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Gleam Fabmat IPO is a fixed price issue of ₹3.12 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹3.12 crore.
Gleam Fabmat IPO bidding started from Feb 19, 2019 and ended on Feb 22, 2019. The allotment for Gleam Fabmat IPO was finalized on Feb 27, 2019. The shares got listed on BSE SME on Mar 5, 2019.
Gleam Fabmat 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 Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Gleam Fabmat IPO RHP for detailed Information.
| IPO Date | February 19, 2019 to February 22, 2019 |
| Listing Date | March 5, 2019 |
| 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 | 31,20,000 shares (aggregating up to ₹3.12 Cr) |
| Reserved for Market Maker | 1,60,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1600 Cr) |
| Net Offered to Public | 29,60,000 shares (aggregating up to ₹2.96 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 68,98,000 shares |
| Share Holding Post Issue | 1,00,18,000 shares |
Gleam Fabmat IPO offers total 31,20,000 shares. Out of which 14,80,000 (47.44%) allocated to NII, 14,80,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,60,000 (5.13%) |
| NII (HNI) Shares Offered | 14,80,000 (47.44%) |
| Retail Shares Offered | 14,80,000 (47.44%) |
| Total Shares Offered | 31,20,000 (100.00%) |
Gleam Fabmat IPO opens on February 19, 2019, and closes on February 22, 2019.
| IPO Open Date | Tue, Feb 19, 2019 |
| IPO Close Date | Fri, Feb 22, 2019 |
| Tentative Allotment | Wed, Feb 27, 2019 |
| Initiation of Refunds | Thu, Feb 28, 2019 |
| Credit of Shares to Demat | Fri, Mar 1, 2019 |
| Tentative Listing Date | Tue, Mar 5, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 22, 2019 |
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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, Delhi based Gleam Fabmat Limited is a company engaged in the trading of a wide range of aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets and textiles products.
The Company plans to leverage its promoter networks in the trading community to grow its business. It has expanded its verticals by venturing into Fabric segment. It is also developing a strong team to meet its proposed operational needs.
In the first four months of its operations, the company has posted sales, EBITDA and PAT as Rs. 1,022.22 lakhs, Rs. 30.82 lakhs and Rs. 20.99 lakhs respectively.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | ||||||
| Total Assets | 1,519.99 | |||||
| Total Revenue | 1,022.22 | |||||
| Profit After Tax | 20.99 | |||||
The Company Gleam Fabmat 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 | 2.49 |
| 2 | Funding expenditure for General Corporate Purposes | 0.20 |
[Dilip Davda] <p>The company has shown just four months working in offer documents. Based on it the issue is appearing fully priced. LM has average track record. Cash surplus risk savvy investors may consider investment in this offer at their own risk.</p> Read detail review...
| Listing Date | March 5, 2019 |
| BSE Script Code | 542477 |
| NSE Symbol | |
| ISIN | INE03CM01014 |
| Final Issue Price | ₹10 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.00 |
| Low | ₹8.55 |
| High | ₹9.00 |
| Last Trade | ₹8.55 |
Gleam Fabmat Ltd.
5504/15, G/F,
Basti Harpool Singh,
Sadar Bazar, North Delhi
Delhi, New Delhi, 110006
Phone: +91 80682 11160
Email: info@gfl.org.in
Website: http://www.gfl.org.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Gleam Fabmat IPO is a SME IPO of 31,20,000 equity shares of the face value of ₹10 aggregating up to ₹3.12 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on February 19, 2019, and closes on February 22, 2019.
Bigshare 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 Gleam Fabmat IPO using UPI as a payment gateway. Zerodha customers can apply in Gleam Fabmat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gleam Fabmat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gleam Fabmat IPO opens on February 19, 2019 and closes on February 22, 2019.
Gleam Fabmat IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Gleam Fabmat 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 Gleam Fabmat IPO will be done on Wednesday, February 27, 2019, and the allotted shares will be credited to your demat account by Friday, March 1, 2019. Check the Gleam Fabmat IPO allotment status.
The Gleam Fabmat IPO listing date is on Tuesday, March 5, 2019.
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