Gayatri Rubbers and Chemicals Limited
IPO Details
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Lot Distribution
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Company Fin.
₹4(13.33%)
Premium (ELP)
Gayatri Rubbers and Chemicals Limited's successfully transitioned to public market status with its listing on NSE on Feb 07, 2023. The IPO mobilized 15,28,000 Shares in cumulative capital, including 15,28,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹30 to ₹30, with minimum investment lots of 4000 shares. subscription activity between Jan 25, 2023 and Jan 30, 2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Feb 02, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Formally incorporated in 2022, Gayatri Rubbers and Chemicals Limited is engaged in the manufacturing and trading of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles. These products are supplied to dealers such as Banco, Nalco, and Jindal in the aluminum sector, Motherson Sumi agents, and state transport authorities in the automobile sector, while the rubber compounds are used by various manufacturers and OEMs. The company’s product range broadly includes rubber profiles, rubber compounds, auto glass rubber, and sponge rubber for heavy industries. Under the leadership of promoter Mr. Manoj Kumar Aggarwal, who brings over two decades of industry experience, the company operates from its manufacturing unit in Ballabhgarh, spanning three floors with approximately 4,500 sq. ft. area each.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Shilp Chotai
- Mr. Utsav Chotai
- Mr. Manoj Kumar Aggarwal
Gayatri Rubbers and Chemicals Limited
Skyline Financial Services Private Limited