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Gayatri Rubbers and Chemicals Limited IPO (Gayatri Rubbers and Chemicals IPO) Detail

January 25, 2023 - January 30, 2023

Gayatri Rubbers and Chemicals IPO is a fixed price issue of Rs 4.58 crores. The issue is entirely a fresh issue of 15.28 lakh shares.

Gayatri Rubbers and Chemicals IPO bidding started from January 25, 2023 and ended on January 30, 2023. The allotment for Gayatri Rubbers and Chemicals IPO was finalized on Thursday, February 2, 2023. The shares got listed on NSE SME on February 7, 2023.

Gayatri Rubbers and Chemicals IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.

Khambatta Securities Limited is the book running lead manager of the Gayatri Rubbers and Chemicals IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Gayatri Rubbers and Chemicals IPO RHP for detailed information.

Gayatri Rubbers and Chemicals IPO Details

IPO Date January 25, 2023 to January 30, 2023
Listing Date February 7, 2023
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size1,528,000 shares
(aggregating up to ₹4.58 Cr)
Fresh Issue1,528,000 shares
(aggregating up to ₹4.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion80,000 shares

Gayatri Rubbers and Chemicals IPO Reservation

Gayatri Rubbers and Chemicals IPO offers 1,528,000 shares. 724,000 (47.38%) to NII, 724,000 (47.38%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered80,000 (5.24%)
Other Shares Offered724,000 (47.38%)
Retail Shares Offered724,000 (47.38%)
Total Shares Offered1,528,000 (100%)

Gayatri Rubbers and Chemicals IPO Timeline (Tentative Schedule)

Gayatri Rubbers and Chemicals IPO opens on January 25, 2023, and closes on January 30, 2023.

IPO Open Date Wednesday, January 25, 2023
IPO Close Date Monday, January 30, 2023
Basis of Allotment Thursday, February 2, 2023
Initiation of Refunds Friday, February 3, 2023
Credit of Shares to Demat Monday, February 6, 2023
Listing Date Tuesday, February 7, 2023
Cut-off time for UPI mandate confirmation 5 PM on January 30, 2023

Gayatri Rubbers and Chemicals IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
HNI (Min) 2 8,000 ₹240,000
Lot Size Calculator

Gayatri Rubbers and Chemicals IPO Promoter Holding

Mr. Shilp Chotai, Mr. Utsav Chotai and Mr. Manoj Kumar Aggarwal are the promoters of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.37%

About Gayatri Rubbers and Chemicals Limited

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 profiles
  • Rubber compounds
  • Auto glass rubber
  • Sponge rubber for heavy industries

The 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.

Company Financials

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

Gayatri Rubbers and Chemicals IPO Market Cap is Rs 17.21 Cr and P/E (x) is 23.62.

KPI Values
P/E (x)23.62
Market Cap (₹ Cr.)17.21

Objects of the Issue (Gayatri Rubbers and Chemicals IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects: -

  1. To meet the working capital requirements of the Company;
  2. General Corporate Purpose; and
  3. To meet the Issue Expenses

Gayatri Rubbers and Chemicals IPO Review (Avoid)

[Dilip Davda]  The boost in margins for the last 21 months of working is a bit surprising and raises concern. It is engaged in a highly competitive and fragmented segment. Based on its FY23 earnings, the issue is aggressively priced. Small equity base post listing indicates longer gestation for migration to the main board. There is no harm in ignoring this pricey bet. Read detail review...

Gayatri Rubbers and Chemicals IPO Subscription Status (Bidding Detail)

The Gayatri Rubbers and Chemicals IPO is subscribed 37.94 times on January 30, 2023 7:00:00 PM. The public issue subscribed 42.23 times in the retail category, times in the QIB category, and 33.65 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Gayatri Rubbers and Chemicals IPO Prospectus

Gayatri Rubbers and Chemicals IPO Rating

Rating:Rated 4.1 stars
Vote Here ...

