Gayatri Rubbers and Chemicals SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 25 Jan 2023 – 30 Jan 2023
- Listing date
- 07 Feb 2023
- Face value
- ₹10 per share
- Issue price
- ₹30 per share
- Lot size
- 4,000 shares
- Total issue size
- ₹4.58 Cr
- Market cap at offer price
- ₹17.21 Cr
- Promoter holding
- 100.00% → 73.37% pre-issue → post-issue
- ISIN
- INE0LVM01018
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Khambatta Securities Ltd.
- Registered office
- Plot No.11, Gali No.3, Opp.Beri Ka Bagh, Malerna Road Ballabhgarh, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 80,000 | — | — |
Application size
Minimum 4,000 shares per lot, in multiples, at ₹30
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 4,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 8,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 32,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 36,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 15.58 | — |
| P/E (×) | 1.93 | — |
| Market cap | — | ₹17.21 Cr |
Key performance indicators
- Return on net worth
- 52.13%
- ROCE
- 40.08%
- Debt / equity
- 1.69
- PAT margin
- 4.84%
- NAV per share
- ₹29.88
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Gayatri Rubbers and Chemicals SME
The business originally belonged to a proprietorship firm M/s Goyal Rubbers owned by Promoter Mr. Manoj Kumar Aggarwal, which started operations in April 2009. In 2011, promoters Mr. Utsav Chotai and Mr. Shilp Chotai associated themselves with Mr. Manoj Aggarwal for rubber-related business. On March 31, 2022, the promoters incorporated Gayatri Rubbers and Chemicals Limited under a Certificate of Incorporation issued by the Registrar of Companies, Delhi NCR, to take over the complete assets and liabilities of M/s Goyal Rubbers on going concern basis effective April 15, 2022. The company manufactures and trades rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components, and clear PVC profiles. It supplies these products across India to dealers of Nalco, Banco, Jindal in the aluminum sector and agents of Motherson Sumi and other state transports in the automobile sector. It also supplies rubber compounds to other rubber product manufacturers and OEMs. Revenue comes from both manufactured goods (rubber profiles, compounds) and traded goods.
Company Analysis
from RHPGayatri Rubbers and Chemicals Limited manufactures and trades rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles, serving primarily the aluminum and automobile sectors across India.
The business originally belonged to a proprietorship firm M/s Goyal Rubbers owned by Promoter Mr. Manoj Kumar Aggarwal, which started operations in April 2009. In 2011, promoters Mr. Utsav Chotai and Mr. Shilp Chotai associated themselves with Mr. Manoj Aggarwal for rubber-related business. On March 31, 2022, the promoters incorporated Gayatri Rubbers and Chemicals Limited under a Certificate of Incorporation issued by the Registrar of Companies, Delhi NCR, to take over the complete assets and liabilities of M/s Goyal Rubbers on going concern basis effective April 15, 2022. The company manufactures and trades rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components, and clear PVC profiles. It supplies these products across India to dealers of Nalco, Banco, Jindal in the aluminum sector and agents of Motherson Sumi and other state transports in the automobile sector. It also supplies rubber compounds to other rubber product manufacturers and OEMs. Revenue comes from both manufactured goods (rubber profiles, compounds) and traded goods.
Objects of the Issue
- Funding Working Capital Requirements including margin money Rs. 350.00 Lakhs p.73
- General Corporate Purpose Rs. 68.40 Lakhs p.73
- Issue Expenses Rs. 40.00 Lakhs p.73
Issue Structure
- Total Issue
- Rs. 458.40 Lakhs
- Fresh Issue
- Up to 15,28,000 Equity Shares of face value of Rs.10/- each fully paid for cash at a price of Rs. 30 per Equity Share aggregating Rs. 458.40 Lakhs
- Offer for Sale
- N.A. (Not Applicable - entire issue constitutes fresh issue)
- Price Band
- Rs. 30 per Equity Share (Fixed Price)
- Lot Size
- 4,000 Equity Shares and in multiples thereof
- Face Value
- Rs. 10/- each
Business Model
Revenue from sale of manufactured goods (rubber profiles, aluminum rubber beading, automobile rubber profiles, rubber compounds, clear PVC profiles) and sale of traded goods, sold directly to automotive OEMs, dealers in the aluminum sector, and other rubber product manufacturers across India.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Shilp Chotai | Promoter | 23.99% | 17.60% |
| Mr. Utsav Chotai | Promoter | 23.99% | 17.60% |
| Mr. Manoj Kumar Aggarwal | Promoter | 51.06% | 37.47% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.