Gayatri Rubbers and Chemicals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 23, 2023Let’s have a detailed review of the company and analytics of the Gayatri Rubbers and Chemicals IPO release date, IPO offer price, subscription, Gayatri Rubbers and Chemicals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 30 |
| Listing At | NSE, SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Feb 7, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 458 Lakh |
| IPO Size | Rs 458 Lakh |
| Tick Size | 1 |
Gayatri Rubbers and Chemicals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Gayatri Rubbers and Chemicals IPO – Summary
The business of their company originally belonged to a proprietorship firm under the name and style of M/s Goyal Rubbers owned by their Promoter Mr Manoj Kumar Aggarwal.
The proprietorship started its operation in April 2009. Later in the year 2011, their promoters Mr Utsav Chotai and Mr Shilp Chotai decided to associate themselves with Mr Manoj Aggarwal for rubber-related business. Since the beginning, the proprietorship is involved in rubber products.
The Promoter of this company is Mr Shilp Chotai, Mr Utsav Chotai and Mr Manoj Kumar Aggarwal. The lead manager to the issue is Khambatta Securities Limited, and the Registrar to this issue is Skyline Financial Services Private Limited.
Gayatri Rubbers and Chemicals IPO Date
The opening and closing dates of Gayatri Rubbers and Chemicals IPO are Jan 25, 2023, and Jan 30, 2023, respectively.
Gayatri Rubbers and Chemicals IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 25th Jan | 0.38x | 1.42x | 0.90x |
| 2nd Day – 27th Jan | 2.73x | 8.55x | 5.64x |
| 3rd Day – 30th Jan | 33.65x | 42.23x | 37.94x |
| Shares Offered or Net Issue | 724,000 | 724,000 | 1,448,000 |
The shares subscribed by the public will be updated here.
Gayatri Rubbers and Chemicals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Gayatri Rubbers and Chemicals Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 2, 2023 |
| Refunds Initiation | Feb 3, 2023 |
| Credit of Shares to Demat Account | Feb 6, 2023 |
| Share Listing Date | Feb 7, 2023 |
Gayatri Rubbers and Chemicals IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.30
Gayatri Rubbers and Chemicals IPO Equity Size
This Initial Public Issue of 1,528,000 Equity Shares of Rs.10 each for cash at a price of Rs.30 per equity share aggregating to Rs.458 Lakh.
Gayatri Rubbers and Chemicals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,528,000 Equity Shares of Rs.10/ each.
Issue Size: 1,528,000 Equity Shares of Rs.10 each, aggregating to Rs.458 Lakh
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Gayatri Rubbers and Chemicals IPO – Live Performance
The listing date of this IPO is Feb 7, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Gayatri Rubbers and Chemicals Share Price |
Gayatri Rubbers and Chemicals IPO Grey Market Premium
The Gayatri Rubbers and Chemicals Limited IPO Grey Market Premium price is Rs 4, the Kostak rate is Rs NA and the Subject to Sauda is NA.
Gayatri Rubbers and Chemicals IPO – Company Overview
On March 31, 2022, their promoters incorporated their company, Gayatri Rubbers and Chemicals Limited, under a Certificate of Incorporation issued by the Register of Companies, with one of the objects to take over the complete assets and liabilities of M/s Goyal Rubbers going concern basis.
On 28th April 2022, their company passed a board resolution for the takeover in exchange for shares of their company. The effective date of the Takeover was assumed to be 15th April 2022.
Their company is in the manufacturing and trading of rubber profiles, aluminium rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components and clear PVC profiles.
They supply these rubber products across India to the dealers of Nalco, Banco, and Jindal in the aluminium sector and the agents of Motherson Sumi and a few other states transport in the automobile sector. They supply rubber compounds to other rubber product manufacturers and OEMs.
Gayatri Rubbers and Chemicals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 898.47 | 497.77 | 556.56 | 597.65 |
| *Total Revenue | 1,664.84 | 1,673.73 | 1,563.08 | 656.91 |
| Total Expense | 1,593.53 | 1,569.76 | 1,544.87 | 647.90 |
| Profit After Tax | 54.81 | 81.01 | 14.53 | 6.76 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.59 | 15.58 | 0.97 | 4.30 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 54.81 Lakh, Rs. 81.01 Lakh, Rs. 14.53 Lakh and Rs. 6.76 Lakh respectively.
