GNA Axles IPO
GNA Axles Limited is among the leading manufacturers of rear axle shafts used in on-highway and off-highway vehicle segments in India. GNA Axles manufactures and supplies a wide range of rear axle shafts, other shafts, and spindles for the on-highway segment, i.e. for light, medium & heavy commercial vehicles and other transport vehicles such as buses. The company also produces and supplies a diverse range of rear axle shafts and other shafts for the off-highway segment which includes agricultural tractors and machinery, forestry and construction equipment, electric carts and other specialty vehicles used in mining and defense sectors. GNA also manufacture solid and hollow spindles used in the axle assembly for various vehicles and equipment in the on-highway segment, primarily for export customers.
GNA Axles has a broad customer base for both the on-highway and off-highway segments and the company’s customers are based in India and overseas. The company’s biggest customers include original equipment manufacturers (OEMs) such as John Deere, Mahindra & Mahindra (M&M), Tractors and Farm Equipment Limited (TAFE) as well as tier-1 suppliers to OEMs such as Automotive Axles Limited, Meritor HVS AB and Dana Limited.
The company has two manufacturing plants in districts Hoshiarpur and Kapurthala in Punjab.
[vc_tta_tabs][vc_tta_section title=”IPO Details” tab_id=”1458479750724-614c421f-343f8351-3bc081d1-3f79″]
| Subscription Dates |
14 – 16 September 2016 |
| Price Band |
INR205 – 207 per share |
| Fresh Issue Size |
6,300,000 shares |
| Total IPO size |
6,300,000 shares |
| Minimum bid (lot size) |
70 shares |
| Face Value |
INR10 per share |
| Retail Allocation |
35% |
| Listing On |
BSE, NSE |
[/vc_tta_section][vc_tta_section title=”IPO Objectives” tab_id=”1458479750944-ca7931cb-810c8351-3bc081d1-3f79″]
[/vc_tta_section][vc_tta_section title=”Capital structure” tab_id=”1458479806356-0ea35d5d-db868351-3bc081d1-3f79″]
[/vc_tta_section][vc_tta_section title=”Financial performance” tab_id=”1458479824794-117a2258-dc648351-3bc081d1-3f79″]
Listing Performance of GNA Axles IPO
IPO Opening Date:Â 14 September 2016
IPO Closing Date: 16 September 2016
Finalisation of Basis of Allotment: 21 September 2016
Initiation of refunds: 22Â September 2016
Transfer of shares to demat accounts:Â 23Â September 2016
Listing Date: 26Â September 2016
Listing Price on NSE: INR252 per share (Return of 21.7% over IPO price)
Closing Price on NSE:Â INR248 per share (Return of 19.8% over IPO price)
again those who wish to sell their allotmnt get 1000rs profit per application and sell to me
8863805714
how u ill pay for application?
wt abourt icici pru shere
STATING LISTING 250 I THINK IT’S GOOD COMPANY BETTER THEN ALL L&T GROP
BASIS OF ALOTMENT FOR RETAILERS
ALLOTMENT is over or pending linkintime ka ganti baja o
ganta allotment 22/sep/2016 ofday is over
Same here… wat was the strategy or ration they hv used
Trading Members of the Exchange are hereby informed that effective from Monday, September 26, 2016; the equity shares of G N A Axles Limited shall be listed and admitted to dealings on the Exchange in the list of ‘T’ Group of Securities. Further in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days.
http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160923-8