Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Feb 19, 2019 - Fri, Feb 22, 2019
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 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 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 Open
Tue, Feb 19, 2019
IPO Close
Fri, Feb 22, 2019
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹10.02 Cr
| IPO Date | 19 to 22 Feb, 2019 |
| Listed on | Tue, Mar 5, 2019 |
| 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 | 31,20,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,60,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1600 Cr) |
| Fresh Issue (Ex Market Maker) | 29,60,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 29,60,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 68,98,000 shares |
| Share Holding Post Issue | 1,00,18,000 shares |
| BSE Script Code | 542477 |
| ISIN | INE03CM01014 |
Gleam Fabmat IPO comprises a total issue size of 31,20,000 shares. The net offer to the public is 29,60,000 shares, after excluding 1,60,000 shares allotted on a firm basis. Of the Net offer 14,80,000 (50.00%) allocated to NII 14,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,80,000 | 50.00% | 47.44% |
| Retail Shares Offered | 14,80,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,60,000 | 5.13% | |
| Total Shares Offered | 31,20,000 | 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 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.
| 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 | 2.49 |
| 2 | Funding expenditure for General Corporate Purposes | 0.20 |
The Gleam Fabmat IPO is subscribed 1.75 times on February 22, 2019 7:49:03 PM (Day 4). The public issue subscribed 0.76 times in the retail category, [.] times in the QIB category, and 2.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.74 | 14,80,000 | 40,50,000 |
| Retail | 0.76 | 14,80,000 | 11,30,000 |
| Total | 1.75 | 29,60,000 | 51,80,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), Underwriting Commission and other out of pocket expenses. | 0.34 |
| 2 | Brokerage and Selling Commission, RTAs and CDPs | 0.01 |
| 3 | Payment to Registrar to Issue | 0.01 |
| 4 | Payment to Legal Advisors | 0.02 |
| 5 | Advertisement, Marketing Expenses, etc. | 0.02 |
| 6 | Printing & Distribution of Issue Stationery | 0.02 |
| 7 | Listing Fees, Market Regulatory Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.00 |
| Low | ₹8.55 |
| High | ₹9.00 |
| Last Trade | ₹8.55 |
Lead Manager Reports
Gleam Fabmat IPO is a SME IPO of 31,20,000 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 Tue, Feb 19, 2019, and closes on Fri, Feb 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 Tue, Feb 19, 2019 and closes on Fri, Feb 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 Fri, Mar 1, 2019. Check the Gleam Fabmat IPO allotment status.
The Gleam Fabmat IPO listing date is on Tue, Mar 5, 2019.
