VeteranInvestor IPO Review

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IPO Reviews by VeteranInvestor

IPO	Review
Gayatri Rubbers and Chemicals Limited IPO	Apply PROS- “Company is Debt Free” – There were 3 to 4 bank loans in Draft Prospectus which they may have repaid before filing the Final Prospectus. “First Mover” – There is no listed peer with same or similar product. “Management Expansion” – The company is formed by taking over a Sole Proprietorship !! The 2 New Promoters are from Gujarat. CONS- “Low Profit in Dec 22” – Due to high inventory of raw materials. “Related Party Transactions” – RPTs are high but these are reducing in the current FY. January 24, 2023 3:47:18 PM

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Gayatri Rubbers and Chemicals Limited IPO

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PROS-
“Company is Debt Free” – There were 3 to 4 bank loans in Draft Prospectus which they may have repaid before filing the Final Prospectus.
“First Mover” – There is no listed peer with same or similar product.
“Management Expansion” – The company is formed by taking over a Sole Proprietorship !! The 2 New Promoters are from Gujarat.

CONS-
“Low Profit in Dec 22” – Due to high inventory of raw materials.
“Related Party Transactions” – RPTs are high but these are reducing in the current FY.

January 24, 2023 3:47:18 PM

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