Global Pet Industries Limited is a leading company engaged in the manufacturing of a wide range of pet machines and equipment. With a focus on pet blow machines, fully automatic and semi-automatic pet machines, and pet blow moulding machines, the company caters to various industries and businesses requiring PET bottle manufacturing solutions.
One of the key products offered by Global Pet Industries Limited is the PET Stretch Blow Moulding Machine. This machine plays a crucial role in the production of PET bottles ranging from 50 ml to 20 litres. These bottles find applications in diverse sectors such as packaged drinking water, carbonated beverages, edible oils, liquid detergents, cosmetic products, pharmaceuticals, and more. The company's PET Stretch Blow Moulding Machines are designed to meet the specific requirements of different businesses, ensuring efficient and reliable manufacturing processes.
Global Pet Industries Limited IPO Details
Global Pet Industries Limited IPO is a 100% fresh issue of 27,00,000 shares aggregating up to ₹13.23 cr. The offer has its price band set to ₹49 per share, and the lot size is 3,000. The opening date for Global Pet Industries Limited IPO is Thursday, 29 June 2023 and the closing date is Monday, 3 July 2023. The IPO will list on the NSE.
Global Pet Industries Limited IPO Objectives
The objectives of Global Pet Industries Limited's IPO are listed below:
- Funding capital expenditure towards the construction of factory building.
- General corporate purposes.
Peer Details
There are no listed companies in India and abroad that is engaged in developing a similar line of product solution to that of the company.
Highlights of Global Pet Industries Ltd
- The company has a strong presence in the domestic market, with a footprint in 19 states based on sales made for the period ending December 31, 2022. Additionally, they have expanded their reach internationally, supplying products to 19 countries, including the United States, UAE, Kenya, Nigeria, and more. This wide geographical presence demonstrates their ability to serve a global customer base.
- Global Pet Industries Limited understands the importance of providing excellent after-sales services. They offer a range of services, including the supply of spares, components, and accessories for their machines, as well as repairs and maintenance. This commitment to customer support ensures that their customers can rely on them for ongoing assistance and efficient functioning of their equipment.
IPO Financials
| Particulars | For the period ended Dec 31, 2022* (₹ lakhs) | March 31, 2022 (₹ lakhs) |
|---|---|---|
| Revenue from Operations | 2,252.13 | 2,760.57 |
| Profit After Tax (PAT) | 156.16 | 115.96 |
| PAT Margin | 6.93% | 4.20% |
| EBITDA | 224.04 | 178.46 |
| EBITDA Margin | 9.95% | 6.46% |
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Strengths
2In the fiscal years 2020, 2021, and 2022, Global Pet’s export revenue accounted for a significant portion of their overall revenue from operations. This highlights the company’s success in capturing international markets and the demand for its products beyond domestic boundaries.
By establishing a dedicated quality control team, Global Pet Industries Limited ensures compliance with manufacturing practices, which helps in delivering reliable and high-quality products to their customers.
Risks
2Global Pet Industries has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
The company has recently commissioned its manufacturing facility at a Manufacturing Unit. Under-utilisation of the manufacturing capacities would have an adverse effect on its business, future prospects and future financial performance.
