August 6, 2022
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Gujarat Polysol Chemicals IPO Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 Years
Gujarat Polysol Chemicals IPO Grey Market News Today #
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Gujarat Polysol Chemicals IPO Company Details
Gujarat Polysol Chemicals is amongst the leading chemicals manufacturers for the Infra-tech (Construction), agro, dyes and leather industries in India. It is also amongst the leading supplier of dispersing agents in the Infra-tech, dye and pigments, and textile and leather industries and a leading supplier of powder surfactants in India. It is amongst the leading manufacturers of poly carboxylate ether (PCE) liquid in India. It is one of the few manufacturers of PCE powder globally and the only manufacturer of PCE powder in India. The vast majority of products that it manufactures use the aromatic organic compounds viz., naphthalene, phenol (carbolic acid), acrylic acid and PEG as the base chemical.
The wide range of chemicals and intermediates that it manufactures can be classified, based on the end use industry (Application Industries and each an application industry), as follows:
1. Infra-tech (construction) chemicals;
2. Agro-chemicals (pesticide formulations);
3. Dyes, pigments and textile chemicals; and
4. Leather chemicals.
During the 6 month period ended September 30, 2021, it manufactured an aggregate of 130 products (in liquid and powder forms) including sulphonated naphthalene formaldehyde, sulphonated melamine formaldehyde, sulphonated acetone formaldehyde, cellulose nanofibers, alkyl aryl sulphonate and acrylic syntans.
It manufactures customised products that are tailored to the requirements of our customers. The Company has 3 Manufacturing Facilities, located in Vapi and Sarigam in the State of Gujarat and a unit located in the Union Territory of Dadra & Nagar Haveli and Daman and Diu.
It has an aggregate manufacturing capacity of 130,400 MT per annum across its 3 Manufacturing Facilities. For more information, click www.gujaratpolysol.com
The Promoters :
Shaileshkumar Balvantrai Desai & Umang Shailesh Desai
IPO Main Objects :
The Offer comprises of fresh issue & offer for share.The company proposes to utilise the proceeds of the fresh issue for Repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Company
Gujarat Polysol Chemicals IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs 414 Crore
* Fresh Issue of (?) Sh/ 87 Cr
* Offer for Sale Up to ? Sh/ Rs. 327Cr
Face Value per share : Rs. 10
Gujarat Polysol Chemicals IPO Price Band Per Equity Share: Rs. (?)
Gujarat Polysol Chemicals IPO Retail Lot Size (?) Shares
Gujarat Polysol Chemicals IPO Listing will at BSE,NSE
Shares offered to
QIB (?%) (?) Shares = Rs (?) Cr
NII (?%) Shares = Rs (?) Crs
RII (?%) Shares = Rs (?) Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)
Gujarat Polysol Chemicals IPO Tentative timeTable
Gujarat Polysol Chemicals IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
Gujarat Polysol Chemicals Listing on ? 2022
Gujarat Polysol Chemicals IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 15.30
Earnings per Share 2020-21,Rs 20.98
Earnings per Share 2021-22 6M Rs 7.70
Return on Net Worth: 19-20 26.53 %
Return on Net Worth: 20-21: 32.02%
Return on Net Worth: 21-22 6M : 11.11%
Equity Shares prior to the IPO : 20,154,750 Shares
Book Value of the Share as on 30.9.2021 Rs 69.32
NAV per Equity Share after the Offer ?
Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:
Gujarat Polysol Chemicals IPO Peer Comparison:
Himadri Speciality Chemicals @ PE ratio of 36.86
BASF India @ PE Ratio of 16.21
Gujarat Polysol Chemicals IPO Lead Managers
INGA Ventures Pvt ltd
Registrar to IPO
Linkintime India Pvt Ltd.
Registered Office of Gujarat Polysol Chemicals
Plot No. 1734, Third Phase, GIDC, District – Valsad, Vapi – 396 195, Gujarat, India
Company Secretary & Compliance Officer : Dipakkumar Mohanlal Sanghani
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Gujarat Polysol Chemicals IPO Guidance @ https://chanakyanipothi.com/category/guidance-ipos-rights-offers/
Mr. Gaurang & Todi.
you are absolutely right. Though the company has strong business, they are late entrant to this IPO market.
Mr. Todi, your observation is correct. The fancy for chemicals and speciality chemicals stocks is gone. See the valuations, these Laxmi organics clean science etc command, the prices are falling since last few months. Recently a fund house has suggested SELL for Clean Science. I think, this IPO is quite late. They have to offer the shares at very reasonable valuation, other wise, no body will apply.
sir, since last 3 months, you have mentioned in your publications about fancy for speciality chemicals stocks lacking. do you think , this sentiment affect this IPO ?
Admin sir,
you site is now highly informative and I am sure the readers will start contributing actively. The trend has already seen where many readers and followers provide their valuable input. All the best
will enter the market by end of August or mid september
this IPO appears to be impressive. Hope the promoters donot turn greedy and bring the IPO at reasonable valuation.