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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
| IPO Date | Apr 23, 2019 to Apr 26, 2019 |
| Listing Date | Wednesday, May 8, 2019 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Issue Size | 2,056,000 shares of ₹10 (aggregating up to ₹6.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | 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. |
GKP Printing IPO opens on Apr 23, 2019, and closes on Apr 26, 2019. The GKP Printing IPO bid date is from Apr 23, 2019 10.00 A.M. to Apr 26, 2019 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 | Apr 23, 2019 |
| Closing Date | Apr 26, 2019 |
| Basis of Allotment | May 3, 2019 |
| Initiation of Refunds | May 6, 2019 |
| Credit of Shares to Demat | May 7, 2019 |
| Listing Date | May 8, 2019 |
The GKP Printing IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Pre Issue Share Holding | 73.57% |
| Post Issue Share Holding | 53.50% |
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 Apr 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) |
|---|---|
| NII | 1.57 |
| Retail | 1.56 |
| Total | 1.56 |
| Listing Date | Wednesday, May 8, 2019 |
| BSE Script Code | 542666 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE05QJ01015 |
| IPO Price | ₹32 per share |
| Face Value | ₹10 per share |
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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/
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 Apr 23, 2019, and closes on Apr 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 Apr 23, 2019 and closes on Apr 26, 2019.
GKP Printing IPO lot size is 4000 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for GKP Printing IPO will be done on May 3, 2019, and the allotted shares will be credited to your demat account by May 7, 2019. Check the GKP Printing IPO allotment status.
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