Sunday, September 11, 2016

GNA Axles IPO Price Band, Market Lot & Dates Details

GNA Axles Ltd - one more auto components company is ready to entering in Indian share market with its IPO price band of Rs. 205 - 207. This is Punjab based company have good promising for retailer. As per the analysis the company has produced around 2.26 million components in current in FY16 and they have big strength to achieve goal in short time. GNA Axles is dealing in on-highway and off-highway segments. After seeing market report of GNA Axles, it is showing steady growth over the years. Also its financials reports is showing continues growth in business. GNA Axles IPO will open from September 14-16. Its good investment company which will sure profit in short period of time. Investors can apply for minimum bid lot of 70 shares. Company's assets, revenue and profit are increased YoY, domestic sales and export sales are growing as well as.

Grey market premium of GNA Axles Ltd is medium demand but company position in the market, products sale capecity and exports their products to various countries these all things give hints to invest in GNA Axles IPO will sure benefit & profit.

GNA Axles IPO Dates & Price Band & Market Lot:

  • Issue Open: Sep 14, 2016 - 
  • IPO Close: Sep 16, 2016 
  • Issue Size: Offer for Sale of 6,300,000 Equity Shares of Rs 10
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs. 205 - Rs. 207 
  • Market Lot: 70 Shares 
  • Listing On: BSE, NSE

GNA Axles IPO Allotment & Listing: (Approx)
  • Basis of Allotment: September 21, 2016 (Approx)
  • Refunds: September 22, 2016 (Approx)
  • Credit to demat accounts: September 23, 2016 (Approx)
  • Listing: September 26, 2016

    Note: Refer Page No 319 of RHP

    GNA Axles IPO Market Lot:
    • Shares: Apply for 70 Shares (Minimum Lot Size)
    • Amount: Rs. 14,490

    GNA Axles Financial:
    Financial condition is showing growth as compare to last few years. They are connected with auto compo from 1993. They have total assets of Rs. 4,465.32 million for the year ended March 2016 and its shows Rs. 20.07 crores growth compare to March 2015 and around Rs. 180 crores growth as compare to March 2012. Same as we can see the total revenue of Rs 5,089.43 million in year end March 2016 then its continuously growing YoY and while PTA have Rs. 259.56 million is high as compare to last year.. Good company to invest in.

    Company Promoters: The Promoters of the company are:
       1. Jasvinder Singh Seehra
       2. Ranbir Singh
       3. Gurdeep Singh

    Quick Links:

    IPO Registrar:
    Link Intime India Private Ltd,
    C-13 Pannalal Silk Mills Compound,
    LBS Marg, Bhandup West, Mumbai 400078
    Phone: +91-22-25963838
    Fax: +91-22-25946969

    IPO Lead Managers:
          1. Ambit Private Limited 
          2. PNB Investment Services Ltd 

    Company Address:
    G N A Axles Ltd
    GNA House, 1-C, Chhoti Baradari - Part II,
    Garha Road, Opposite Medical College,
    Jalandhar 144 001
    Phone: 0181 4630 477
    Fax: 0181 4630 477