Gayatri Rubbers and Chemicals Limited IPO : Highlights

Gayatri Rubbers and Chemicals Limited IPO is set to launch on 25 Jan., 2022. Its business operations include manufacturing and trading of Aluminium rubber profiles, rubber profiles, rubber compounds, automobile rubber profiles, clear PVC profiles and other kinds of rubber components. The major companies it works with includes Nalco, Banco, Jindal and Motherson Sumi. Its manufacturing facility is located in Ballabgarh with an area of 4500 sq ft. 

Gayatri Rubbers and Chemicals Limited IPO DETAILS

Gayatri Rubbers and Chemicals Limited IPO is set to launch on 25 Jan., 2022. The subscription timeline extends till 30 Jan, 2023. The size for the IPO is 4.58 Crore Rs.. Shares issued through fresh issues are worth 4.58 Crore Rs. No shares are issued through Offer For Sale mode. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited. 

Tabular Description of Gayatri Rubbers and Chemicals Limited IPO

IPO OPENING DATE	25 Jan., 2023
CLOSING DATE FOR IPO	30 Jan, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	30 Rs. per share
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	4.58 Crore Rs.
OFFER FOR SALE	No shares offered through this mode
FRESH ISSUE	4.58 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	7 Feb, 2023

Gayatri Rubbers and Chemicals Limited IPO : IMPORTANT DATES

IPO OPENING DATE	25 Jan., 2023
CLOSING DATE FOR IPO	30 Jan, 2023
IPO ALLOTMENT DATE	2 Feb, 2023
REFUNDS	5 Feb, 2023
DEMAT A/C CREDITED ON	6 Feb, 2023
IPO LISTING DATE	7 Feb, 2023

Gayatri Rubbers and Chemicals Limited IPO begins for subscription from 25 Jan., 2023. The IPO subscription would continue till 30 Jan, 2023. The allotment status for the shareholders who applied would come on 2 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 5 Feb, 2023. The DEMAT accounts of shareholders would be credited on 6 Feb, 2023. The listing of the company would be accompanied on 7 Feb, 2023.

Gayatri Rubbers and Chemicals Limited IPO : Lead Managers

The lead managers are :

• Khambatta Securities Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	120000 Rs.
Maximum	8000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	497	556	598
Revenue	1673	1563	656
PAT	82	14	6

Gayatri Rubbers and Chemicals Limited had an asset base of 598 Lakh Rs in 2020. The asset base of the company has been decreasing with the passage of time. The assets went down to 556 Lakh Rs in 2021 and 497 Lakh Rs in 2022. On the other hand with a decrease in the asset base the revenue has not been affected. Rather, revenue and profits of the company have increased.

The revenue of the company was close to 656 Lakh Rs in 2020 which increased to 1563 Lkah Rs in 2021 and 1673 Lklah Rs in 2022. The profits of the company have also increased significantly over the years. The profit of the company in 2020 was just 6 Lakh Rs which increased to 14 Lakh Rs in 2021. This further went on to 82 Lakh Rs in 2022. Hence the financial figures of the company are improving significantly over the passage of time.

PROS

• The product portfolio of the company includes manufacturing and trading of Aluminium rubber profiles, rubber profiles, rubber compounds, automobile rubber profiles, clear PVC profiles and other kinds of rubber components.
• The major companies it works with includes Nalco, Banco, Jindal and Motherson Sumi.
• Gayatri Rubbers and Chemicals Limited has a  manufacturing facility located in Ballabgarh with an area of 4500 sq ft.

CONS

• The company works in a highly competitive segment.

Gayatri Rubbers and Chemicals Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Gayatri Rubbers and Chemicals Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.