Gayatri Rubbers and Chemicals IPO – Promoters
The Promoter of this company is:
- Mr. Shilp Chotai,
- Mr. Utsav Chotai
- Mr. Manoj Kumar Aggarwal
List of Related Parties (Key Managerial Personnel)
- Shilp Chotai, Managing Director
- Utsav Chotai, Whole Time Director and Chief Financial Officer
- Manoj Kumar Aggarwal, Whole Time Director
- Fahad Patel, Independent Director
- Jaspreet Kaur, Independent Director
- Sameer Pravinbhai Raninga, Non-Executive and Independent Director
Gayatri Rubbers and Chemicals IPO – Promoters Holding
- Pre-Issue Share Holding -100.00%
- Post Issue Share Holding – 73.37%
Gayatri Rubbers and Chemicals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 15,28,000 Equity Shares aggregating up to Rs.458.40 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 80,000 Equity Shares aggregating up to Rs.24.00 Lakh |
| Net Issue to the Public | Up to 7,24,000 Equity Shares aggregating up to Rs.2.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 42,10,000 Equity Shares |
| Equity Shares outstanding after the Issue | 57,38,000 Equity Shares |
Gayatri Rubbers and Chemicals IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements of the Company;
2. General Corporate Purpose; and
3. To meet the Issue of Expenses
Gayatri Rubbers and Chemicals IPO – Business Strategy
- To enhance market share by expanding their business with more OEMs and expanding their export business
- Expansion of their operations at their manufacturing unit.
- Continue to improve operating efficiencies through technology enhancements
- To continue expanding their business by including new customized products and services
- Optimal Utilization of Resources
Gayatri Rubbers and Chemicals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management and efficient workforce.
- Scalable business.
- Optimum quality of products.
- Focus on quality and gaining customer satisfaction.
- Strong marketing.
- Evolving with technological changes.
- Networking strength.
- Well-established relationships with Banks and Financial Institutions.
The relevant quantitative factors are:
| Basic & Diluted EPS (Rs.) | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 15.58 | 52.13 | 29.88 |
| 31-Mar-21 | 0.97 | 8.47 | 11.50 |
| Mar-20 | 4.30 | 28.66 | 15.02 |
Gayatri Rubbers and Chemicals IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Gayatri Rubbers and Chemicals Limited | 10 | [●] | 15.58 | 52.13 | 1,673.73 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Gayatri Rubbers and Chemicals IPO Lead Managers
| Lead Managers |
| KHAMBATTA SECURITIES LIMITED 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street, Horniman Circle, Fort, Mumbai, Maharashtra – 400 001, India Tel: 011-41645051, 022-66413315 Email: ipo@khambattasecurities.com Investor Grievance Email: mbcomplaints@khambattasecurities.com Website: www.khambattasecurities.com Contact Person: Mr. Vipin Aggarwal; Mr. Vinay Pareek SEBI Registration No.: INM000011914 |
Gayatri Rubbers and Chemicals IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020, India. Tel: +91- 11-40450193-97 Email: ipo@skylinerta.com Website: www.skylinerta.com Contact Person: Ms. Rati SEBI Registration No: INR000003241 |
Gayatri Rubbers and Chemicals IPO – Other Details
- Statutory Auditor – M/s VAPS & Co., Chartered Accountants
- Legal Counsel to the Company – Mr. Parvindra Nautiyal
- Bankers to the Company – HDFC Bank Limited
Gayatri Rubbers and Chemicals IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Gayatri Rubbers and Chemicals Limited IPO News
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Gayatri Rubbers and Chemicals IPO Review FAQs
Check out various FAQs related to Gayatri Rubbers and Chemicals IPO:
What is the Issue Size of Gayatri Rubbers IPO?
The Company is making an initial public offer of 1,528,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Gayatri Rubbers IPO?
The price band for this particular IPO ranges between Rs 30. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Gayatri Rubbers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 25, 2023, while the closing date is set for Jan 30, 2023.
What is the Gayatri Rubbers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 2, 2023, refund initiation is on Feb 3, 2023, credit of shares is on Feb 6, 2023, and share listing date is on Feb 7, 2023.
What is the Gayatri Rubbers IPO Listing Date?
Shares of this company shall be listed in the exchanges on Feb 7, 2023. The date, when the listing would be done, is stagnant on Feb 7, 2023.
Who is the Registrar of Gayatri Rubbers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Gayatri Rubbers IPO?
Here are the promoters of this IPO – Mr Shilp Chotai, Mr Utsav Chotai and Mr Manoj Kumar Aggarwal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Gayatri Rubbers IPO?
They have obtained the GMP of this IPO and it is Rs 4. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Gayatri Rubbers and Chemicals IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Gayatri Rubbers and Chemicals Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 81.01, 2021 is 14.53, and 2020 is 6.76. PAT from Dec 2022 is 54.81.
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