Garv Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Apr 2018

Close Date

17 Apr 2018

Allotment

20 Apr 2018

Listing Date

25 Apr 2018

Exchange

BSE SME

Price Band

₹10

Listing Price

See chart

Allotment Status

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Price Band

₹10

Per share

Face Value

₹10 per share

Lot Size

10,000 Shares

per lot

Issue Size

32,00,000 shares (aggregating up to ₹3.20 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹100,000

1 lot

Pre-IPO Holding

70,00,000 shares

Promoters

Post-IPO Holding

1,02,00,000 shares

Promoters

UPI Deadline

2018-04-17

Mandate

Anchor AllotmentWed, 11 Apr 2018

Basis of AllotmentFri, 20 Apr 2018

Refund InitiationMon, 23 Apr 2018

Demat CreditTue, 24 Apr 2018

Listing DayWed, 25 Apr 2018

UPI Mandate Deadline2018-04-17

Sale TypeFresh Capital

Net Offer to Public30,30,000 shares (aggregating up to ₹3.03 Cr)

Market Maker Quota1,70,000 shares (aggregating up to ₹0.1700 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Garv Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 Apr 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	170,000	—	₹0.17
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,200,000	100%	₹3.20

IPO Shares Offered

Garv Industries Ltd. IPO total issue size: ₹3.20 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	170,000	₹0.17	5.31%
Total	3,200,000	₹3.20	100.00%

* Based on upper price band ₹10 per share

Lot Size & Investment

Lot Size

10,000

Shares per Lot

Issue Price

₹10.00

Upper Band

Min Investment

₹100,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	20,000	₹200,000
Retail (Max — 2 Lots)	2	20,000	₹200,000
S-HNI (Min — 14 Lots)	14	140,000	₹1,400,000
B-HNI (Min — 68 Lots)	68	680,000	₹6,800,000

* Issue Price ₹10 × Lot Size 10,000 shares

IPO Schedule

Anchor

11 Apr 2018

✓ Done

IPO Open

12 Apr 2018

✓ Done

IPO Close

17 Apr 2018

✓ Done

Allotment

20 Apr 2018

✓ Done

Refunds

23 Apr 2018

✓ Done

Demat Credit

24 Apr 2018

✓ Done

Listing Day

25 Apr 2018

✓ Done

₹10.00

INR · BSE

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Issue ₹10.00 Live Price

About Garv Industries Ltd.

Incorporated in 2017, Delhi based Garv Industries Limited, is engaged in the business of multiproduct trading and distribution of wide range of aluminum and textile products.The Company deals with a range of products like Aluminum Products viz. Aluminium Sheets/coils/extrusions/grill/ladders/ rolled products and textiles viz. cotton fabrics which have wide-scale applications in both B2B and B2C segments.The company has 10 employees on its payroll.

Objects of the Issue

1 Working Capital Requirements

2 Funding expenditure for General Corporate Purposes

Garv Industries Ltd. Financials (Amount in Lakhs)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

₹1,459.2

31-Jan-18

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

₹11.4

31-Jan-18

Particulars	31-Jan-18	FY 2023-24	FY 2022-23
Revenue from Operations	1459.18	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	11.43	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	1036.35	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered32,00,000 (100.00%)

Net Offer to Public30,30,000 shares (aggregating up to ₹3.03 Cr)

Reserved for Market Maker1,70,000 shares (aggregating up to ₹0.1700 Cr)

Pre-Issue Promoter Holding70,00,000 shares

Post-Issue Promoter Holding1,02,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

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Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Garv Industries Ltd. IPO subscribed? ▲

Garv Industries Ltd. IPO is subscribed 1.00 times by Apr 17, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Garv Industries Ltd. IPO retail subscription status? ▼

The Garv Industries Ltd. IPO retail category is subscribed 1.00 times as of 17 Apr 2018. The retail portion is oversubscribed.

How to subscribe Garv Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Apr 2018 and closes 17 Apr 2018. Min investment: ₹100,000 (1 lot = 10,000 shares). UPI mandate: 2018-04-17.

How many times Garv Industries Ltd. IPO subscribed? ▼

The Garv Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Garv Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Apr 2018. Refunds: on 23 Apr 2018.

When Garv Industries Ltd. IPO will be listed? ▼

The Garv Industries Ltd. IPO listing date is 25 Apr 2018, Wednesday. Listed on: BSE SME. Issue price: ₹10. Estimated listing: ₹10. GMP: NIL.

When Garv Industries Ltd. IPO close? ▼

The Garv Industries Ltd. IPO closes on 17 Apr 2018, Tuesday. UPI mandate: 2018-04-17. Allotment: 20 Apr 2018. Listing: 25 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹10.00

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Issue Price₹10.00

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Quick Summary

StatusListed

Issue Price₹10

Face Value₹10

Lot Size10,000 Sh

Min. Amount₹100,000

GMPNIL

Est. Listing₹10

Subscribed1.00x

Open Date12 Apr 2018

Close Date17 Apr 2018

Allotment20 Apr 2018

Listing Date25 Apr 2018

ExchangeBSE SME

UPI Deadline2018-04-17