Global Pet Industries IPO: Global Pet Industries has scheduled its IPO (Initial Public Offering) with the following details: The IPO will commence on June 29 and conclude on July 3. Alphalogic Industries will oversee the IPO on the NSE SME platform, aiming to raise ₹13.23 crores through this offering. The IPO price band for Global Pet Industries has been set at ₹49 per share, and the market lot size is 3000 shares.
Global Pet Industries IPO Dates
The Initial Public Offering (IPO) for Global Pet Industries will begin on June 29, 2023, and conclude on July 3, 2023. The Basis of Allotment for the IPO will be finalized on Thursday, July 6, 2023, and the allotted shares will be credited to investors’ demat accounts by Monday, July 10, 2023. The listing date for Global Pet Industries IPO is scheduled for Tuesday, July 11, 2023
Global Pet Industries IPO Details
| IPO Date | Jun 29, 2023 to Jul 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹49 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,700,000 shares (aggregating up to ₹13.23 Cr) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹13.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,087,408 |
| Share holding post issue | 9,787,408 |
Important Dates of Global Pet Industries IPO
Global Pet Industries IPO opens on Jun 29, 2023, and closes on Jul 3, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Thursday, 29 June 2023 |
| Closing Date | Monday, 3 July 2023 |
| Basis of Allotment | Thursday, 6 July 2023 |
| Initiation of Refunds | Friday, 7 July 2023 |
| Credit of Shares to Demat | Monday, 10 July 2023 |
| Listing Date | Tuesday, 11 July 2023 |
Global Pet Industries IPO Lot Size
The Global Pet Industries IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹147,000 |
| Retail (Max) | 1 | 3000 | ₹147,000 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
Objects of the Global Pet Industries IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding Capital Expenditure towards the construction of factory building, and
- General Corporate Purposes.
About Global Pet Industries Limited IPO
Global Pet Industries Limited was established in 2013 as a prominent manufacturer and exporter specializing in Two Stage PET Stretch Blow Moulding Machines.
These machines are specifically designed for the production of PET bottles ranging from 50ml to 20 Litres. They cater to various industries, including the manufacturing of fridge bottles, packaged drinking mineral water bottles, carbonated soft drink bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic product bottles, confectionery jars, Pharma bottles, liquor and distillery bottles, pesticides bottles, and more.
In addition to manufacturing PET Stretch Blow Moulding Machines, Global Pet Industries offers comprehensive after-sales services. This includes the provision of spares, components, and accessories, as well as repairs and maintenance for their machines post-delivery.
The company operates two manufacturing units, both strategically located in Palghar, Maharashtra.
Global Pet Industries operates through two distinct business divisions: domestic sales and exports. In the domestic market, they have established a presence in 19 states based on sales data up until December 31, 2022. On the international front, they supply their products to 19 countries, including Cameroon, the Central African Republic, Ghana, Haiti, Kenya, Mozambique, Nigeria, Nepal, Qatar, South Africa, Tanzania, Tunisia, UAE, Uganda, Liberia, the United States of America, Bhutan, Zambia, and Zimbabwe. These figures are based on sales data up until December 31, 2022