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GKP Printing & Packaging IPO – Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the GKP Printing & Packaging IPO release date, GKP IPO offer price, subscription, GKP Printing & Packaging IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

G. K. P. Printing & Packaging engaged in the manufacturing of corrugated boxes. This company deals in various types of corrugated boxes such as master cartons, mono cartons, Honey comb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes and unit cartons. 


GKP Printing & Packaging IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge6.7/10
Financial Statements6.8/10
Popularity Index6.4/10
Promoters Reputation7.7/10
Retail Appetite6.9/10
Top Brokers Review7.9/10
Overall Ratings7.1/10
Star Ratings★★★★☆

Summary of GKP Printing & Packaging IPO

GKP Printing & Packaging IPOG. K. P. Printing & Packaging engaged in the manufacturing of corrugated boxes. This company deals in various types of corrugated boxes such as master cartons, mono cartons, Honey comb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes and unit cartons.

It is also engaged in the trading of Kraft paper, Duplex paper and Low – Density Plastic Rolls (LD Rolls). Initial public offering of up to 20,56,000 Equity Shares of face value of Rs.10/- each fully paid up of the Company for cash at price of Rs. 32/- per Equity Share aggregating Rs. 657.92 lakhs. The Issue and the Net Issue will constitute 28.04% and 26.62% respectively of the Post Issue Paid up Equity Share Capital of the company.

For 30th Sept 2018, as per the Restated Financial Statements,

  • The revenue from operations in Fiscal 2018 as on Sept 30, 2018 is Rs. 1327.57 lakhs.
  • The Net worth as restated  is Rs 571.30 lakhs, as per the Restated Standalone Financial Statements.
  • The net asset value per Equity Share was Rs. 15.38 and Rs. 22.62 as of Sept 30, 2018 and March 31, 2018, respectively, as per the Restated Standalone Financial Statements.
  • Profit after Tax for FY 2017-18 Sept 30, is Rs. 199.81 lakhs.

The Promoters of this company are Mr. Keval Harshad Goradia and Mrs. Payal Keval GoradiaThe lead manager to the issue is  Holani Consultants Private Limited and the Registrar to this issue is Link Intime India
Private Limited.



GKP Printing & Packaging IPO Dates

The opening and the closing date of GKP Printing & Packaging IPO is Apr 23, 2019 – Apr 26, 2019.


GKP Printing & Packaging IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – Apr 230.11x0.05x0.08x
2nd Day – Apr 240.11x0.18x0.15x
3rd Day – Apr 251.51x0.61x1.06x
4th Day – Apr 261.54x1.56x1.56x
Shares Offered or Net Issue976,000976,0001,952,000

The shares subscribed by the public will be updated here.


GKP Printing & Packaging IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization3-May-19
Refunds Initiation6-May-19
Credit of Shares to Demat Account7-May-19
Share Listing Date8-May-19

GKP Printing & Packaging IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


GKP Printing & Packaging IPO Equity Share Offering

Initial public offering of upto 20,56,000 Equity Shares of face value of Rs.10/- each fully paid up of the Company for cash at price of Rs. 32/- per Equity Share aggregating Rs. 657.92 lakhs.


G. K. P. Printing & Packaging Limited – Company Overview

G. K. P. Printing & Packaging Limited was originally incorporated on April 3rd, 2018 as a Public Limited Company under the name and style of “G. K. P. Printing & Packaging Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra.

G. K. P. Printing & Packaging engaged in the manufacturing of corrugated boxes. This company deals in various types of corrugated boxes such as master cartons, mono cartons, Honey comb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes and unit cartons.

It is also engaged in the trading of Kraft paper, Duplex paper and Low – Density Plastic Rolls (LD Rolls). Kraft paper and Duplex papers are the primary raw material in corrugated boxes manufacturing and their trading provides the benefits of backward integration to the company by enabling them to procure raw material at very competitive prices as compared to other manufacturers of the corrugated boxes. The company is registered with the Ministry of MSME as a manufacturer of corrugated paper containers.

This company is also well equipped with in house testing equipment’s for the testing of raw material and finished products which enable their company to deliver quality products as per the specification of the clients.

