February 7, 2023
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Gayatri Rubbers & Chemicals IPO Analysis at Chanakyanipothi.com,
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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 www.gayatrirubberchemicals.com
| 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 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 4000 Sh | Rs. 120000 |
| Max Retail Application | 8000 Sh | Rs. 240000 |
Promoters of the IPO
Mr. SHILP CHOTAI, Mr. UTSAV CHOTAI AND Mr. MANOJ KUMAR AGGARWAL
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 |
| Rs.in Cr | Rs.in 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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