Global Pet Industries Limited IPO is set to launch on 28 June, 2023. The company initiated its business operations in the year 2013. It exports and manufactures Two Stage PET Stretch and Blow Moulding Machines. These machines are used for manufacturing PET Stretch between the range of 50 ml to 20 Litres of bottles such as Hot Fill Juice Bottle, Fridge Bottles, Cosmetic Product Bottles, Liquid Detergent Bottles, Pharma Bottles, Confectionary Bottles, Pesticides Bottles, Liquor Bottles etc. It has 2 manufacturing facilities in Palghar. Its business has been divided into Domestic and Exports.
The company has its sales and presence in 19 domestic states and in countries such as Qatar, Nepal, Nigeria, Mozambique, Kenya, Haiti, Ghana, Central African Republic, Cameroon, Zimbabwe, Zambia, Bhutan, USA, Liberia, Uganda, UAE, Tunisia, Tanzania etc.
Global Pet Industries Limited IPO DETAILS
Global Pet Industries Limited IPO is set to launch on 28 June, 2023. The subscription timeline extends till 3 July, 2023. The size for the IPO is 13.23 Crore Rs. Shares issued through fresh issue mode are worth 13.23 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 49 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 Bigshare Services Limited.
Tabular Description of Global Pet Industries Limited IPO
| IPO OPENING DATE | 28 June, 2023 |
| CLOSING DATE FOR IPO | 3 July, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 49 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 13.23 Crore Rs. |
| OFFER FOR SALE | No shares offered through offer for sale mode |
| FRESH ISSUE | 13.23 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 11 July, 2023 |
Global Pet Industries Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 28 June, 2023 |
| CLOSING DATE FOR IPO | 3 July, 2023 |
| IPO ALLOTMENT DATE | 6 July, 2023 |
| REFUNDS | 7 July, 2023 |
| DEMAT A/C CREDITED ON | 10 July, 2023 |
| IPO LISTING DATE | 11 July, 2023 |
Global Pet Industries Limited IPO begins for subscription from 28 June, 2023. The IPO subscription would continue till 3 July, 2023. The allotment status for the shareholders who applied would come on 6 July, 2023. The refunds for the ones who did not get allotment would be initiated on 7 July, 2023. The DEMAT accounts of shareholders would be credited on 10 July, 2023. The listing of the company would be completed on 11 July, 2023.
Global Pet Industries Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 147000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 294000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 147000 Rs. |
| Maximum | 6000 shares | 294000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The IPO money will also be used for construction of the factory Building.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 1063 | 1592 | 1679 |
| Revenue | 2001 | 2285 | 2800 |
| PAT | 94 | 142 | 115 |
Global PET Solutions Limited had an asset base of 1063 Lakh Rs in 2020 which increased to 1592 Lakh Rs in 2021 and 1679 Lakh Rs in 2022. The company’s revenue was 2001 Lakh Rs in 2020 which increased to 2285 Lakh Rs in 2021 and 2800 Lakh Rs in 2022. The profit of the firm was 94 Lakh Rs in 2021 and 142 Lakh Rs in 2022. However the profit of the frim decreased to 115 Lakh Rs in 2022 in comparison to the profit of the year 2021.
PROS
- The machines made by GLOBAL PET INDUSTRIES LIMITED are used for manufacturing PET Stretch between the range of 50 ml to 20 Litres of bottles such as Hot Fill Juice Bottle, Fridge Bottles, Cosmetic Product Bottles, Liquid Detergent Bottles, Pharma Bottles, Confectionary Bottles, Pesticides Bottles, Liquor Bottles etc.
- It has 2 manufacturing facilities in Palghar. Its business has been divided into Domestic and Exports.
- The company has its sales and presence in 19 domestic states and in countries such as Qatar, Nepal, Nigeria, Mozambique, Kenya, Haiti, Ghana, Central African Republic, Cameroon, Zimbabwe, Zambia, Bhutan, USA, Liberia, Uganda, UAE, Tunisia, Tanzania etc.
CONS
- The company works into a very competitive segment.
Global Pet Industries 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 :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Global Pet Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- 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.
