Gayatri Rubbers and Chemicals 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.
Gayatri Rubbers IPO Details
| IPO Dates | 25 – 30 January 2023 |
| IPO Price | INR 30 per share |
| Fresh issue | 15,28,000 shares (INR 4.58 crore) |
| Offer For Sale | Nil |
| Total IPO size | 15,28,000 shares (INR 4.58 crore) |
| Minimum bid (lot size) | 4,000 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE,SME |
Gayatri Rubbers IPO Dates
| IPO Opening Date | 25 January 2023 |
| IPO Closing Date | 30 January 2023 |
| Finalisation of Basis of Allotment | 2 February 2023 |
| Initiation of refunds | 3 February 2023 |
| Transfer of shares to demat accounts | 6 February 2023 |
| IPO Listing Date | 7 February 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Gayatri Rubbers and Chemicals Limited, which was only formally founded in 2022, specialises in the production and trade of rubber profiles, aluminium rubber profiles, vehicle rubber profiles, rubber compounds, different types of rubber components, and transparent PVC profiles. The dealers Banco, Nalco, and Jindal in the aluminium industry, as well as Motherson Sumi’s representatives and state transport, are then given access to these rubber products. Numerous producers and original equipment manufacturers of rubber items employ the rubber compounds.
Gayatri Rubbers and Chemicals, in general, produces:
Elastic profiles
Rubber substances
Rubber for auto glass
Rubber sponge for heavy industries
The company is growing under the leadership of Mr. Manoj Kumar Aggarwal, the promoter, who has over 20 years of expertise in the sector. Gayatri Rubbers conducts its production operations out of a building with a total floor space of three and a half thousand square feet (square feet), each.
Company Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 656.91 | 1,563.08 | 1,673.73 | 1,664.84 |
| Expenses | 647.90 | 1,544.87 | 1,569.76 | 1,593.53 |
| Net income | 6.76 | 14.53 | 81.01 | 54.81 |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objects:
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
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/
