Gayatri Rubbers & Chemicals IPOGayatri Rubbers & Chemicals IPO Analysis at,
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    Gayatri Rubbers IPO Subscription Status
    # On 30 January 2022 @ 5.00 pm (Closed)
    NII:     724000   Shares,  33.65T
    RII:      724000   Shares, 42.23T
    Total:  1448000 Shares  37.94T


    Gayatri Rubbers IPO Grey Market updates 
    Observations: (?)
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    Gayatri Rubbers IPO guidance
    The company has stable business. IPO size is just Rs. 4.58 Cr and retail portion can get oversubscribed by just 181 forms. So, oversubscription is no issue. The net profits of 2021-22 show sharp rise and that requires detailed study. However, if the said figure is reliable and same level continues, then the offer price is quite reasonable. 

    Gayatri Rubbers & Chemicals: Company Details

    The company is in the manufacturing and trading of rubber profile, aluminum rubber profile, automobile rubber profile, rubber compound, various kinds of rubber components and clear PVC profiles. It supplies these rubber products across India to the dealers of Nalco, Banco, Jindal in aluminum sector and the agents of Motherson Sumi and few other state transports in automobile sector. It supplies rubber compounds to other rubber product manufacturers and OEMs.

    It is a manufacturer and trader of rubber profiles, rubber compounds, auto glass rubber (automobile profile) and other kinds of rubber products such as sponge rubber for heavy industries. It procures its raw materials / trading goods from Delhi NCR, Gujarat, Kerala and other parts of India. For instance, natural rubber / EPDM rubber is sourced from Kerala, calcium carbonate/ chalk powder is sourced from Gujarat and zinc and some other goods are sourced from Delhi NCRis not possible to provide an industry P/E ratio.

    Currently it has its manufacturing unit and registered office located at total area of 3 floors each having an area of approximately 4500 sq. ft.

    Qualitative strengths according to the management
    ? 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.
    For more information about the company, Click

    Gayatri Rubbers IPO Details
    IPO opens on   25 January 2023
    IPO closes on   30 January 2023
    Issue Type Book Built Issue IPO
    Issue Size 1528000 Sh /Rs 4.58 Cr
    * Fresh Issue 1528000 Sh /Rs 4.58 Cr
    * Offer for Sale  – Shares /Rs (?)Crore
    Face Value per share: Rs. 10
    Price Band Rs.30
    Employee discount  Rs. 0 per share
    Retail Lot Size  4000 Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %)  0
    NII (50 %)  724000 2.17
    RII (50 %) 724000 2.17
    Total Shares  1448000 4.34
    Retail portion will be oversubscribed by  181
    How much Shares to Apply?
    Min Retail Application 4000 Sh Rs. 120000
    Max Retail Application  8000 Sh Rs. 240000

    Promoters of the IPO

    Objects of the IPO:
    The Company intends to utilize the Net Fresh Issue Proceeds to meet the working capital requirements of the Company.

    Gayatri Rubbers IPO Tentative timetable
    IPO opens on  25 January 2023
    IPO Closes on  30 January 2023
    IPO Allotment on   02 February 2023
    Unblocking of ASBA   03 February 2023
    Credit of Shares  06 February 2023
    Listing on  07 February 2023
    Registered Office of Gayatri Rubbers 
    Plot No. 11, Gali No. 3, Opp. Beri Ka Bagh, Malerna Road, Ballabhgarh, Faridabad-121004, Haryana, India.
    IPO Lead Managers 
    Khambatta Securities Limited
    Registrar to the IPO
    Skyline Financial Services Pvt Ltd
    Gayatri Rubbers IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2019-20 6.57 0.07 4.30 28.66
    2020-21 15.63 0.15 0.97 8.47
    2021-22  16.74 0.81 15.58 52.13
    Book Value of the Share on 31.03.2022 Rs.29.88    
    Book Value of the Share after the IPO Rs.    
    Offer Price   Rs. 30    
    Ratio Analysis
    Upper Price/last EPS 1.93
    Upper price/BV Ratio 1
    Upper price/BV after IPO   

    Gayatri Rubbers IPO Peer Comparison: 
    There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to this company.

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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