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

Jan 25, 2023 - Jan 30, 2023

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 (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20597.65656.916.7523.567.870
31-Mar-21556.561563.0814.53171.5222.390
31-Mar-22497.771673.7381.01155.41103.4263.4
31-Dec-22898.471664.8454.81462.1941.1978.97
Amount in ₹ Lakhs

Objects of the Issue

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 Details

IPO Date Jan 25, 2023 to Jan 30, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Issue Size1,528,000 shares of ₹10
(aggregating up to ₹4.58 Cr)
Fresh Issue1,528,000 shares of ₹10
(aggregating up to ₹4.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the Net Offer
Retail Shares Offered50% of the Net Offer
Company Promoters

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

Gayatri Rubbers and Chemicals IPO Tentative Timetable

Gayatri Rubbers and Chemicals IPO opens on Jan 25, 2023, and closes on Jan 30, 2023. The Gayatri Rubbers and Chemicals IPO bid date is from Jan 25, 2023 10.00 A.M. to Jan 30, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 25, 2023
Closing Date Jan 30, 2023
Basis of Allotment Feb 2, 2023
Initiation of Refunds Feb 3, 2023
Credit of Shares to Demat Feb 6, 2023
Listing Date Feb 7, 2023

Gayatri Rubbers and Chemicals IPO Lot Size

The Gayatri Rubbers and Chemicals IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

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

Gayatri Rubbers and Chemicals IPO Promoter Holding

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

Gayatri Rubbers and Chemicals IPO Review

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 Jan 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)
NII33.65
Retail42.23
Total37.94

Gayatri Rubbers and Chemicals IPO Prospectus

Gayatri Rubbers and Chemicals IPO Rating

169
4.1
Rating:Rated 4.1 stars
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Company Contact Information

Gayatri Rubbers and Chemicals Limited
Plot No. 11, Gali No. 3,
Opp. Beri Ka Bagh, Malerna Road Ballabhgarh,
Faridabad – 121004
Phone: +91 9766935377
Email: sales@gayatrirubberchemicals.com
Website: https://gayatrirubberchemicals.com/

Gayatri Rubbers and Chemicals IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

Gayatri Rubbers and Chemicals IPO Review

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 Jan 25, 2023, and closes on Jan 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 Jan 25, 2023 and closes on Jan 30, 2023.

Gayatri Rubbers and Chemicals IPO lot size is 4000 Shares and the minimum order quantity is .

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 Feb 2, 2023, and the allotted shares will be credited to your demat account by Feb 6, 2023. Check the Gayatri Rubbers and Chemicals IPO allotment status.

The Gayatri Rubbers and Chemicals IPO listing date is not yet announced. The tentative date of Gayatri Rubbers and Chemicals IPO listing is Feb 7, 2023.
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