Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Jun 30, 2017 - Fri, Jul 7, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 30, 2017
IPO Close
Fri, Jul 7, 2017
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹8.38 Cr
| IPO Date | 30 Jun to 7 Jul, 2017 |
| Listed on | Mon, Jul 17, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,16,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 60,000 shares Naysaa Securities Ltd. (agg. up to ₹0.1200 Cr) |
| Fresh Issue (Ex Market Maker) | 10,56,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 10,56,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 30,72,300 shares |
| Share Holding Post Issue | 41,88,300 shares |
| BSE Script Code | 540614 |
| ISIN | INE694X01014 |
G G Engineering IPO comprises a total issue size of 11,16,000 shares. The net offer to the public is 10,56,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,28,000 (50.00%) allocated to NII 5,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,28,000 | 50.00% | 47.31% |
| Retail Shares Offered | 5,28,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.38% | |
| Total Shares Offered | 11,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| 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 | To part-finance incremental working capital requirements | 1.40 |
| 2 | General Corporate Purpose | 0.50 |
The GG Engineering IPO is subscribed [.] times on July 7, 2017 5:00:00 PM (Day 6). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages | 0.15 |
| 2 | Market Making Fees for three years | 0.06 |
| 3 | Payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.03 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 5 | Advertisement & Marketing Expenses | 0.03 |
| 6 | Regulatory & other expenses | 0.02 |
| 7 | Miscellaneous Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹19.90 |
| High | ₹21.00 |
| Last Trade | ₹20.70 |
Lead Manager Reports
G G Engineering IPO is a SME IPO of 11,16,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Jun 30, 2017, and closes on Fri, Jul 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 Fri, Jun 30, 2017 and closes on Fri, Jul 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 Mon, Jul 17, 2017.
