Global Pet Industries IPO will open for subscription from 28 June 2023. the company aims for an issue size of ₹13.23 Cr through this IPO.
Company Overview
| Full name | Global Pet Industries Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipment |
| Company Website | https://globalpetind.com/ |
About Company
Incorporated in 2013, Global Pet Industries is engaged in the business of manufacturing automatic and semi-automatic pet machines and spare components and accessories of such machines. The company has two manufacturing facilities in Palghar, Maharashtra. Global Pet Industries has two business divisions (i) domestic sales; and (ii) exports. It has a presence in 19 states for its domestic market based on sales made for the period ended 31 December 2022.
Internationally, it supplies products in 19 countries including Cameroon, the Central African Republic, Ghana, Haiti, Kenya, Mozambique, Nigeria, Nepal, Qatar, South Africa, Tanzania, Tunisia, UAE, Uganda, Liberia, the United States of America, Bhutan, Zambia, and Zimbabwe. For the period ended 31 December 2022 and for the FY 2022, 2021, and 2020 its revenue from exports was INR 5.57 crore, INR 10.01 crore, INR 4.62 crore, and INR 5.23 crore, respectively which contributed 24.75%, 36.23%, 20.50% and 26.52% respectively of its revenue from operations.
The Objective of the Issue
- Funding Capital Expenditure towards the construction of the factory building,
- General Corporate Purposes.
IPO Timetable
| IPO Opening date | 28 June 2023 |
| IPO Closing | 03 July 2023 |
| Basis of Allotment | 06 July 2023 |
| Initiation Refund | 07 July 2023 |
| Credit to Demat Account | 10 July 2023 |
| Listing Date | 11 July 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.23 Cr – 2,700,000 shares |
| Fresh Issue | ₹13.23 Cr – 2,700,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹49 per share |
| Lot size | 3000 Shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹147,000 |
| Retail (Max) | 1 | 3000 | ₹147,000 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
Reservation Details
| Market makers Shares Offered | 138,000 (5.11%) |
| Others Shares Offered | 1,281,000 (47.44%) |
| Retail Shares Offered | 1,281,000 (47.44%) |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 19.74 | 22.52 | 27.61 | 22.52 |
| Expenses | 18.80 | 20.87 | 26.46 | 21.46 |
| Net income | 0.95 | 1.43 | 1.16 | 2.06 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.34 | 2.01 | 1.64 |
| PE ratio | – | – | 29.88 |
| RONW (%) | 21.22 | 24.21 | 16.46 |
| NAV | 6.29 | 8.30 | 9.94 |
| ROCE (%) | 28.72 | 32.97 | 19.67 |
| EBITDA (%) | 7.93 | 10.13 | 6.46 |
| Debt/Equity | 0.05 | 0.00 | 0.00 |
Company Promoters
- Mr. Bipin Nanubhai Pancha.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.41% |
Lead Manager(s)
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 8456
Email: shrenishares@gmail.com
Website: www.shreni.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
GLOBAL PET INDUSTRIES LIMITED
Unit No. 108 & 109, Karishma Industrial Estate,
Hissa No. 5, Survey No. 36, Village Waliv,
Dhumal Nagar, Vasai (East), Palghar – 401208, Maharashtra
Phone: +91 8669621562
E-mail: investor@globalpetind.com
Website: www.globalpetind.com
Allotment Status
Global Pet IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Global Pet Industries IPO is going to hit Dalal Street soon. applying for an 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
