Getalong Enterprise
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 27 Sep 2021 – 30 Sep 2021
- Listing date
- 08 Oct 2021
- Face value
- ₹10 per share
- Issue price
- ₹69 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹5.18 Cr
- Market cap at offer price
- ₹12.62 Cr
- Promoter holding
- 79.60% → 46.95% pre-issue → post-issue
- ISIN
- INE0H1201020
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Shreni Shares Ltd.
- Registered office
- Office No.402, B-Wing, Damji Shamji Corporate Square, Laxmi Nagar, Ghatkopar (East), Maharashtra
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 | 38,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹69
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,38,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,76,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,66,000 |
| B-HNI (min) | 8 | 16,000 | ₹11,04,000 |
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 |
|---|---|---|
| Market cap | — | ₹12.62 Cr |
About Getalong Enterprise
Getalong Enterprise Limited was incorporated on July 29, 2020 under the Companies Act, 2013 and subsequently converted to a public limited company in April 2021. The company operates through three key business segments: export of textiles, trading in gold bullion, and sale of female care products, alongside other services. The company is headquartered in Mumbai, Maharashtra. For the period ended July 31, 2021, the company generated consolidated revenue from operations of ₹1545.68 Lakhs, with exports contributing 55.69% of revenues. The company's top 10 customers accounted for 72.55% of revenues for the year ended March 31, 2021. The company has two subsidiaries: Rutuja Textiles Private Limited and Adrian Trading Private Limited.
Company Analysis
from RHPGetalong Enterprise Limited is a diversified company engaged in export of textiles, trading in gold bullion, sale of female care products, and other services.
Getalong Enterprise Limited was incorporated on July 29, 2020 under the Companies Act, 2013 and subsequently converted to a public limited company in April 2021. The company operates through three key business segments: export of textiles, trading in gold bullion, and sale of female care products, alongside other services. The company is headquartered in Mumbai, Maharashtra. For the period ended July 31, 2021, the company generated consolidated revenue from operations of ₹1545.68 Lakhs, with exports contributing 55.69% of revenues. The company's top 10 customers accounted for 72.55% of revenues for the year ended March 31, 2021. The company has two subsidiaries: Rutuja Textiles Private Limited and Adrian Trading Private Limited.
Objects of the Issue
- Funding working capital requirements ₹389.50 Lakhs p.18
- General corporate purposes ₹75.00 Lakhs p.18
- Funding working capital requirements ₹389.50 lakhs p.64
- General corporate purposes ₹75.00 lakhs p.65
- Not specified in Part 3
Issue Structure
- Total Issue
- ₹517.50 Lakhs
- Fresh Issue
- 7,50,000 Equity Shares at ₹69 per Equity Share aggregating ₹517.50 Lakhs
- Price Band
- ₹69 per Equity Share
- Lot Size
- 2000 Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through three main channels: (1) Export of textiles to international markets; (2) Trading in gold bullion; (3) Sale of female care products. The company conducts business primarily on a purchase order basis with customers, without long-term supply contracts. Approximately 55.69% of revenues are derived from exports as of July 31, 2021.
Business Segments
SWOT Analysis
- • Diversified product portfolio across three key segments(p.17)
- • Significant export contribution to revenue(p.25)
- • Established customer base with strong concentration(p.25)
- • Wide product portfolio serving diverse customer segments(p.84)
- • Strong supplier relationships for reliable sourcing(p.84)
- • Scalable, customer-centric business model(p.85)
- • Commitment to quality standards across operations(p.85)
- • Diversified portfolio across independent segments reduces sector-specific risk(p.85)
- • Diversified product portfolio across three key business segments(p.132)
- • Strong profitability with improving profit margins(p.180)
- • Positive cash flow generation from operations(p.186)
- • Subsidiary companies with significant revenue contribution(p.135)
- • Very limited operating history since incorporation(p.24)
- • No long-term supply agreements with suppliers(p.24)
- • No long-term customer contracts(p.24)
- • Significant unsecured debt with recall risk(p.27)
- • Rented registered office with short-term lease(p.27)
- • No insurance coverage for business assets(p.25)
- • Unregistered trademark providing no statutory protection(p.26)
- • High dependence on promoters and key personnel(p.27)
- • Group company has suffered losses in the past(p.29)
- • Promoters lack experience in operating businesses(p.30)
- • Heavy reliance on trade payables for working capital(p.127)
- • Limited IT infrastructure and reliance on manual processes(p.91)
- • Very small team with no dedicated marketing function(p.91)
- • Single location concentration in Mumbai(p.84)
- • No long-term supplier contracts creating supply chain vulnerability(p.85)
- • High dependence on limited customer base(p.187)
- • Very young company with limited operating history(p.132)
- • Current ratio below 1.0 indicating potential working capital stress(p.161)
- • High trade receivables with collection risk(p.141)
- • Significant dependence on director loans for financing(p.163)
- • Large domestic textiles and apparel market with significant export potential(p.17)
- • Opportunity to expand into new market segments and product lines(p.26)
- • Growth through new customer additions(p.25)
- • Expand product portfolio into new segments including agricultural products(p.85)
- • Deepen relationships with existing customers and increase wallet share(p.85)
- • Expand international presence and export operations(p.86)
- • Leverage government initiatives promoting textile manufacturing in India(p.85)
- • Strong growth outlook for Indian textiles and apparel sector(p.77)
- • Capital work in progress indicating planned expansion(p.164)
- • Growing export business with focus on garment exports(p.184)
- • Participation in GST refund schemes generating other income(p.182)
- • Subsidiary company operations in textile sector(p.178)
- • Dependence on export markets with revenue concentration risk(p.25)
- • Customer concentration risk(p.25)
- • Exchange rate fluctuations affecting operations(p.27)
- • Volatility in raw material supply and pricing(p.15)
- • COVID-19 outbreak impact on business operations(p.32)
- • Regulatory and policy changes affecting business(p.34)
- • Intense competition in operating sectors(p.15)
- • Inflation impacting costs and profitability(p.34)
- • Heavy competition from larger competitors with greater resources(p.92)
- • Dependence on China for textile imports creates supply vulnerability(p.78)
- • Global economic uncertainty and pandemic-related disruptions(p.73)
- • Garment exports declined significantly during pandemic period(p.80)
- • Commodity price volatility, FX fluctuations, and monsoon dependency(p.63)
- • GST compliance inquiry under investigation(p.189)
- • Significant competitive pressure in trading business(p.178)
- • Exposure to foreign exchange fluctuation risks in export business(p.142)
- • High concentration of trade payables among limited suppliers(p.190)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sweety Rahul Jain | Individual Promoter | 9.27% | 5.47% |
| Westpac Investments Private Limited | Corporate Promoter | 47.48% | 28.00% |
| Sweety Rahul Jain | Promoter | 9.27% | — |
| Westpac Investments Private Limited | Promoter | — | — |
| Westpac Investments Private Limited | Promoter | 47.48% | — |
| Sweety Rahul Jain | Promoter | 9.27% | — |
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.