Gayatri Rubbers and Chemicals IPO Listing Details

Listing Date February 7, 2023
BSE Script Code
Final Issue Price ₹30 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Gayatri Rubbers and Chemicals Limited Contact Details

Gayatri Rubbers and Chemicals Limited
Plot No. 11, Gali No. 3,
Opp. Beri Ka Bagh, Malerna Road Ballabhgarh,
Faridabad – 121004
Phone: +91 9766935377

Gayatri Rubbers and Chemicals IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Gayatri Rubbers and Chemicals IPO - Buy or Not

Gayatri Rubbers and Chemicals IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 2

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Gayatri Rubbers and Chemicals IPO FAQs

Gayatri Rubbers and Chemicals IPO is a SME IPO of 1,528,000 equity shares of the face value of ₹10 aggregating up to ₹4.58 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on January 25, 2023, and closes on January 30, 2023.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Gayatri Rubbers and Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Gayatri Rubbers and Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Gayatri Rubbers and Chemicals IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Gayatri Rubbers and Chemicals IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Gayatri Rubbers and Chemicals IPO opens on January 25, 2023 and closes on January 30, 2023.

Gayatri Rubbers and Chemicals IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.

You can apply in Gayatri Rubbers and Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gayatri Rubbers and Chemicals IPO will be done on Thursday, February 2, 2023, and the allotted shares will be credited to your demat account by Monday, February 6, 2023. Check the Gayatri Rubbers and Chemicals IPO allotment status.

The Gayatri Rubbers and Chemicals IPO listing date is on February 7, 2023.
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Gayatri Rubbers and Chemicals IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



96. Romy HNI |   Link |  Bookmark |February 24, 2023 11:04:49 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
GMP not improving inspite of record subscription
95. Romy HNI |   Link |  Bookmark |February 21, 2023 1:36:07 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
GMP still not declared
94. Best Investor |   Link |  Bookmark |February 17, 2023 11:09:30 PM
Just read Davda Sir's review thesis . Found it wrong and ignorant on many fronts.
This company has no listed peers. Only recognised name in this sector now. Currently company is at 20-25% capacity utilisation. It will increase now as company has become popular and reliable after listing on NSE Emerge. We can call it monopoly company in listed market. PE of 20 odd levels is very reasonable for a company with no listed peer. Auto industry is growing and their products demand is bound to grow. Davda Sir raised questions on aggressive sales in last 21 months. Well before that every company was struggling from Covid so sales definitely are going to be low. After covid company recovered so quickly. Promoters are first generation and young as well experienced. I can't believe someone like Davda Sir will just look at PE and some trivial factors to call it pricey issue. While analysing a company we look at multiple factors and not just PE. If by looking PE/ratios we can decide valuations then all CAs would be millionare. Who said small equity base has hard time to move to mainboard? This is not a criteria. Moreover we invest in a company because it is good, not because it is on mainboard or not. Very vague analysis and statement by Davda Sir. In Q3 company inventory is high so they delivered good(not execptional) PAT. Their could be many reasons for high inventory like raw material purchase etc. Company has been consistently growing with reducing debt. Company has its own factory as well. Website looks good and informative. Always do proper self analysis and never listen to these analysts is what I have learnt so far. No wonder GRCL is doing well while other highly subscribed SMEs are underperforming.

