IPO response
The RS 23.81 Crore issue, which was opened on September 25 and closed on September 29, saw a strong question. It was subscribed 7.95 times, booked 7.53 times with the retail category and the part of the non-institutional investor (NII) was treated 7.87 times.
The IPO consisted of a new number of 29.76 LAKH shares, without offer for sales component. The proceeds will be used to buy extra factory and machines that meet working capital needs and general business purposes.
Company profile
Gujarat Peanut and Agri Products is a family-ranked company based in Rajkot. It is busy processing, assessing and acting peanuts and other agricultural products. The portfolio includes peanuts, sesame seeds, herbs, pulses, grains and rough cotton.
The company exports to several regions, including Asia, Africa and the Central East and works from a meter facility of 6,373 m² in Rajkot. With repeated customers and established supplier relationships, the company is present in both domestic and international markets.
Financial
The company has shown growth over the past two years. Turnover increased by 22% to RS 366.3 Crore in FY25, while the net profit increased by 65% ​​to RS 6.5 Crore, compared to RS 3.95 Crore in FY24. EBITDA has also more than doubled to RS 9.53 Crore.
The strong GMP and the healthy subscription point to the sentiment with a solid listing day. If the premium persists, the share could make debut in the reach of RS 105-110, although the performance will depend on its ability to expand the margins in the longer term and to maintain a steady export question.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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