GNA AXLES LTD.● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO GNA AXLES LTD.● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO
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GNA Axles Ltd.

GNA Axles Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹207
₹207
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹207
Based on GMP
Min. Investment
₹14,490
1 lot × 70 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
14 Sep 2016
Close Date
16 Sep 2016
Allotment
21 Sep 2016
Listing Date
26 Sep 2016
Exchange
NSE & BSE
Price Band
₹207
Listing Price
See chart
Allotment Status
Price Band
₹207
Per share
Face Value
₹10 per share
 
Lot Size
70 Shares
per lot
Issue Size
63,00,000 shares (aggregating up to ₹130.41 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,490
1 lot
Pre-IPO Holding
1,51,65,400 shares
Promoters
Post-IPO Holding
2,14,65,400 shares
Promoters
UPI Deadline
2016-09-16
Mandate
Anchor AllotmentTue, 13 Sep 2016
Basis of AllotmentWed, 21 Sep 2016
Refund InitiationThu, 22 Sep 2016
Demat CreditFri, 23 Sep 2016
Listing DayMon, 26 Sep 2016
UPI Mandate Deadline2016-09-16
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
GNA Axles Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Sep 2016.
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)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
6,300,000
100% ₹130.41
IPO Shares Offered
GNA Axles Ltd. IPO total issue size: ₹130.41 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 6,300,000 ₹130.41
100.00%
* Based on upper price band ₹207 per share
Lot Size & Investment
Lot Size
70
Shares per Lot
Issue Price
₹207.00
Upper Band
Min Investment
₹14,490
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2140₹28,980
Retail (Max — 13 Lots)13910₹188,370
S-HNI (Min — 14 Lots)14980₹202,860
B-HNI (Min — 70 Lots)704,900₹1,014,300
* Issue Price ₹207 × Lot Size 70 shares
IPO Schedule
Anchor
13 Sep 2016
✓ Done
IPO Open
14 Sep 2016
✓ Done
IPO Close
16 Sep 2016
✓ Done
Allotment
21 Sep 2016
✓ Done
Refunds
22 Sep 2016
✓ Done
Demat Credit
23 Sep 2016
✓ Done
Listing Day
26 Sep 2016
✓ Done
GNA Axles Ltd. — Live Price LIVE
₹207.00
INR · BSE
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Issue ₹207.00 Live Price
About GNA Axles Ltd.
Incorporate in 1993, G N A Axles Ltd is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. Company mainly engaged in manufactures and sells auto components for the four-wheeler industry. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. GNA Axles made over 2.26 million components in 2016.GNA Axles has broad customer base for both the on-highway and off-highway segments and their customers are based in India and overseas. The company manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the on-highway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. It also offers a range of rear axle shafts and other shafts for the off-highway segment, which include agricultural tractors and machinery, forestry and construction equipment, electric carts, and other specialty vehicles used in mining and defense sectors. Visit chittorgarh.com for more detail. In Fiscal 2016, GNA Axles domestic sales and export sales constituted 45.29% and 54.71% of revenue.GNA Axles exports their products to various countries, including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia. They have two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications.Competitive Strengths1. Among the Leading Manufacturers of Axle Shafts in India2. Diverse Product Range of Axle Shafts and Spindles3. Strong Long Term Customer Relationships and Diversified Customer Base4. Manufacturing Facilities with Large Capacity and Modern Machinery5. Experienced Management and Skilled Employee Base6. Strong Engineering, Product Development and Technological Capabilities7. Sustained Financial Performance and Strong Financial Position
Objects of the Issue
1
1 Purchase of plant and machinery
2
2 To meet working capital requirements
3
3 General corporate purposes
GNA Axles Ltd. Financials (Amount in ₹ Crore)
Revenue from Operations
₹404.3
31-Mar-14
₹430.6
31-Mar-15
₹508.9
31-Mar-16
Profit After Tax (PAT)
₹13.3
31-Mar-14
₹21.6
31-Mar-15
₹26.0
31-Mar-16
Particulars31-Mar-1631-Mar-1531-Mar-14
Revenue from Operations 508.94 430.64 404.25
EBITDA N/A N/A N/A
Profit After Tax (PAT) 25.96 21.60 13.27
Net Worth N/A N/A N/A
Total Assets 446.53 426.46 381.85
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 Offered63,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding1,51,65,400 shares
Post-Issue Promoter Holding2,14,65,400 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Ambit Pvt.Ltd.
PNB Investment Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much GNA Axles Ltd. IPO subscribed?

GNA Axles Ltd. IPO is subscribed 1.00 times by Sep 16, 2016. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is GNA Axles Ltd. IPO retail subscription status?

The GNA Axles Ltd. IPO retail category is subscribed 1.00 times as of 16 Sep 2016. The retail portion is oversubscribed.

How to subscribe GNA Axles Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 14 Sep 2016 and closes 16 Sep 2016. Min investment: ₹14,490 (1 lot = 70 shares). UPI mandate: 2016-09-16.

How many times GNA Axles Ltd. IPO subscribed?

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

How to check GNA Axles Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Sep 2016. Refunds: on 22 Sep 2016.

When GNA Axles Ltd. IPO will be listed?

The GNA Axles Ltd. IPO listing date is 26 Sep 2016, Monday. Listed on: NSE & BSE. Issue price: ₹207. Estimated listing: ₹207. GMP: NIL.

When GNA Axles Ltd. IPO close?

The GNA Axles Ltd. IPO closes on 16 Sep 2016, Friday. UPI mandate: 2016-09-16. Allotment: 21 Sep 2016. Listing: 26 Sep 2016.