IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size15,28,000 shares (aggregating up to ₹4.58 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 25 Jan 2023
Subscription CloseMon, 30 Jan 2023
Anchor AllotmentTue, 24 Jan 2023
Basis of AllotmentThu, 02 Feb 2023
Initiation of RefundsFri, 03 Feb 2023
Credit of Shares to DematMon, 06 Feb 2023
Listing DateTue, 07 Feb 2023
UPI Mandate Deadline2023-01-30
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
P/E Ratio (Pre-IPO)23.62x
Net Offer to Public14,48,000 shares (aggregating up to ₹4.34 Cr)
Reserved for Market Maker80,000 shares (aggregating up to ₹0.2400 Cr)
Pre-IPO Promoter Holding42,10,000 shares
Post-IPO Promoter Holding57,38,000 shares
About Gayatri Rubbers & Chemicals Ltd
Formally incorporated in 2022 only, Gayatri Rubbers and Chemicals Limited is engaged in the manufacturing and trading of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components, and clear PVC profiles.These rubber products are then supplied to dealers including Banco, Nalco, and Jindal in the aluminum sector and the agents of Motherson Sumi in addition to state transport in the automobile sector. The rubber compounds are used by various manufacturers and OEMs of rubber products.Broadly, Gayatri Rubbers and Chemicals is a manufacturer of:Rubber profilesRubber compoundsAuto glass rubberSponge rubber for heavy industriesThe promoter of the company Mr. Manoj Kumar Aggarwal possesses over 2 decades of experience in the industry and the company is nurturing under his direct guidance.Gayatri Rubbers undertakes its manufacturing operations from the manufacturing unit located in Ballabhgarh spread in total area of 3 floors each having an area of approximately 4500 sq. ft.
Objects of the Issue
Gayatri Rubbers & Chemicals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement including margin money
3.50
2
General Corporate Purpose
0.68
Shareholding & Lock-in
Pre-IPO Promoter Holding
42,10,000 shares
Post-IPO Promoter Holding
57,38,000 shares