong.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Getalong Enterprise IPO is a SME IPO of 7,50,000 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.
The IPO opens on September 27, 2021, and closes on September 30, 2021.
MUFG Intime India Pvt.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 IPO using UPI as a payment gateway. Zerodha customers can apply in Getalong Enterprise IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Getalong Enterprise IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Getalong Enterprise IPO opens on September 27, 2021 and closes on September 30, 2021.
Getalong Enterprise IPO lot size is 2000, and the minimum amount required for application is ₹1,38,000.
You can apply in Getalong Enterprise 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 Getalong Enterprise 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 IPO allotment status.
The Getalong Enterprise IPO listing date is on Friday, October 8, 2021.
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