G N A Axles Ltd IPO

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G N A Axles Ltd is coming with initial Public offering (IPO). The initial Public offering (IPO) might be worth of Rs 130 crore. The initial public offering (IPO) opening dates is 14 September, 2016.

G N A Axles Ltd Profile:

Registration details:

Company was incorporated on 6 September, 1993 at Jalandhar under companies Act, 1956. Company was established as a public Limited company. At the initial Stage the name of the company was G N A Axles Limited. On 5 April, 1994 Company got the certificate for commencement of business.

Working:

G N A Axles Ltd does the manufacturing of rear axle shafts, other shafts and spindles which are usually used in on-highway and off-highway vehicular segments across the country. The main business of the company is to manufactures and sells the auto components for four-wheeler industry. In year 2016 company has produced 2.26 million four-wheeler components. The company manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the on-highway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. It also offers a range of rear axle shafts and other shafts for the off-highway segment, which include agricultural tractors and machinery, forestry and construction equipment, electric carts, and other specialty vehicles used in mining and defense sectors.

Apart from manufacturing the company does the export for auto components to various countries. They are the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia.

Total revenue percentage of company from domestic sale and export sale is 45.29% and 54.71%. Company is have two manufacturing unit. They are at

  1. Mehtiana
  2. Gulababgarh

Both the units are ISO/TS 16949:2009 certified.

Company Promoters:

Company is having three promoters. They are

  1. Gurdeep Singh
  2. Ranbir Singh
  3. Jasvinder Singh Seehra
Objective of the IPO:

There are three objectives of the IPO. They are

  1. General Corporate purpose.
  2. Raise money to purchase of plant and machinery.
  3. To meet working capital requirement.
Issue Details:
  1. Issue Open: Sep 14, 2016 – Sep 16, 2016
  2. Issue Type: Book Built Issue IPO
  3. Issue Size:6,300,000 Equity Shares of Rs 10 aggregating up to Rs 130 Cr.
  4. Face Value: Rs 10 Per Equity Share
  5. Issue Price: Rs. 205 – Rs.207 Per Equity Share
  6. Market Lot:70 shares
  7. Minimum Order Quantity:70 shares
  8. Listing At: BSE, NSE
G N A Axles Ltd IPO Prospectus:

DRHP

Registered Address of the company:

GNA House, 1-C, Chhoti Baradari – Part II,

Garha Road, Opposite Medical College, Jalandhar 144 001

Lead Manager to the Issue:

PNB Investment Services Limited

Registrar to the IPO:

Link Intime India Private Limited C-13,

Pannalal Silk Mills Compound L.B.S Marg,

Bhandup (West) Mumbai 400 0078

Tel: 022 6171 5400 Fax: 022 2596 0329

E-mail: gna.ipo@linkintime.co.in

Investor grievance e-mail: gna.ipo@linkintime.co.in

 Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration No.: INR000004058

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