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Garv Industries IPO is a fixed price issue of ₹3.20 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹3.20 crore.
Garv Industries IPO bidding started from Apr 12, 2018 and ended on Apr 17, 2018. The allotment for Garv Industries IPO was finalized on Apr 20, 2018. The shares got listed on BSE SME on Apr 25, 2018.
Garv Industries IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Garv Industries IPO RHP for detailed Information.
| IPO Date | April 12, 2018 to April 17, 2018 |
| Listing Date | April 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,00,000 shares (aggregating up to ₹3.20 Cr) |
| Reserved for Market Maker | 1,70,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1700 Cr) |
| Net Offered to Public | 30,30,000 shares (aggregating up to ₹3.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,02,00,000 shares |
Garv Industries IPO offers total 32,00,000 shares. Out of which 15,15,000 (47.34%) allocated to NII, 15,15,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,70,000 (5.31%) |
| NII (HNI) Shares Offered | 15,15,000 (47.34%) |
| Retail Shares Offered | 15,15,000 (47.34%) |
| Total Shares Offered | 32,00,000 (100.00%) |
Garv Industries IPO opens on April 12, 2018, and closes on April 17, 2018.
| IPO Open Date | Thu, Apr 12, 2018 |
| IPO Close Date | Tue, Apr 17, 2018 |
| Tentative Allotment | Fri, Apr 20, 2018 |
| Initiation of Refunds | Mon, Apr 23, 2018 |
| Credit of Shares to Demat | Tue, Apr 24, 2018 |
| Tentative Listing Date | Wed, Apr 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 17, 2018 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
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.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | ||||||
| Total Assets | 1,036.35 | |||||
| Total Revenue | 1,459.18 | |||||
| Profit After Tax | 11.43 | |||||
The Company Garv Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 2.59 |
| 2 | Funding expenditure for General Corporate Purposes | 0.18 |
[Dilip Davda] <p>Although this is an at par offer, only cash surplus risk savvy investors may consider moderate investment for long term at their own risk.</p> Read detail review...
| Listing Date | April 25, 2018 |
| BSE Script Code | 541276 |
| NSE Symbol | HARDWYN |
| ISIN | INE626Z01011 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹10.00 |
| High | ₹10.30 |
| Last Trade | ₹10.00 |
Garv Industries Ltd.
B - 502, 5th Floor,
Statesman House 147,
Barakhamba Road,
New Delhi, New Delhi, 110001
Phone: +91 - 11 - 2362 9277
Email: info@garvindustries.com
Website: http://www.garvindustries.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Garv Industries IPO is a SME IPO of 32,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.20 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on April 12, 2018, and closes on April 17, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Garv Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Garv Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Garv Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Garv Industries IPO opens on April 12, 2018 and closes on April 17, 2018.
Garv Industries IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Garv Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Garv Industries IPO will be done on Friday, April 20, 2018, and the allotted shares will be credited to your demat account by Tuesday, April 24, 2018. Check the Garv Industries IPO allotment status.
The Garv Industries IPO listing date is on Wednesday, April 25, 2018.
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