Disc : Invested for long term and biased.
93. Best Investor |   Link |  Bookmark |February 17, 2023 11:40:27 AM
Davda Sir told to avoid this. Looks like noone is avoiding this except Davda Sir. I will never listen to Davda sir from now on.
92. Akhil IPO |   Link |  Bookmark |February 16, 2023 9:52:07 PM
Got 1 allotment against my 52 lots application.
91. Best Investor |   Link |  Bookmark |February 16, 2023 7:02:27 PM
LC to UC today. Davda sir please tell what should we do now? Should we buy tomorrow?
90. Best Investor |   Link |  Bookmark |February 13, 2023 1:56:18 PM
Circuit broke today for some time. Now too less buyers. Anytime LC possible
89. Best Investor |   Link |  Bookmark |February 10, 2023 5:07:33 PM
When will its circuit limit be changed?
89.1. Arca |   Link |  Bookmark |February 11, 2023 2:55:55 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
On 21st Feb ie 11th day
88. Best Investor |   Link |  Bookmark |February 10, 2023 1:26:42 PM
I listened to Davda sir and sold early. Now what should I do? I am a newbie in market. I want to buy again and not getting this share. Someone please suggest what should I do?
87. WealthyRam |   Link |  Bookmark |February 10, 2023 9:39:14 AM
Why I am not still seeing my shares in demat which bought on 02/07? supposed to be credited today right?
87.2. sprint |   Link |  Bookmark |February 10, 2023 10:30:47 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Interesting case to read... anyway it made good to you... congrats and you are ahead of one UC in this counter, for others, this 44rs level may come Monday if the UC sustain (currently strong buying interest is seen for this small sized IPO).
The reason for this short fall, might be something like Upstox issue with Alletec listing day case...., many people affected due to problem of upstox, may be your case also might be similar (other selling counter party's trading platform technical glitch).
The other reason could be, due to ignorance, one might put sale order from different Demat acc than the one in which he was allotted actually and later his position is considered as short sell and recovered by broker in auction.
In neither of cases, I dont have any exp. just giving a thought..
87.3. WealthyRam |   Link |  Bookmark |February 10, 2023 10:40:06 AM
Hi sprint - dont know how to react to this - I do not see this transaction tracked anywhere like not in my TAX break up either that ICICI provides (hoping no tax on it!). In a way happy with ~28K profit for now - one less headache besides chaman RBM & AllE holdings.
86. Best Investor |   Link |  Bookmark |February 8, 2023 6:07:39 PM
Tomorrow it will open with UC and then go to LC. People are moving to Earthsthal. That will give better returns than this. Davda Sir can not be wrong.
86.1. Gem picker |   Link |  Bookmark |February 9, 2023 8:21:54 PM
Bhai aaj dinbhar LC ka wait Kiya ma 🤣
85. Best Investor |   Link |  Bookmark |February 8, 2023 12:24:03 PM
Remember what Davda sir said. Company is being pumped up due to low float. Anytime LC can start. Be alert. I have sold my 1 lot today. Take decision wisely.
84. JaiShriKrishna |   Link |  Bookmark |February 7, 2023 10:14:07 AM
512000 shares already traded till now (1/3 of total shares) it is good going...congratulation to all who got allotment.
84.1. JaiShriKrishna |   Link |  Bookmark |February 7, 2023 12:59:22 PM
Now total traded 572000 and 440000 buyer standing at 36.75.
84.2. WealthyRam |   Link |  Bookmark |February 7, 2023 2:28:33 PM
Hi JaiShriKrishna - at the UC, silently more than 2 lakh shares traded - assuming someone big accumulating and good for share as well? - how do you see this experts?
83. Heathslayer |   Link |  Bookmark |February 7, 2023 10:36:58 AM
And people including Dilip gave avoid rating. Probably low float and price helped this IPO.
83.1. Hanumansuperman |   Link |  Bookmark |February 8, 2023 12:33:56 PM
Sold GRCL and entering EARTH
82. Gem picker |   Link |  Bookmark |February 7, 2023 10:16:09 AM
Missing our senior members in this forum....😔
81. PKRAJ |   Link |  Bookmark |February 7, 2023 10:05:44 AM
IPO Guru IPO Guru (1700+ Posts, 1200+ Likes)
Good listing than expected. Now upper circuit with good demand. 36.75.
Congratulations to all who got an allotment.
80. Arca |   Link |  Bookmark |February 7, 2023 9:45:05 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Bought one
80.2. Gem picker |   Link |  Bookmark |February 7, 2023 9:53:42 AM
Great arca

As per noorul sir strategy will hold...
80.3. Arca |   Link |  Bookmark |February 7, 2023 9:57:29 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Preopen 35
79. Gem picker |   Link |  Bookmark |February 7, 2023 9:52:12 AM
Congratulations to all the alloted members good listing after 3 bad listing
78. kml |   Link |  Bookmark |February 7, 2023 9:26:17 AM (300+ Posts)
Should anyone plan for buy gayatri in preopen?
77. Gem picker |   Link |  Bookmark |February 7, 2023 9:15:26 AM
Wow solid opening in pre open.... buyers are more than sellers....