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Open
14 Sep 2016
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Close
16 Sep 2016
3
Allotment
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Listing
Mon, Sep 26, 2016
Price Band
₹205 to ₹207
Issue Size
63,00,000 shares (agg. up to ₹130 Cr)
Lot Size
70 Shares
Listing Date
Mon, Sep 26, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 38.08x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Precision Camshafts Ltd. | Mainboard | ₹410.19 Cr | ₹186 | null | ₹177.45 | -4.60% | ₹141.54 (-1.50%) |
| Vishal Bearings Ltd. | SME | ₹3.24 Cr | ₹25 | null | ₹27.30 | +9.20% | ₹50.98 (+0.39%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of plant and machinery | 80.07 |
| 2 | To meet working capital requirements | 35.00 |
| 3 | General corporate purposes | 3.36 |
About GNA Axles IPO
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 const
Contact Details
GNA Axles Ltd. AddressGNA House, 1-C, Chhoti Baradari-Part IIGarha Road, Opposite Medical CollegeJalandhar, Punjab, 1440010181 4630 477gjain@gnagroup.comVisit Website