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Global Pet Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 147,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    28 Jun 2023

  • Close Date

    03 Jul 2023

  • IPO Price Range

    ₹ 49

  • IPO Size

    ₹ 13.23 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 Jul 2023

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IPO Timeline

Global Pet Industries IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Global Pet Industries is a manufacturer and exporter of Two Stage PET Stretch Blow Moulding Machines its IPO opens on 29th June and closes on 3rd July.
The issue consists of a fresh issue of 2,700,000 shares (aggregating up to ₹13.23 Cr). The price band for the issue is fixed at Rs. 49 per share. The lot size is set for 3000 shares per lot. The shares will be allotted on the 6th of July and the issue will be listed on the 11th July on the stock exchanges.
The book-running lead manager to the offer is Shreni Shares Private Limited.

Objectives of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
    1. Funding Capital Expenditure towards the construction of factory building, and
    2. General Corporate Purposes.

Global Pet Industries Limited is a manufacturer and exporter of Two Stage PET Stretch Blow Moulding Machines.
PET Stretch Blow Moulding Machine is used for manufacturing machines that are suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles.
Apart from manufacturing PET Stretch Blow Moulding Machines, the company also provides after-sales services such as providing spares, components, and accessories and providing repairs and maintenance of the machines after delivery.
Global Pet Industries have two business divisions (i) domestic sales; and (ii) exports. It has a presence in 19 states for its domestic market based on sales made for the period ending December 31, 2022. Internationally, it supplies products in 19 countries.

Peer Comparison
    • N/A

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 2760.57 2251.79 1973.52
EBITDA 178.46 228.09 156.51
PAT 115.96 142.49 94.63
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1679.12 1592.78 1063.02
Share Capital 44.30 44.30 44.30
Total Borrowings - - 24.26
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 28.69 166.39 166.95
Net cash from / (used in) investing activities 4.82 9.90 105.60
Net cash flow from / (used in) financing activities 1.56 26.52 0.02
Net increase (decrease) in cash and cash equivalents 22.31 149.77 61.37

 


Strengths:

1. Customer base across geographies and industries
2. The product mix has evolved over the past several years as the company has entered into new product categories. The product portfolio includes the Electra series- All Electric Servo Controlled Fully Automatic Pet Stretch Blow Moulding Machine, Eco Series - 3 Cavity Automatic Pet Stretch Blow Moulding Machine, Fully Automatic Pet Stretch Blow Moulding Machine and semi-Automatic Pet Stretch Blow Moulding Machine and types thereof.
3. Quality assurance
4. Apart from manufacturing of PET Stretch Blow Moulding Machine, the Company also provides after-sales services such as providing spares, components, and accessories and providing repairs and maintenance of the machines after delivery

 

Risks

1. The company has certain outstanding litigation against them, an adverse outcome of which may adversely affect its business, reputation, and results of operations
2. The company does 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 the business, financial condition, and results of operations.
3. The company has recently commissioned its manufacturing facility at Manufacturing Unit - 2. Underutilization of its manufacturing capacities would have an adverse effect on the business, future prospects, and future financial performance. 

 

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FAQs

The minimum lot size of Global Pet Industries IPO is 3000 shares.

The price band of the Global Pet Industries IPO is  Rs.49 per share.

The Global Pet Industries IPO opens on June 29, 2023 and closes on July 3, 2023.

The Global Pet Industries IPO comprises a total issue of 2,700,000 shares (aggregating up to ₹13.23 Cr)

The Allotment date of Global Pet Industries IPO is 6th July 2023.

The listing date of Global Pet Industries IPO listing is 11th July 2023.

Shreni Shares Private Limited is the book runner for Global Pet Industries IPO.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
    1. Funding Capital Expenditure towards the construction of factory building, and
    2. General Corporate Purposes.

To apply for the IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and price at which you wish to apply for     
    • Enter your UPI ID and click on submit. With this, your bid will be placed     with the exchange    
    • You will receive a mandate notification to block funds in your UPI app