Equity shares in Global Pet Industries Limited will be issued via fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Global Pet Industries Limited is set for the week of June 28 – July 03, 2023.The issue is priced at ₹49 per share. The minimum order quantity is 3000 Shares. With a face value of Rs. 10, each of the 2,700,000 shares up for sale in the IPO may bring in as much as 13.23 Cr. for the company. Let’s learn more about their initial public offering scheduled for June-July of 2023.
About Global Pet Industries Limited
Global Pet Industries Limited, founded in 2013, is a manufacturer and supplier of Two Stage PET Stretch Blow Moulding Machines. PET Stretch Blow Moulding Machine is used for the production of machines that are suitable for the business segment of Pet stretch below moulding solutions from 50ml to 20 Liters of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, and so on. Aside from producing PET Stretch Blow Moulding Machines, the company also offers after-sales services like as replacements, components, and accessories, as well as repairs and maintenance of the machines after they are delivered.
The company operates two production plants in Palghar, Maharashtra. Global Pet Industries is divided into two business units: (i) domestic sales and (ii) exports. Based on sales for the fiscal year ending December 31, 2022, it has a presence in 19 states for its domestic market. Based on sales for the fiscal year ending December 31, 2022, it supplies products in 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.
Global Pet Industries IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 28th June 2023 |
| Issue Closes | 03rd July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 49 Per Share |
| Issue Size | 2,700,000 Shares (Rs 13.23 crores) |
| Minimum Order Quantity | 3000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Funding Capital Expenditure towards the construction of factory building.
- To fund expenditures towards General company objectives.
Global Pet Industries Limited — Company Contact Details
- Registered & Corporate Office: Unit No. 108 & 109, Karishma Industrial Estate, Hissa No. 5, Survey No. 36, Village Waliv, Dhumal Nagar, Vasai (East), Palghar – 401208
- Telephone: +91 8669621562
- Website: https://globalpetind.com/
Global Pet Industries IPO – Lead Managers of the Issue
Shreni Shares Private Limited
- Office Address: Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai
- Telephone: +91 22 2808456
- Email: shrenishares@gmail.com
Global Pet Industries IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Global Pet Industries Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