Competitive Strengths of G. K. P. Printing & Packaging Limited:

  • Well established manufacturing facilities
  • Experienced Management and Operational Team
  • Existing relationship with the clients
  • Wide array of Quality Products and Services
  • Focus on quality

Business strategies of G. K. P. Printing & Packaging Limited:

  • Invest in infrastructure and technology
  • Expanding their customer base
  • Improving functional efficiency
  • Enhancing existing products base and product quality

G. K. P. Printing & Packaging Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

On the basis of Standalone statement:-

Amount (in INR & Lakhs)
31-April-1831-Mar-1831-Mar-1731-Mar-16
Total Assets1,021.691,021.69635.22346.13
Total Revenue1,407.70569.02511.51
Profit After Tax54.7124.9525.12

OTHER FINANCIAL INFORMATION AS RESTATED – (in lakhs)

GKP IPO financial statement

From the above statements, one could find that the G. K. P. Printing & Packaging Limited may perform well.


GKP Printing & Packaging IPO – Promoters

The Promoters of this company are:

  • Mr. Keval Harshad Goradia
  • Mrs. Payal Keval Goradia

Promoter Holdings:

  • Pre Issue Share Holding is around 73.57%
  • Post Issue Share Holding is around 53.50%

List of Related Parties (Key Managerial Personnel)

  • Keval Harshad Goradia-  Promoter and Managing Director
  • Pooja Harshad Goradia-Whole-Time Director and Chief Financial Officer 
  • Manoj Valjibhai Ayadi-  company Secretary and compliance officer

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


GKP Printing & Packaging IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 20,56,000 Equity Shares of face value of Rs.10/- each fully
paid up of the Company for cash at price of Rs. 32/- per
Equity Share aggregating Rs. 657.92 lakhs
 Of which:
 Reserved for Market Makers 1,04,000 Equity Shares of face value of Rs. 10/- each fully
paid up of the Company for cash at price of Rs. 32 /- per
Equity Share aggregating Rs. 33.28 lakhs
 Net Issue to the Public 19,52,000 Equity Shares of face value of Rs.10/- each fully
paid up of the Company for cash at price of Rs. 32/- per
Equity Share aggregating Rs. 624.64 lakhs
 Of which:
 Retail Investors Portion 9,76,000 Equity Shares of face value of Rs. 10/- each fully
paid up of the Company for cash at price of Rs. 32/- per
Equity Share aggregating Rs. 312.32 lakhs will be available
for allocation for allotment to Investors of up to Rs. 2 lakhs
 Non-Retail Investors Portion9,76,000 Equity Shares of face value of Rs. 10/- each fully
paid up of the Company for cash at price of Rs. 32/- per
Equity Share aggregating Rs. 312.32 lakhs will be available
for allocation to investors above Rs. 2 lakhs
 Equity Shares outstanding prior to the Issue52,76,944 Equity Shares
 Equity Shares outstanding after the IssueUpto 73,32,944 Equity Shares of face value of Rs. 10 each

GKP Printing & Packaging IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company

GKP Printing & Packaging IPO – Basis of the 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:

  • Well established manufacturing facilities
  • Experienced Management and Operational Team
  • Existing relationship with the clients
  • Wide array of Quality Products and Services
  • Focus on quality

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-17
31-Mar-1822.62
31-Sept-186.2934.97
15.38
  • Pre-Issue Price to Earnings (P/E) ratio in relation to Issue price of Rs. 32/- per Equity Share of Rs. 10/- each fully paid up:
ParticularsP/E ratio
Highest19.81
Average15.92
Lowest12.04
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1G. K. P.Printing & Packaging Limited106.295.0934.9715.38
2Worth Peripherals
Limited
105.4013.3311.2341.82

GKP Printing & Packaging IPO Lead Managers

Lead Managers
HOLANI CONSULTANTS PRIVATE LIMITED
401-405 & 416-418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur 302016
Tel.: +91 0141-2203996, Fax: +91 0141-2201259
Website: www.holaniconsultants.co.in
Email:
Investor Grievance Id:

Contact Person: Mr. Gaurav Kumar
SEBI Registration No.: INM000012467

GKP Printing & Packaging IPO Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, Lal Bahadur
Shastri Marg, Vikhroli (West), Mumbai
400083 Maharashtra, India
Tel: +91 022-49186200
Fax: +91 022-49186195
Website: www.linkintime.co.in
Email:
Investor Grievance
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor – M/s. DV Barfiwala & Co., Chartered Accountants.
  • Peer Review Auditor – M/s. DV Barfiwala & Co., Chartered Accountants.
  • Bankers to the Company – Bharat Co-op Bank (Mumbai) Ltd, Oriental Bank of Commerce

GKP Printing & Packaging IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

GKP Printing & Packaging IPO Grey Market Premium

The GKP Printing & Packaging IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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GKP Printing & Packaging IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]

News 2 – Download RHP


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