Gujarat Polysol IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Gujarat Polysol Chemicals Limited is one of the leaders in the chemical manufacturing for the Infra-tech (Construction), agro, dyes, and leather industries in India.
The company is also a prime supplier of powder surfactants in India.
Gujarat Polysol Chemicals Limited is now gearing up to mop funds from the general public through a public offering. The Gujarat Polysol IPO will be composed of a Fresh Issue and an Offer for Sale.
Gujarat Polysol IPO Review will assist you in understanding the particulars and characteristics of the IPO. By the end of this article, you will be able to decide on the company’s investment easily.
| Face Value | Rs 10 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs.327 Crore |
| Fresh Issue | Rs.87 Crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Gujarat Polysol IPO Overview
Gujarat Polysol IPO is the first public offer of the company.
The company has filed the Draft Red Herring Prospectus with the capital market regulator, Securities, and Exchange Board of India (SEBI), to float the IPO in the market.
The IPO comprises Fresh Issue and Offer for Sale by the promoter and promoter group of the company.
Gujarat Polysol IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
The company has not revealed Gujarat Polysol IPO Dates. The company filed the preliminary papers with SEBI on March 24, 2022.
Gujarat Polysol is waiting for approval to initiate the further procedure to launch the IPO and garner funds from the public. The details regarding the IPO date will be available in the RHP.
Gujarat Polysol IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Not Disclosed |
| Offer for Sale | Rs.327 Crore |
| Fresh Issue | Rs.87 Crore |
| IPO Size | Not Disclosed |
Gujarat Polysol IPO size comprises fresh issues of equity shares aggregating up to Rs. 87 crore and offer for sale of equity shares aggregating up to Rs. 327 crore. There will be no pre-IPO placement in the IPO.
The company and selling shareholders will determine the Gujarat Polysol IPO Price through the Book Building Process. Lead Managers of the issue will monitor and assist the company in the IPO.
Gujarat Polysol IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Grey Market is an unofficial and unregulated market that operates outside the stock market. However, it is an unofficial trading point but weighs strong credibility in determining IPO price. The IPO shares are traded here before their listing on the stock exchange.
There is no update about Gujarat Polysol IPO GMP presently. As soon as the IPO opening date is declared, activities in the GMP will take a steady pace.
Gujarat Polysol IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
IPO Subscription is when the investors send their applications, expressing their willingness to hold shares of the issuer company.
As the investors are unaware of the exact price, they bid according to the floor price and price band stated in the Red Herring Prospectus (RHP). The company receives all the applications and arrives at the price of the shares after that.
Gujarat Polysol IPO Subscription is open right now. The company is hoping to receive the approval of SEBI so that it can open IPO for a subscription.
Gujarat Polysol IPO Allotment Status
Gujarat Polysol IPO Allotment will be made after the company receives all the bids from the investors and IPO is closed for the subscription.
In the allotment process, the shares will be transferred to the bidders in their Demat account. The shares will be allotted in the dematerialized form only.
Gujarat Polysol IPO Live Performance
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Gujarat Polysol – Company Review
Gujarat Polysol was set up in 1989 as a private limited company. In September 2021, the company converted itself to a public limited company, and subsequently, its name was changed to Gujarat Polysol Chemicals Limited.
Gujarat Polysol Chemicals Limited (GPCL) is a manufacturer of chemicals utilized in the Infra-tech (Construction), agro, textile, dyes, and leather industries in India.
The company is the main manufacturer of polycarboxylate ethers (PCE) liquid and powder in India.
Products or Services
Gujarat Polysol Chemicals Limited is a top manufacturer of chemicals used in industries like leather, textile, dye, and others.
Its product portfolio includes Intra-tech (Construction) chemicals, Agrochemicals (Pesticide formulation), Dye, Pigmentation & Textiles, and Leather chemicals.
The company’s products cater to a diversified customer base and include some prominent entities.
Promoters and Holding
The promoters of Gujarat Polysol Chemicals Limited are:
- Shailesh Kumar Balvantrai Desai
- Umang Shailesh Desai
The management of the company consists of:
- Shailesh Kumar Balvantrai Desai in the position of Chairman and Managing Director
- Umang Shailesh Desai in the position of Whole-Time Director
- Bhavisha Shaileshbhai Desai in the position of Whole-Time Director
- Jagdish Lalbhai Shah, in the position of Independent Director
- Sandhya Mahesh Borase in the position of Independent Director
- Vijay Gopi Kishan Agarwal in the position of Independent Director
- Rajesh Shyambadan Singh, in the position of Chief Executive Officer
- Khushru Dali Petigara in the position of Chief Operating Officer
- Dipak Kumar Mohanlal Sanghani in the position of e Chief Financial Officer and Company Secretary
Is Gujarat Polysol good for Investment?
Gujarat Polysol Chemicals Limited has over three decades of experience in its business and the industry. The company has successfully attained a dominant position in the market and is among the leaders.
