Global Pet Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Global Pet Indus

CMP

94.00

-2.30 (-2.39%)

₹49

Offer Price

₹ 13.23 Cr

Issue Size

₹ 1,47,000

Min Investment

3,000

Lot size

Time Line

  • 28
    Jun 2023
    Open
  • 03
    Jul 2023
    Close
  • 06
    Jul 2023
    Finalisation of Basis of Allotment
  • 07
    Jul 2023
    Initiation of Refunds
  • 10
    Jul 2023
    Transfer of Shares to Demat Account
  • 10
    Jul 2023
    Listing Date

Objects of the Offer

  • Invest in proposed manufacturing facility and increase backward integration in the plant

  • Expansion of its production capacity

  • Widen its product portfolio

  • Expand its international presence

  • Continue to improve operating efficiencies through technology enhancements

Strengths

  • Customer base across geographies and industries

  • Its Product Portfolio

  • Quality assurance

  • Experienced Promoter and management team

  • After Sales Services

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company do not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

  • The company has recently commissioned its manufacturing facility at Manufacturing Unit - 2. Under-utilization of its manufacturing capacities would have an adverse effect on its business, future prospects and future financial performance.

  • The company has not yet placed orders in relation to the funding Capital Expenditure towards construction of factory building which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected. Its proposed capacity expansion plans via one of the company proposed manufacturing facilities are subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.

  • The Company is yet to receive development permission from the Deputy Director of Town Planning for the proposed manufacturing facility.

Company Promoters

Promoters Holding

Issue For IPO
27.28%
Pre Holding

98.87%

Post Holding

71.59%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 22.52 (14.10%) 27.61 (22.60%) 34.43 (24.70%)
Gross Profit 22.52 (14.10%) 27.61 (22.60%) 34.43 (24.70%)
Net Income 22.52 (14.10%) 27.61 (22.60%) 34.43 (24.70%)
Assets 22.52 (14.10%) 27.61 (22.60%) 34.43 (24.70%)
Liabilities 22.52 (14.10%) 27.61 (22.60%) 34.43 (24.70%)

Book Running Managers

  • Shreni Shares Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

#108&109 Kari Ind Este His N.5,
Sur No.36 Vil Wal Dhu Ngr Va E,
Palghar - 401208
Phone : +91 8669621562 Email : investor@globalpetind.com www.globalpetind.com

Offer Related Information

Initial public offering of 27,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Global Pet Industries Limited ("GPIL" or "The Company" or "The Issuer") for cash at a price of Rs. 49/- per equity share (including a premium of Rs. 39/- per equity share) ("Issue Price") aggregating to Rs. 13.23 crores ("The Issue") of which 1,38,000 equity shares aggregating to Rs. 0.68 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue... More

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