IPO Details
Bidding Dates
28 Jun '23 - 03 Jul '23
Minimum Investment
₹147,000 / 1 Lots (3000 Shares)
Price Range
₹49
Maximum Investment
₹147,000 / 1 Lots (3000 Shares)
Retail Discount
Not Applicable
Issue Size
₹13.23 Cr
Investor category and sub category
Non-Institutional Investors | Retail Individual Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 28, 2023
IPO Closing Date
Jul 3, 2023
Basis of Allotment
Jul 6, 2023
Initiation of Refunds
Jul 7, 2023
Credit of Shares to Demat Account
Jul 10, 2023
IPO Listing Date
Jul 11, 2023
UPI Mandatory Expiry Date
Jul 3, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Jun 28, 2023 |
0.06 | 0.42 | 0.24 |
Day 2Jun 30, 2023 |
0.44 | 0.92 | 0.68 |
Day 3Jul 3, 2023 |
4.44 | 4.14 | 4.30 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 4.44 |
| Retail Investors | 4.14 |
| Total | 4.30 |
About Company
Global Pet Industries Limited is a leading company engaged in the manufacturing of a wide range of pet machines and equipment. With a focus on pet blow machines, fully automatic and semi-automatic pet machines, and pet blow moulding machines, the company caters to various industries and businesses requiring PET bottle manufacturing solutions.
One of the key products offered by Global Pet Industries Limited is the PET Stretch Blow Moulding Machine. This machine plays a crucial role in the production of PET bottles ranging from 50 ml to 20 litres. These bottles find applications in diverse sectors such as packaged drinking water, carbonated beverages, edible oils, liquid detergents, cosmetic products, pharmaceuticals, and more. The company's PET Stretch Blow Moulding Machines are designed to meet the specific requirements of different businesses, ensuring efficient and reliable manufacturing processes.
Global Pet Industries Limited IPO Details
Global Pet Industries Limited IPO is a 100% fresh issue of 27,00,000 shares aggregating up to ₹13.23 cr. The offer has its price band set to ₹49 per share, and the lot size is 3,000. The opening date for Global Pet Industries Limited IPO is Thursday, 29 June 2023 and the closing date is Monday, 3 July 2023. The IPO will list on the NSE.
Global Pet Industries Limited IPO Objectives
The objectives of Global Pet Industries Limited's IPO are listed below:
- Funding capital expenditure towards the construction of factory building.
- General corporate purposes.
Peer Details
There are no listed companies in India and abroad that is engaged in developing a similar line of product solution to that of the company.
Highlights of Global Pet Industries Ltd
- The company has a strong presence in the domestic market, with a footprint in 19 states based on sales made for the period ending December 31, 2022. Additionally, they have expanded their reach internationally, supplying products to 19 countries, including the United States, UAE, Kenya, Nigeria, and more. This wide geographical presence demonstrates their ability to serve a global customer base.
- Global Pet Industries Limited understands the importance of providing excellent after-sales services. They offer a range of services, including the supply of spares, components, and accessories for their machines, as well as repairs and maintenance. This commitment to customer support ensures that their customers can rely on them for ongoing assistance and efficient functioning of their equipment.
IPO Financials
| Particulars | For the period ended Dec 31, 2022* (₹ lakhs) | March 31, 2022 (₹ lakhs) | March 31, 2021 (₹ lakhs) |
|---|---|---|---|
| Revenue from Operations | 2,252.13 | 2,760.57 | 2,251.79 |
| Profit After Tax (PAT) | 156.16 | 115.96 | 142.49 |
| PAT Margin | 6.93% | 4.20% | 6.33% |
| EBITDA | 224.04 | 178.46 | 228.09 |
| EBITDA Margin | 9.95% | 6.46% | 10.13% |
Know before investing
Strengths
2-
In the fiscal years 2020, 2021, and 2022, Global Pet’s export revenue accounted for a significant portion of their overall revenue from operations. This highlights the company’s success in capturing international markets and the demand for its products beyond domestic boundaries.
-
By establishing a dedicated quality control team, Global Pet Industries Limited ensures compliance with manufacturing practices, which helps in delivering reliable and high-quality products to their customers.
Risks
2-
Global Pet Industries has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
-
The company has recently commissioned its manufacturing facility at a Manufacturing Unit. Under-utilisation of the manufacturing capacities would have an adverse effect on its business, future prospects and future financial performance.
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Global Pet Industries Ltd IPO FAQs
The Global Pet Industries Ltd IPO is a fresh issue IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹13.23 Crores. The price band is set to ₹49 per share.
The Basis of Allotment date is Thursday, 6 July 2023.
The lot size for Global Pet Industries Ltd. is 3000.
The IPO subscription window opens on Thursday, 29 June 2023, and closes on Monday, 3 July 2023.
Retail investors can apply for a minimum of one lot.
Global Pet Industries Ltd. IPO will list on the NSE exchange on Tuesday, 11 July 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before listing the IPO on the stock exchange, which is Tuesday, 11 July 2023 for Global Pet Industries Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
