Global Pet Industries, established on July 30, 2013, manufactures a wide range of pet machines, including pet blow machines, fully automatic pet machines, semi-automatic pet machines, and pet blow molding machines. The company also produces pet bottle molds, industrial semi-automatic pet machines, and various spares, components, parts, and accessories for these machines and equipment. Additionally, Global Pet Industries manufactures other mechanical products and their corresponding components, parts, and accessories.
| Bidding Dates |
|---|
| 28 Jun 2023 - 03 Jul 2023 |
| Subscription |
|---|
| 4.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,47,000 | 1 | 1 | 3000 | 2.7 M | ₹49 | 72.41 % | ₹132.3 M | RHP DOC |
Global Pet IPO SUBSCRIPTION STATUS
03 Jul '23Global Pet IPO overall subscription rate was 4.12 times the total available shares
Global Pet IPO retail subscription rate was 3.93 times in the retail segment
Global Pet IPO non-institutional investor subscription rate was 4.32 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Jul 2023 (Day 3) | 3.93x | 4.32x | - |
30 Jun 2023 (Day 2) | 0.86x | 0.52x | - |
28 Jun 2023 (Day 1) | 0.38x | 0.16x | - |
Global Pet FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 15.6 | 225.2 | -8.5 | -3.8 | 10.0% |
| FY22 | 11.6 | 276.1 | 2.9 | 2.5 | 6.5% |
| FY21 | 14.2 | 225.2 | 16.6 | 15.6 | 10.1% |
| FY20 | 9.5 | 197.4 | 16.7 | 15.6 | 7.9% |
Global Pet IPO SUBSCRIPTION STATUS DETAILS
Global Pet had 2.7 M shares on offer
Global Pet IPO offer price was ₹49
Global Pet IPO minimum Investment was ₹147000
Global Pet IPO issue size was ₹ 132.3 M
Global Pet had a minimum lot size of 3000 Shares per application
Global Pet NUMBER OF SHARES ON OFFER
Global Pet IPO IMPORTANT DATES
| Issue Open Date | 28 Jun 2023 |
| Issue close Date | 03 Jul 2023 |
| Allotment Date | 06 Jul 2023 |
| Refund Date | 07 Jul 2023 |
| Demat Account Credit Date | 10 Jul 2023 |
| Listing Date | 11 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Global Pet Allotment Status | Exchange |
Global Pet IPO subscription opened on 28 Jun 2023, and closed on 03 Jul 2023
IPO allotment for Global Pet was finalized on Thursday, 06 Jul 2023
IPO listing for Global Pet was on NSE on Tuesday, 11 Jul 2023
Global Pet IPO LISTING GAINS
| Issue Price (adjusted) | 49.0 |
| Listing Open Price | 51.7 |
| Listing Close Price | 55.4 |
| Listing Gain% | 5.5% |
| Current Gain% | 230.6% |
Global Pet Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Pet Industries Ltd. | 162 | 158.6 | 36 | 12.4 | 2.8 | 9.6 | 7.6 | 57.4 | 24.4 | 5.3 | 23.9 | 4.5 | 2.9 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Global Pet INFORMATION ON IPO ISSUE
About Global Pet
Global Pet Industries, established on July 30, 2013, manufactures a wide range of pet machines, including pet blow machines, fully automatic pet machines, semi-automatic pet machines, and pet blow molding machines. The company also produces pet bottle molds, industrial semi-automatic pet machines, and various spares, components, parts, and accessories for these machines and equipment. Additionally, Global Pet Industries manufactures other mechanical products and their corresponding components, parts, and accessories.
Object of the Issue
- Funding capital expenditure towards the construction of factory building
- General corporate purposes
Global Pet - PROMOTERS
| Name |
|---|
| Bipin Nanubhai Panchal |
Global Pet Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
Global Pet Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Global Pet Strengths
Customers across geographies and industries
The company serves customers from various industries and geographical locations, both domestically and internationally. In the domestic market, it has a presence in 19 states based on sales made until December 31, 2022. On the international front, the company supplies its products to customers in 19 countries
Product portfolio
The company's product mix has undergone changes over the years, with the introduction of new product categories. The current product portfolio includes the Electra series, eco series, fully automatic pet stretch blow molding machines, semi-automatic pet stretch blow molding machines, and their various types
Quality assurance
The company is dedicated to upholding quality standards at every stage, from the procurement of raw materials to the dispatch of finished products
Global Pet Risks
Outstanding litigation
The company is currently involved in certain ongoing litigation, and an unfavorable outcome of these cases may have a negative impact on the business, reputation, and financial performance
Negative cash flows
The company has had negative cash flows in the past years. Sustained negative cash flow could impact the growth and business
IPO FAQs
The promoter of the company is Bipin Nanubhai Panchal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 49.0 - 49.0.
The IPO application opens on Jun 28, 2023 and closes on Jul 03, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 147,000.0, the maximum value for this IPO is Rs 147,000.0.
This IPO will be allotted on Jul 06, 2023.
The refund will be credited to your account on Jul 07, 2023.
The allotted shares will be credited to your demat on Jul 10, 2023.
Global Pet Industries Ltd.’s shares listed on the stock exchanges on Jul 11, 2023.