Gayatri Rubbers and Chemicals IPO will open for subscription from 25 January 2023. the company aims for an issue size of ₹4.58 Cr through this IPO.
About Company
Gayatri Rubbers and Chemicals 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 company’s manufacturing operations from the manufacturing unit located in Ballabhgarh are spread over a total area of 3 floors each having an area of approximately 4500 sq. ft.
Basic details about the company
| Full name | Gayatri Rubbers and Chemicals Limited |
| Sector | Agriculture |
| Industry | Rubber Products |
| Company Website | https://gayatrirubberchemicals.com/ |
The objective of the Issue
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
Major Competitive strengths
- Good management team.
- wide rubber product portfolio.
- good customer base.
IPO Timetable
| IPO Opening date | 25 January 2023 |
| IPO Closing | 30 January 2023 |
| Basis of Allotment | 02 February 2023 |
| Initiation Refund | 03 February 2023 |
| Credit to Demat Account | 06 February 2023 |
| Listing Date | 07 February 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹4.58 Cr – 1,528,000 shares |
| Fresh Issue | ₹4.58 Cr – 1,528,000 shares |
| Offer for sale | NIL |
| Face value | ₹10 per share |
| Offer price | ₹30 per share |
| Lot size | 4000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 656.91 | 1,563.08 | 1,673.73 | 1,664.84 |
| Expenses | 647.90 | 1,544.87 | 1,569.76 | 1,593.53 |
| Net income | 6.76 | 14.53 | 81.01 | 54.81 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 4.30 | 0.97 | 15.58 |
| PE ratio | – | – | 1.93 |
| RONW (%) | 28.66 | 8.47 | 52.13 |
| NAV | 15.02 | 11.50 | 29.88 |
| ROCE (%) | 45.67 | 21.08 | 40.08 |
| EBITDA (%) | – | – | 1.69 |
Company Promoters
- Mr. Shilp Chotai
- Mr. Utsav Chotai
- Mr. Manoj Kumar Aggarwal
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.37% |
Lead Manager(s)
- Khambatta Securities Limited
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Telephone: +91 11 4045 0193/97
Email: compliances@skylinerta.com
Website : www.skylinerta.com
Contact Details
GAYATRI RUBBERS AND CHEMICALS LIMITED
Plot No. 11, Gali No. 3, Opp.
Beri Ka Bagh, Malerna Road
Ballabhgarh, Faridabad –
121004, Haryana, India
Phone: +91 9766935377
E-mail: sales@gayatrirubberchemicals.com
Website: www.gayatrirubberchemicals.com
Allotment Status
Gayatri Rubbers IPO allotment status will be available on Skyline Financial Services’ website. Click on Skyline IPO weblink to get allotment status.
Final thoughts
Gayatri Rubbers and Chemicals IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
