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24 January 2023

Gayatri Rubbers and Chemicals IPO Date, allotment and all Details

Gayatri Rubbers and Chemicals Ltd

Gayatri Rubbers and Chemicals Ltd,(GRCL) is a manufacturer and trader of clear PVC profiles, rubber compounds, and rubber profiles for use in automobiles, on aluminum, and on other surfaces. It provides these rubber goods all throughout India to the Nalco, Banco, and Jindal dealers in the aluminium industry as well as the Motherson Sumi agents and a few other state transportation companies in the car industry.

The Business offers rubber compounds to OEMs and other producers of rubber goods. It buys trading items and raw materials from Delhi NCR, Gujarat, Kerala, and other regions of India. For instance, calcium carbonate/chalk powder is obtained from Gujarat, Natural rubber or EPDM rubber is sourced from Kerala, zinc is sourced from Delhi-National Capital Region, and so on. on its payroll As of December 31, 2022, it has 16 workers and about 30 contract laborers.

Gayatri Rubbers and Chemicals Limited (IPO details)

Gayatri Rubbers and Chemicals Limited, which was only formally founded in 2022, specialises in the production and trade of rubber profiles, aluminium rubber profiles, vehicle rubber profiles, rubber compounds, different rubber components, and transparent PVC profiles.

The dealer's Banco, Nalco, and Jindal in the aluminium industry, as well as Motherson Sumi's representatives and state transport, are then given access to these rubber products. Numerous producers and original equipment manufacturers of rubber items use rubber compounds.

Gayatri Rubbers and Chemicals, in general, produce:

1. Rubber profiles

2. Rubber compouns

3. Auto glass rubber

4. Industrial sponge rubbe

The firm is growing under the leadership of Mr. Manoj Kumar Aggarwal, an entrepreneur who has over 20 years of expertise in the sector.

Gayatri Rubbers conducts its production activities out of a building with a total floor space of three and a half thousand square feet (square feet).

Objects of the Issue

The following goals will be achieved by the firm using the proceeds of the issue:

to fulfil the company's working capital needs;

General corporate objectives; and

to cover the issue's expenses

Gayatri Rubbers and Chemicals IPO Details

The IPO for Gayatri Rubbers and Chemicals begins on January 25 and ends on January 30, 2023. The bid period for the IPO of Gayatri Rubbers and Chemicals runs from January 25, 2023, at 10:00 a.m., until January 30, 2023, at 5:00 p.m. On the day of the issue's conclusion, at 5 PM, UPI Mandate confirmation must be received.

Event	Tentative Date
Opening Date	Jan 25, 2023
Closing Date	Jan 30, 2023
Basis of Allotment	Feb 2, 2023
Initiation of Refunds	Feb 3, 2023
Credit of Shares to Demate	Feb 6, 2023
Listing Date	Feb 7, 2023