Gayatri Rubbers IPO: GMP, Dates, Price, Size

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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 
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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:  

  1. To meet the working capital requirements of the Company; 
  1. General Corporate Purpose; and 
  1. 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

Gayatri Rubbers and Chemicals IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Gayatri Rubbers and Chemicals IPO Lead Manager(s)

  1. Khambatta Securities Limited (Past IPO Performance)


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