Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Thu, Apr 12, 2018 - Tue, Apr 17, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Apr 12, 2018
IPO Close
Tue, Apr 17, 2018
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹10.20 Cr
| IPO Date | 12 to 17 Apr, 2018 |
| Listed on | Wed, Apr 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,70,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1700 Cr) |
| Fresh Issue (Ex Market Maker) | 30,30,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 30,30,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,02,00,000 shares |
| BSE Script Code | 541276 HARDWYN |
| ISIN | INE626Z01011 |
Garv Industries IPO comprises a total issue size of 32,00,000 shares. The net offer to the public is 30,30,000 shares, after excluding 1,70,000 shares allotted on a firm basis. Of the Net offer 15,15,000 (50.00%) allocated to NII 15,15,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,15,000 | 50.00% | 47.34% |
| Retail Shares Offered | 15,15,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,70,000 | 5.31% | |
| Total Shares Offered | 32,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 2.59 |
| 2 | Funding expenditure for General Corporate Purposes | 0.18 |
The Garv Industries IPO is subscribed 2.13 times on April 17, 2018 5:00:00 PM (Day 4). The public issue subscribed 1.89 times in the retail category, [.] times in the QIB category, and 2.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.17 | 15,91,500 | 34,60,000 |
| Retail | 1.89 | 15,91,500 | 30,00,000 |
| Total | 2.13 | 30,30,000 | 64,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.30 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.02 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹10.00 |
| High | ₹10.30 |
| Last Trade | ₹10.00 |
Lead Manager Reports
Garv Industries IPO is a SME IPO of 32,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Apr 12, 2018, and closes on Tue, Apr 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 Thu, Apr 12, 2018 and closes on Tue, Apr 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 Tue, Apr 24, 2018. Check the Garv Industries IPO allotment status.
The Garv Industries IPO listing date is on Wed, Apr 25, 2018.
