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GKP Printing IPO is a fixed price issue of Rs 6.58 crores.
GKP Printing IPO bidding started from April 23, 2019 and ended on April 26, 2019. The allotment for GKP Printing IPO was finalized on Friday, May 3, 2019. The shares got listed on BSE SME on May 8, 2019.
GKP Printing IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Holani Consultants Private Limited is the book running lead manager of the GKP Printing IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to GKP Printing IPO RHP for detailed information.
| IPO Date | April 23, 2019 to April 26, 2019 |
| Listing Date | May 8, 2019 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,056,000 shares (aggregating up to ₹6.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 104,000 shares |
GKP Printing IPO offers 2,056,000 shares. 976,000 (47.47%) to NII, 976,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 104,000 (5.06%) |
| Other Shares Offered | 976,000 (47.47%) |
| Retail Shares Offered | 976,000 (47.47%) |
| Total Shares Offered | 2,056,000 (100%) |
GKP Printing IPO opens on April 23, 2019, and closes on April 26, 2019.
| IPO Open Date | Tuesday, April 23, 2019 |
| IPO Close Date | Friday, April 26, 2019 |
| Basis of Allotment | Friday, May 3, 2019 |
| Initiation of Refunds | Monday, May 6, 2019 |
| Credit of Shares to Demat | Tuesday, May 7, 2019 |
| Listing Date | Wednesday, May 8, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 26, 2019 |
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 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
The promoter of the company, Mr. Keval Harshad Goradia is engaged into the corrugated boxes manufacturing business in the year 2004 through M/s. G.K. Packaging. Another promoter Mrs. Payal Keval Goradia is in the business of corrugated boxes through a proprietorship concern M/s Pratham Packaging.
The company acquired the running business of M/s. G.K. Packaging and M/s Pratham Packaging in April 2018.
| Share Holding Pre Issue | 73.57% |
| Share Holding Post Issue | 53.50% |
Incorporated in April 2018, G. K. P. Printing & Packaging Limited (GKPL) is Mumbai, Maharashtra based company engaged in the business of the manufacturing of corrugated boxes. GKPL is also engaged in the trading of Kraft paper, Duplex paper and Low - Density Plastic Rolls (LD Rolls).
The revenue of the company for the period ending December 2018 came from manufacturing (63.08%) and trading (36.17%). Top 2 customers of the company (Shri Shyam Packaging and Spectra International Ltd) contributes 72% of the revenue.
Company manufacture corrugated boxes such as master cartons, mono cartons, Honeycomb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes, and unit cartons. Kraft paper and Duplex papers are the primary raw material in corrugated boxes manufacturing.
Company has its manufacturing unit at Palghar near Mumbai. Company has also set up a new manufacturing facility which is located at Vapi, Gujarat. Company has combined manufacturing capacity of 7200 MT. Company has 10 employees and 20 skilled and semi-skilled labor.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 1,501.08 | 1,021.69 | 635.22 | 346.13 | |
| Total Revenue | 1,923.20 | 1,408.27 | 575.18 | 513.48 | |
| Profit After Tax | 275.61 | 54.71 | 24.95 | 25.12 | |
The Objects of the issue are:
1. Meeting the Long-term Working capital requirements;
2. General corporate expenses; and
3. Meeting the Issue Expenses
[Dilip Davda]
Although GKP has posted growth in top and bottom lines for the past three years plus financial performance, the sudden jump in the top and bottom line raises concern. It is issuing shares at the same price based on pre-IPO placements. Printing and packaging industry is poised for better prospects ahead. Considering these aspects, risk savvy cash surplus investors may consider investment for long term at their own risk.
Read detail review...The GKP Printing IPO is subscribed 1.56 times on April 26, 2019 6:49:03 PM. The public issue subscribed 1.56 times in the retail category, times in the QIB category, and 1.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.57 |
| Retail | 1.56 |
| Total | 1.56 |
| Listing Date | May 8, 2019 |
| BSE Script Code | 542666 |
| NSE Symbol | |
| ISIN | INE05QJ01015 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹32.00 |
| ₹34.20 |
| ₹33.00 |
| ₹35.90 |
| ₹35.00 |
G. K. P. Printing & Packaging Limited
Unit No 14, Amrit Ind Estate,
S. NO. 45, Dhumal Nagar Waliv IP - 12025,
Palghar Thane 401208
Phone: +91 9920037770
Email: gkpackaging@yahoo.com
Website: http://www.gkpl.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gkp.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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GKP Printing IPO is a SME IPO of 2,056,000 equity shares of the face value of ₹10 aggregating up to ₹6.58 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on April 23, 2019, and closes on April 26, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The GKP Printing IPO opens on April 23, 2019 and closes on April 26, 2019.
GKP Printing IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in GKP Printing 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 GKP Printing IPO will be done on Friday, May 3, 2019, and the allotted shares will be credited to your demat account by Tuesday, May 7, 2019. Check the GKP Printing IPO allotment status.
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