The company has three manufacturing facilities in Sarigram and Vapi, in Gujarat, and a unit located in the Union Territory of Dadra & Nagar Haveli and Daman and Diu.
The manufacturing facilities give it the extensive capacity to manufacture 130,400 MT every year.
Gujarat Polysol maintains high quality and standard in its manufacturing processes, and its quality is stated by the various certification and accreditations the company possesses.
Gujarat Polysol Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 3,145.65 | 3,144.79 | 2,664.86 | 2,735.35 |
| Revenue | 1,832.17 | 3,804.32 | 4,409.38 | 4,397.98 |
| Expense | 1,614.17 | 3,261.32 | 4,148.55 | 4,207.01 |
| Profit After Tax | 155.20 | 398.39 | 201.85 | 128.00 |
The financial statements of Gujarat Polysol Chemicals Limited express a positive outlook of the company.
The company’s total income shows a downside slop through the company’s profits are expanding every year.
The total income of the company in 2019, 2020, and 2021 were 4,397.98 million, 4,409.38 million, and 3,804.32 million, respectively.
The profit for 2019, 2020, and 2021 was – 190.97 million, 260.84 million, and 543.00 million.
In the six months of the financial year 2021-22, the company clocked an impressive revenue of 1,832.17 million and delivered profits of 150.81 million.
The EPS of Gujarat Polysol in 2021 was Rs. 20.98. And earlier that, in 2020, it was Rs. 15.30. After that, EPS for the half-year of FY 2021-22 was Rs. 7.70.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 7.70 | 20.98 | 15.30 | 9.77 |
| Diluted | 7.70 | 19.77 | 10.02 | 6.38 |
Gujarat Polysol IPO Review
The objective of Gujarat Polysol IPO is to repay its outstanding debts. The company’s promoters will be participating in the IPO by way of offering their holdings to the general public.
The company will only receive the proceeds from the fresh issue and not the offer for sale.
The company has a positive track record of its operations and profits over the years. The operations of the company are growing and achieving newer heights.
Gujarat Polysol IPO Details
Here are few more details you need to know before investing in Gujarat Polysol IPO –
Gujarat Polysol IPO Issue Object
Gujarat Polysol has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company; and
- General corporate purpose
Gujarat Polysol 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:
- Strong and diversified customer base;
- Leading chemical manufacturer of large and diverse bouquet of products;
- Strong focus on R&D;
- Extensive manufacturing capabilities of products with stringent quality norms and procedures;
- Strong promoters and experienced management team; and
- Strong and consistent financial performance.
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 20.98 | 19.77 | 32.02 | 54.79 |
| 31-Mar-20 | 15.30 | 10.02 | 26.53 | – |
| Mar-19 | 9.77 | 6.38 | 22.92 | – |
Gujarat Polysol IPO Lead Managers
Here are the list of Lead managers –
- INGA VENTURES PRIVATE LIMITED
Gujarat Polysol IPO Registrar to offer
Check out the details of registrar here –
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai – 400 083, Maharashtra, India
Tel: +91 22 4918 6000
Email: gujaratpolysol.ipo@linkintime.co.in
Investor Grievance Email: gujaratpolysol.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Gujarat Polysol IPO – Other Details
- Statutory Auditor – J.V. Vasani & Co.
- Legal Counsel to the Company – Bharucha & Partners
- Bankers to the Company – HDFC Bank Limited and Axis Bank Limited
Gujarat Polysol IPO Verdict by Stock Brokers
Angel One – Interested individuals looking to invest in Gujarat Polysol Chemicals Pvt. Ltd. IPO must be aware of the upcoming dates for IPO launch as the company has filed DRHP with the capital market regulator.
As per the expectations and facts mentioned in its draft papers, this company’s net profit is increasing.
Thus, it can be a good option for investment. However, one must do comprehensive research on the company’s vision, mission, and statement before taking the final call.
Gujarat Polysol IPO – Conclusion
Gujarat Polysol is a leader in its business section among other competitors. The company is growing in terms of product exposure and financial standing.
The profit for FY2019-21 has shown brief growth at a CAGR of 76.42 percent. The investment can be a favorable decision for your investment portfolio.
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Gujarat Polysol IPO Review FAQs
Check out the FAQs on Gujarat Polysol IPO –
What is the Issue Size of Gujarat Polysol IPO?
The Company is making an initial public offer of NA 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 Gujarat Polysol IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Gujarat Polysol IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Gujarat Polysol IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Gujarat Polysol IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Gujarat Polysol IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Gujarat Polysol IPO?
Here are the promoters of this IPO – SHAILESHKUMAR BALVANTRAI DESAI AND UMANG SHAILESH DESAI. 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 Gujarat Polysol IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Gujarat Polysol 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 Gujarat Polysol 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 2021 in Million is 398.39, 2020 is 201.85, 2019 is 128.00. PAT from Sept 2021 is 155.20.
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