GKP Printing IPO is all about to make its debut on 23 April 2019 with issue size of INR 6.58cr
G. K. P. Printing & Packaging Limited (GKPL), founded in April 2018, is a Mumbai, Maharashtra-based company that manufactures corrugated boxes. GKPL also deals in Kraft paper, Duplex paper, and Low – Density Plastic Rolls (LD Rolls). The company’s revenue for the fiscal year ending December 2018 came from manufacturing (63.08%) and trading (36.17%). The top two customers (Shri Shyam Packaging and Spectra International Ltd) account for 72% of the company’s revenue.
Master cartons, mono cartons, Honeycomb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes, and unit cartons are all manufactured by the company. Kraft and Duplex papers are the primary raw materials used in the production of corrugated boxes. Palghar, near Mumbai, is where the company’s manufacturing unit is located. The company has also established a new manufacturing facility in Vapi, Gujarat. The company’s total manufacturing capacity is 7200 MT. The company has ten employees and twenty skilled and semi-skilled workers.
INDUSTRY OVERVIEW
The market for corrugated packaging was valued at $ 237.5 billion in 2017 and is anticipated to grow to $ 294.3 billion by 2023, at a CAGR of 3.7%. Corrugated packaging’s cost effectiveness, environmental friendliness, and growing popularity. The main market drivers for sustainable packaging solutions.
A corrugated box is created by joining two paper sheets, known as liners, and adhering them to a corrugated inner medium, known as fluting. The way these three layers of paper are put together increases the overall strength of the structure. These boxes are created to fit the finishing and processing
- use specifications.
The corrugated packaging market is divided according to application into the following categories: processed food, fresh food and produce, beverages, personal and household care, chemicals, paper products, electrical and electronic goods, glassware and ceramics, tobacco, wood & timber, textiles, direct mail & dispatch, transport, and others; “others” includes footwear, apparel, and furniture. The main market application for these, contributing more than 25% in 2017, was processed food.
GKP Printing IPO Details
| 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) |
| Market Maker portion | 104,000 shares |
| 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 Tentative Dates
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 |
Company Financials
| 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 |
Objects of the Issue
The Objects of the issue are:
- Fulfilling the long-term working capital needs;
- Covering the overall operational expenses of the company; and
- Meeting the costs associated with issuing financial securities.
GKP Printing IPO Prospectus
Company Contact Information
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/
GKP Printing IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gkp.ipo@linkintime.co.in
Website: https://linkintime.co.in/
GKP Printing IPO Lead Manager(s)
- Holani Consultants Private limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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