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G G Engineering IPO is a fixed price issue of ₹2.23 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹2.23 crore.
G G Engineering IPO bidding started from Jun 30, 2017 and ended on Jul 7, 2017. The shares got listed on BSE SME on Jul 17, 2017.
G G Engineering IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Naysaa Securities Ltd..
Refer to G G Engineering IPO RHP for detailed Information.
| IPO Date | June 30, 2017 to July 7, 2017 |
| Listing Date | July 17, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,16,000 shares (aggregating up to ₹2.23 Cr) |
| Reserved for Market Maker | 60,000 shares Naysaa Securities Ltd. (aggregating up to ₹0.1200 Cr) |
| Net Offered to Public | 10,56,000 shares (aggregating up to ₹2.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,72,300 shares |
| Share Holding Post Issue | 41,88,300 shares |
GG Engineering IPO offers total 11,16,000 shares. Out of which 5,28,000 (47.31%) allocated to NII, 5,28,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.38%) |
| NII (HNI) Shares Offered | 5,28,000 (47.31%) |
| Retail Shares Offered | 5,28,000 (47.31%) |
| Total Shares Offered | 11,16,000 (100.00%) |
G G Engineering IPO opens on June 30, 2017, and closes on July 7, 2017.
| IPO Open Date | Fri, Jun 30, 2017 |
| IPO Close Date | Fri, Jul 7, 2017 |
| Tentative Listing Date | Mon, Jul 17, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 7, 2017 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2006, GG Engineering Ltd (GGEL) is an authorised O.E.A. of Ashok Leylend & Perkins make engine. They manufacture DG Sets in the range of 10 to 2250 KVA. They make DG Sets with Ashok Leylend Engine ranging from 10 to 250 KVA and with Perkins Engine ranging from 300 to 2250 KVA.
The company is equipped with all facilities to execute all types of manufacturing activities such as punching, forming, shearing, bending, fabrication, welding & assembly etc. Company's major customers include Sonali Electrical Sales & Service, R M S International Private Ltd, Raman General Pvt Ltd, Bondre Associates, ATR Enterprises, Prashant Electricals, Ashok Khandelwal, Kumar & Kumar Associates, Ms. Proviso Group, Gupta Builders and Developers.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||||
|---|---|---|---|---|---|---|---|
| 31-Dec-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 661.95 | 571.22 | 471.92 | 523.65 | 333.82 | 264.57 | |
| Total Revenue | 598.60 | 520.23 | 206.79 | 212.89 | 5.42 | 585.90 | |
| Profit After Tax | 1.61 | 13.55 | 1.39 | (1.22) | 0.53 | 57.98 | |
The Company G G Engineering 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 | To part-finance incremental working capital requirements | 1.40 |
| 2 | General Corporate Purpose | 0.50 |
[Dilip Davda] Investors may give a miss to this highly priced issue. Read detail review...
| Listing Date | July 17, 2017 |
| BSE Script Code | 540614 |
| NSE Symbol | |
| ISIN | INE694X01014 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹19.90 |
| High | ₹21.00 |
| Last Trade | ₹20.70 |
G G Engineering Ltd.
Shop No 15,
1st Floor, Evershine Mall,
Chincholi, Malad (West)
Mumbai, Maharashtra, 400064
Phone: +91-22-4924 1267
Email: gglimited@ggengg.in
Website: http://www.ggengg.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ggengg@karvy.com
Website: https://ipostatus.kfintech.com/
G G Engineering IPO is a SME IPO of 11,16,000 equity shares of the face value of ₹10 aggregating up to ₹2.23 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on June 30, 2017, and closes on July 7, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in G G Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in G G Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in G G Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The G G Engineering IPO opens on June 30, 2017 and closes on July 7, 2017.
G G Engineering IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in G G Engineering 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 G G Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the G G Engineering IPO allotment status.
The G G Engineering IPO listing date is on Monday, July 17, 2017.
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